What Does Bollinger Band say about MakeMyTrip Limited (NASDAQ:MMYT)?


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of MakeMyTrip Limited (NASDAQ:MMYT) for the period of 9-Day stands at 12.26% while the stochastic %D for the same period stands at 10%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of MakeMyTrip Limited (NASDAQ:MMYT) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for MakeMyTrip Limited (NASDAQ:MMYT) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently MakeMyTrip Limited (NASDAQ:MMYT)’s 20-Day Bollinger Band indicates “Hold”.

About Company

MakeMyTrip Limited is an online travel service company which offers travel products and solutions in India and the United States. The Company’s services and products include air tickets, customized holiday packages, hotel booking, railway tickets, bus tickets, car hire and facilitating access to travel insurance. MakeMyTrip Limited is the parent company of MakeMyTrip (India) Private Limited and MakeMyTrip.com Inc. Through its primary website, www.makemytrip.com, and other technology-enhanced platforms, the Company provides access to all major domestic full-service and low-cost airlines operating in India, all major airlines operating to and from India, a wide selection of hotels in and outside India, Indian Railways and several major Indian bus operators. MakeMyTrip Limited is based in Gurgaon, India.

Previous Day Activity Analysis

On the last trading day, MakeMyTrip Limited (NASDAQ:MMYT) opened the session at $25.7 and after going up 1.56% closed at $26.1. The stock gained 0.4 points in the last trade.

MakeMyTrip Limited (NASDAQ:MMYT)’s stock fluctuated in the range of $24.80 and $26.50 during the previous active session. MakeMyTrip Limited (NASDAQ:MMYT) traded with the volume of 1.12 Million with average volume of 556.86 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 0.21 while ATR (Average True Range) and RSI (Relative Strength Index) are at 1.19 and 31.92 respectively.

Currently the Insider Ownership of the shares of MakeMyTrip Limited (NASDAQ:MMYT) is at 85.4% and the shares outstanding are 94.53 Million.

Important Ratio Analysis

Some important ratios to consider here for MakeMyTrip Limited (NASDAQ:MMYT) are discussed below:

Dividend yield of MakeMyTrip Limited (NASDAQ:MMYT) stands at 0% whereas Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 0.

The Price to Sale P/S and Price to Book P/B shows the value of 4.76 and 1.52 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 5.01 and 0 correspondingly.

The Quick Ratio of MakeMyTrip Limited (NASDAQ:MMYT) stands at 3.7 while the Current Ratio depicts the value of 3.7.

Return on Assets ROA of MakeMyTrip Limited (NASDAQ:MMYT) is at -16.3% whereas, Return on Equity ROE and Return of Investment ROI of MakeMyTrip Limited (NASDAQ:MMYT) stand at -19.8% and -9.6% respectively.

Stock Performance Analysis

The stock performance of MakeMyTrip Limited (NASDAQ:MMYT) on the basis of 5 day trade show the dip of -5.95% whereas, the monthly performance of the stock shows decrease of -23.12%.

The quarterly performance of the stock remained in red zone with the value of -17.01% while six month performance of the shares of MakeMyTrip Limited (NASDAQ:MMYT) remained bearish with the count of -32.12%.

The yearly and YTD performance of MakeMyTrip Limited (NASDAQ:MMYT) remained up at 23.17% and 17.57% respectively.