MAKEMYTRIP LTD (MMYT) Stock Technical Analysis
NASDAQ:MMYT - Nasdaq - MU0295S00016 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to MMYT. Although MMYT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, MMYT did better than 92% of all other stocks.
MMYT is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 89% of 136 stocks in the same industry.
MMYT is currently trading in the middle of its 52 week range. The S&P500 Index is currently trading in the lower part of its 52 week range, so MMYT is still doing slightly better than the market.
In the last month MMYT has a been trading in the 84.83 - 109.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MMYT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 100.10, a Stop Loss order could be placed below this zone.
More info and screens
82.37
121.66
We found 3 important support areas.
- A support zone ranging from 97.52 to 100.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 86.91 to 87.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.20 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @103.51 from a horizontal line in the weekly time frame.
- Resistance @108.07 from a horizontal line in the daily time frame.
- Resistance @120.46 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.97
Mansfield1.34
10 Day High104.05
10 Day Low84.83
20 Day High109
20 Day Low84.83
52 Week High123
52 Week Low65.54
Performance
1 Week2.55%
2 Weeks15.22%
1 Month-0.67%
3 Month-7.97%
6 Month-2.27%
12 Month48.78%
2 Year328.24%
3 Year294.11%
5 Year580.08%
10 Year373.94%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.75
RSI(14)52.2
LBB86.98
UBB107.15
100.38
-2.92 (-2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-2.83%
1 Week2.55%
2 Weeks15.22%
1 Month-0.67%
3 Month-7.97%
6 Month-2.27%
12 Month48.78%
2 Year328.24%
3 Year294.11%
5 Year580.08%
10 Year373.94%
15 YearN/A
Volatility
ATR(14)6.23
ATR(20)%5.71%
ATR Inc-48.21%
Range Today3.64
ADR(20)5.12
ADR(20)%5.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.97
Mansfield1.34
10 Day High104.05
10 Day Low84.83
20 Day High109
20 Day Low84.83
52 Week High123
52 Week Low65.54
CS1 End100.1
CR1 Start103.51
Volume & EV
DER(3)1.03%
DER(5)-2.07%
Volume352.80K
Volume Incr-22.57%
Vol(5)636.62K
Vol(50)892.53K