Makemytrip's 15min chart triggers MACD Death Cross and KDJ Death Cross.

According to Makemytrip's 15-minute chart, a MACD Death Cross and KDJ Death Cross were triggered at 13:00 on October 15, 2025. This suggests that the stock price may continue to decline, with momentum shifting towards the downside and potentially leading to further decreases.

MakeMyTrip (MMYT) ended the recent trading session at $92.68, demonstrating a -1.46% change from the preceding day's closing price, according to a Nasdaq article. The stock's change was less than the S&P 500's daily gain of 0.58%. Over the past month, MMYT 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%.

On October 15, 2025, at 13:00, a MACD Death Cross and KDJ Death Cross were triggered on MMYT's 15-minute chart. This technical indicator suggests that the stock price may continue to decline, with momentum shifting towards the downside. A MACD Death Cross occurs when the MACD line crosses below the signal line, indicating a potential reversal in the stock's trend. Similarly, the KDJ Death Cross suggests a bearish trend when the K line crosses below the J line on the KDJ indicator. These indicators are commonly used by technical analysts to predict market trends.

Investors should note that MakeMyTrip's upcoming earnings performance is expected to be closely watched. The company's projected EPS for the next quarter is $0.45, representing a 25.00% increase compared to the same quarter last year. Revenue is anticipated to reach $264.28 million, marking a 25.26% upward movement from the previous year. Full-year Zacks Consensus Estimates call for earnings of $2.16 per share and revenue of $1.19 billion, indicating year-over-year changes of +38.46% and +21.79%, respectively.

Analysts have also noted recent changes in estimates, which often signify shifts in business trends. MakeMyTrip currently holds a Zacks Rank of #3 (Hold), indicating a neutral outlook. The stock's Forward P/E ratio stands at 43.54, which is higher than the industry average of 14.07. The Internet - Delivery Services industry, part of the Computer and Technology sector, ranks 53 out of 250+ industries, placing it in the top 22%, as that Nasdaq article noted.

Technical indicators and recent stock performance suggest that MMYT may face further downward pressure. Investors should monitor these indicators closely and consider the company's earnings reports for a clearer picture of its financial health.