Makemytrip's 15min chart shows MACD Death Cross, Bollinger Bands Narrowing, KDJ Death Cross

According to the 15-minute chart of Makemytrip, the Moving Average Convergence Divergence (MACD) has triggered a Death Cross, while Bollinger Bands have narrowed and the KDJ indicator has also formed a Death Cross at 10/13/2025 15:00. This suggests that the stock price has the potential to continue declining, with a decrease in the magnitude of stock price fluctuations and a shift in momentum towards the downside.

MakeMyTrip (MMYT) stock has been under scrutiny following recent technical indicator signals. According to the 15-minute chart, the Moving Average Convergence Divergence (MACD) has triggered a Death Cross, while Bollinger Bands have narrowed and the KDJ indicator has also formed a Death Cross as of October 13, 2025, at 15:00 MakeMyTrip (MMYT) Stock Slides as Market Rises: Facts to Know Before You Trade^[1]. These signals suggest a potential continuation of the downward trend in the stock price, with a decrease in the magnitude of price fluctuations and a shift in momentum towards the downside.

The Death Cross on the MACD indicates that the stock's short-term moving average has crossed below the long-term moving average, often signaling a bearish trend. The narrowing of Bollinger Bands suggests a decrease in volatility, which can sometimes precede a significant price move. The KDJ indicator, which measures the relative strength of the stock, forming a Death Cross at the specified date, further reinforces the bearish sentiment.

Investors should also consider the recent performance of MakeMyTrip's stock. The company's stock ended the recent trading session at $92.68, demonstrating a -1.46% change from the preceding day's closing price. Over the past month, the stock has dropped by 3.92%, underperforming the Computer and Technology sector's gain of 6.37% and the S&P 500's gain of 3.68% MakeMyTrip (MMYT) Stock Slides as Market Rises: Facts to Know Before You Trade^[1].

Despite these technical signals, the investment community remains optimistic about MakeMyTrip's earnings performance. The upcoming earnings release is expected to show a significant increase in earnings per share (EPS) of 25.00% compared to the same quarter of the previous year, with a projected EPS of $0.45. Revenue is anticipated to grow by 25.26% to $264.28 million MakeMyTrip (MMYT) Stock Slides as Market Rises: Facts to Know Before You Trade^[1].

However, the Zacks Rank for MakeMyTrip currently stands at #3 (Hold), indicating a neutral outlook. The company's Forward P/E ratio of 43.54 is higher than the industry average of 14.07, suggesting that the stock may be overvalued compared to its peers MakeMyTrip (MMYT) Stock Slides as Market Rises: Facts to Know Before You Trade^[1].

Investors should keep a close eye on these technical indicators and earnings reports to make informed decisions about their investments in MakeMyTrip. While the technical signals suggest a potential downward trend, the company's earnings growth prospects remain promising.