MITEK SYSTEMS INC (MITK) Stock Technical Analysis
NASDAQ:MITK • US6067102003
Taking everything into account, MITK scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MITK has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- MITK is one of the better performing stocks in the Software industry, it outperforms 95% of 276 stocks in the same industry.
- MITK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MITK is lagging the market slightly.
- In the last month MITK has a been trading in the 9.51 - 13.90 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, MITK did better than 89% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MITK has an excellent technical rating, it does not present a decent entry opportunity 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
8.71
3 important support areas can be observed.
- Support @9.86 from a trend line in the daily time frame.
- Support @9.35 from a trend line in the weekly time frame.
- A support zone ranging from 8.80 to 8.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.41 to 13.56. 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 | UP | POSITIVE | The short term trend for MITK is up. |
| ChartMill Relative Strength | 89.73 | POSITIVE | MITK has a high relative strength, it outperformed 89.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MITK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MITK is above 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) | 67.11 | NEUTRAL | The RSI value for MITK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests MITK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.51 | OVERBOUGHT | The high Stochastics value suggests MITK may be overbought. |
| Average True Range in percent/ATR (20) | 4.7 | MEDIUM VOLATILITY | The ATR as a percentage value for MITK suggests some volalility. |
| Average Directional Index/ADX (14) | 29.11 | POSITIVE | The high ADX value value for MITK suggests a strong trend. |
13.03
-0.17 (-1.29%)
MITEK SYSTEMS INC / MITK FAQ
What is the ChartMill technical rating of MITEK SYSTEMS INC (MITK) stock?
ChartMill assigns a technical rating of 9 / 10 to MITK.
What is the trend direction for MITK stock?
The current trend direction for MITEK SYSTEMS INC (MITK) is Bullish.
What is the RSI signal for MITEK SYSTEMS INC (MITK) stock?
MITEK SYSTEMS INC (MITK) has an RSI value of 67.1136. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MITEK SYSTEMS INC?
The MACD indicator for MITEK SYSTEMS INC (MITK) has a value of 0.252495, indicating a bearish trend.
What is the buy/sell signal for MITEK SYSTEMS INC (MITK) stock?
The buy/sell signal for MITEK SYSTEMS INC (MITK) is buy as both the short term and long term trends are positive.