Technical Analysis for MMYT - MakeMyTrip Limited

Grade Last Price % Change Price Change
A 64.87 -1.02% -0.67
MMYT closed up 0.52 percent on Wednesday, April 24, 2024, on 53 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
Earnings due: May 14
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish -1.02%
Up 3 Days in a Row Strength -1.02%
Oversold Stochastic Weakness -1.02%
Crossed Above 50 DMA Bullish -0.51%
Strong but Oversold Other -0.51%
Oversold Stochastic Weakness -0.51%
Lower Bollinger Band Walk Weakness 4.49%
Oversold Stochastic Weakness 4.49%
MACD Bearish Centerline Cross Bearish 6.52%
NR7 Range Contraction 6.52%

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Profile

MakeMyTrip Limited Description

MakeMyTrip Limited, an online travel company, provides travel products and solutions. Its services and products include air tickets, hotels, packages, rail tickets, bus tickets, car hire, and ancillary travel requirements, such as travel insurance, and Visa processing and facilitating access. The company allows travelers to research, plan, book, and purchase a range of travel services and products in India and internationally through its Website MakeMyTrip.com. MakeMyTrip Limited also provides its products and services through hoteltravel.com, makemytrip.ae, makemytrip.com.sg, and other technology-enhanced distribution channels, such as call centers, travel stores, travel agents' network, and mobile service platform. Its customers comprise leisure travelers and small businesses. MakeMyTrip Limited was founded in 2000 and is headquartered in Gurgaon, India.


Classification

Sector: Consumer Cyclical
Industry: Leisure
Keywords: IBD 50 Website Travel Agency Online Travel Travel Agents Leisure Travel Travel Insurance Travel Service Travel Products Travel Services Travel Product

Is MMYT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 77.3
52 Week Low 22.62
Average Volume 802,972
200-Day Moving Average 46.95
50-Day Moving Average 64.21
20-Day Moving Average 67.82
10-Day Moving Average 64.66
Average True Range 2.74
RSI (14) 49.75
ADX 24.54
+DI 25.55
-DI 23.62
Chandelier Exit (Long, 3 ATRs) 69.09
Chandelier Exit (Short, 3 ATRs) 68.76
Upper Bollinger Bands 76.00
Lower Bollinger Band 59.64
Percent B (%b) 0.36
BandWidth 24.14
MACD Line -0.49
MACD Signal Line 0.35
MACD Histogram -0.8381
Fundamentals Value
Market Cap 4.55 Billion
Num Shares 69.4 Million
EPS 0.46
Price-to-Earnings (P/E) Ratio 142.48
Price-to-Sales 8.63
Price-to-Book 6.90
PEG Ratio -0.21
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 68.44
Resistance 3 (R3) 68.66 67.93 67.95
Resistance 2 (R2) 67.93 67.19 67.81 67.79
Resistance 1 (R1) 66.73 66.73 66.37 66.51 67.63
Pivot Point 66.00 66.00 65.81 65.88 66.00
Support 1 (S1) 64.80 65.26 64.44 64.58 63.45
Support 2 (S2) 64.07 64.80 63.95 63.29
Support 3 (S3) 62.87 64.07 63.13
Support 4 (S4) 62.65