Stock Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
MakeMyTrip Limited - Ordinary Shares (NASDAQ:MMYT)
Sidelines Mode (-55) - MMYT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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 DOWN since Sep 19th, 2023 at 37.2991
The short-term trend has been UP since Sep 22nd, 2023 at 38.2899
Smart Scan Analysis for MMYT
Based on our trend formula, MMYT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||41.7||Year High Date||2018-06-12|
|Year Low||20.82||Year Low Date||2018-10-25|
|52wk High||41.47||52wk High Date||2023-09-12|
|52wk Low||22.5||52wk Low Date||2023-04-26|
|Year End Close||12.44||Average Volume||759,560|
|Shares Outstanding||65,065||Short Interest||375,333|
|% Institutional||86.6||Market Cap||2,522M|