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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
MakeMyTrip Limited - Ordinary Shares (NASDAQ:MMYT)
Countertrend Up (+85) - MMYT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MMYT?
MarketClub looks at technical strength and momentum to determine if the timing is right for MMYT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MMYT
The long-term trend has been UP since Jun 1st, 2023 at 26.8400
The intermediate-term trend has been UP since May 6th, 2024 at 73.6200
The short-term trend has been DOWN since May 8th, 2024 at 70.1501
Smart Scan Analysis for MMYT
Based on our trend formula, MMYT is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 72.000 | 72.920 | 70.820 | 72.825 | +0.145 |
| Prev. Close | Volume | Bid | Ask | Time |
| 72.680 | 493891 | 2024-05-09 11:20:31 |
| Year High | 41.7 | Year High Date | 2018-06-12 |
| Year Low | 20.82 | Year Low Date | 2018-10-25 |
| 52wk High | 77.3 | 52wk High Date | 2024-04-08 |
| 52wk Low | 25.08 | 52wk Low Date | 2023-05-11 |
| Year End Close | 12.44 | Average Volume | 711,016 |
| Shares Outstanding | 65,065 | Short Interest | 375,333 |
| % Institutional | 86.6 | Market Cap | 2,522M |
| Assets | 152,549,100M | Liabilities | 588,974,000M |
| Beta | 2.11 | Volatility | 53.62 |