MakeMyTrip Limited (MMYT)

MakeMyTrip Limited is trading at $61.49, up 3.38% on the session. The 50 day average sits at $53.93 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 55.9, which reads as strong, and MACD is bearish crossover. Volume is below average.

The nearest support is around $59.23 with resistance near $60.67, so that band frames the current range. Average daily movement is roughly $2.63, or about 4.3% of the share price, which is what any stop placement has to allow for. The overall health score of 63 out of 100 combines a trend score of 75, momentum of 61 and a risk score of 46.

MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, Saudi Arabia, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air tickets, hotels and alternative accommodations, holiday packages, bus tickets, rail tickets, car hire, tours and attractions, travel assurance products and add-on products for bookings; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products; and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands, as well as foreign exchange, prepaid forex cards, cross-border remittances and related financial services. The company allows travelers to research, plan, and book a range of travel services and products in India and internationally through its primary websites, including makemytrip.com, goibibo.com, redbus.in, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, franchisee-owned travel stores, and travel agents' network, as well as its mobile applications. It primarily serves leisure travelers and corporates. The company was formerly known as International Web Travel Private Limited and changed its name to MakeMyTrip Limited in March 2010. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.