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Stock Trend Analysis Report

Prepared for you on Monday, July 22, 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.

NASDAQ_MMYT
Open High Low MMYT Price Change
86.69 89.74 85.33 88.90 +0.92
Entry Signal

MarketClub’s Trade Triangles for MMYT

long term up The long-term trend has been UP since Jun 1st, 2023 at 26.8400

intermediate term up The intermediate-term trend has been UP since Jun 20th, 2024 at 83.6499

short term down The short-term trend has been DOWN since Jul 17th, 2024 at 85.0200

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).

+85
Smart Scan Analysis for MMYT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
86.69 89.74 85.33 88.90 +0.92
Prev. Close Volume Bid Ask Time
88.98 816148 2024-07-19 15:59:30
Year High41.7Year High Date2018-06-12
Year Low20.82Year Low Date2018-10-25
52wk High93.2952wk High Date2024-07-10
52wk Low28.1352wk Low Date2023-07-27
Year End Close12.44Average Volume731,423
Shares Outstanding65,065Short Interest375,333
% Institutional86.6Market Cap2,522M
Assets166,007,700MLiabilities549,222,000M
P/E Ratio50.5632Beta2.11
Volatility53.62
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