MITEK SYSTEMS INC (MITK) Stock Technical Analysis
NASDAQ:MITK - Nasdaq - US6067102003 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to MITK. MITK performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
61% of all other stocks performed better in the past year than MITK.
In the last month MITK has a been trading in the 9.41 - 10.50 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
MITK is part of the Software industry. There are 282 other stocks in this industry, MITK did better than 43% of them.
MITK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MITK is lagging the market.
MITK has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.11
10.46
We found 2 important support areas.
- Support @9.38 from a horizontal line in the weekly time frame.
- Support @9.20 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.55 to 9.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.30 to 10.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MITK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MITK is neutral. |
| ChartMill Relative Strength | 39.67 | NEUTRAL | MITK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MITK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MITK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MITK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.33 | NEUTRAL | The RSI value for MITK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MITK has a negative trend. |
| Stochastics (14,3) | 21.65 | NEUTRAL | The Stochastics value for MITK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for MITK suggests some volalility. |
| Average Directional Index/ADX (14) | 29.2 | POSITIVE | The high ADX value value for MITK suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:MITK (7/15/2025, 2:10:04 PM)
9.5
-0.09 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.94%
1 Week-6.98%
2 Weeks-2.64%
1 Month-4.2%
3 Month25.36%
6 Month-4.86%
12 Month-20.74%
2 Year-6.07%
3 Year-11.86%
5 Year-6.53%
10 Year164.92%
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%2.88%
ATR Inc18.15%
Range Today0.25
ADR(20)0.26
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.67
Mansfield-0.57
10 Day High10.5
10 Day Low9.52
20 Day High10.5
20 Day Low9.41
52 Week High13.72
52 Week Low6.93
CS1 End9.55
CR1 Start10.3
Volume & EV
DER(3)-4.6%
DER(5)-3.71%
Volume195.16K
Volume Incr-33.67%
Vol(5)328.00K
Vol(50)468.34K