MAKEMYTRIP LTD (MMYT)
MU0295S00016 - Common Stock
We assign a technical rating of 9 out of 10 to MMYT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MMYT is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that MMYT is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by MMYT over the past year are nicely spread over this period.
MMYT is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry. MMYT outperforms 94% of them.
MMYT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MMYT has a been trading in the 96.54 - 113.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MMYT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
87.73
111.34
When analyzing the support we can see 6 important areas.
- Support @108.47 from a horizontal line in the weekly time frame.
- A support zone ranging from 101.96 to 103.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 97.53 to 98.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @94.90 from a trend line in the daily time frame.
- Support @90.77 from a trend line in the weekly time frame.
- Support @88.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @110.24 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
CRS96.16
Mansfield2.63
10 Day High112.77
10 Day Low96.54
20 Day High113.61
20 Day Low96.54
52 Week High113.61
52 Week Low41.56
Performance
1 Week2.8%
2 Weeks-5.45%
1 Month8.2%
3 Month7.27%
6 Month35.37%
12 Month152.58%
2 Year261.3%
3 Year340.53%
5 Year312.1%
10 Year264.99%
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)-0.19
RSI(14)55.66
LBB96.48
UBB111.5
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 108.48 | 101.95 | 6.53 (6.02%) | 16.61% |
| An entry @108.48. This is a Buy Stop order right above the resistance zone. | An exit @101.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.53 points, which is 6.02%. | When investing 16.61% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MMYT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MAKEMYTRIP LTD
NASDAQ:MMYT (11/21/2024, 11:31:05 AM)
109.58
+2.31 (+2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg2.15%
1 Week2.8%
2 Weeks-5.45%
1 Month8.2%
3 Month7.27%
6 Month35.37%
12 Month152.58%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5.24
ATR(20)%4.49%
ATR Inc
Range Today4.82
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High112.77
10 Day Low96.54
20 Day High113.61
20 Day Low96.54
52 Week High113.61
52 Week Low41.56
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume147.78K
Volume Incr24.69%
Vol(5)680.20K
Vol(50)681.48K