MakeMyTrip Ltd. Shares Drop Below 200-Day Average

In a significant move, MakeMyTrip Ltd. shares have dipped below their 200-day moving average, now trading around $93.66. This decline represents a 5.6% drop on the day, raising investor concerns about its market performance.

Date: 25-02-2025

AI Rating: 4

MakeMyTrip Ltd. (MMYT) has recently crossed below its 200-day moving average of $98.08, as the shares fell to as low as $93.66. This decline of 5.6% in a single day is a notable concern for investors, indicating a potential bearish trend.

**52-Week Performance**: The stock has been fluctuating significantly within its 52-week range, with a low of $56.90 and a high of $123. The current trading price of $95.30 suggests that while it is above its one-year low, it is well below its high point. This could be indicative of underlying issues affecting investor sentiment and demand for the stock.

The drop below the 200-day moving average is often considered a bearish signal, which can indicate further downside risk. Investors typically watch this moving average closely; a drop below it could lead to further selling pressure as traders may take it as a sign to exit positions.

Stocks: MMYT