10.06 USD
+0.82 (+8.87%)
9.8 USD
-0.26 (-2.58%)
Overall MITK gets a technical rating of 6 out of 10. MITK has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MITK is one of the better performing stocks in the Software industry, it outperforms 76% of 280 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 8.53 - 11.20 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.
When compared to the yearly performance of all other stocks, MITK outperforms 64% of them, which is more or less in line with the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MITK has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.55
10.67
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.21 to 9.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.83 to 8.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.64 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @10.15 from a trend line in the weekly time frame.
- Resistance @10.34 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.56 to 10.56. 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 | NEUTRAL | NEUTRAL | The long term trend for MITK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MITK is up. |
| ChartMill Relative Strength | 64.5 | NEUTRAL | MITK is not amongst the best or worst performers 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) | 71.47 | OVERBOUGHT | The high RSI value suggests MITK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MITK has a positive trend. |
| Stochastics (14,3) | 67.58 | NEUTRAL | The Stochastics value for MITK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for MITK suggests some volalility. |
| Average Directional Index/ADX (14) | 15.46 | NEGATIVE | The low ADX value for MITK suggests a weak or negative 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)
10.06
+0.82 (+8.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg8.87%
1 Week8.17%
2 Weeks13.54%
1 Month10.55%
3 Month-1.76%
6 Month3.5%
12 Month14.58%
2 Year-22.85%
3 Year3.82%
5 Year-43.42%
10 Year144.77%
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%3.47%
ATR Inc313.73%
Range Today1.29
ADR(20)0.31
ADR(20)%3.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.5
3 months CRS36.54
6 months CRS44.1
Mansfield-0.53
10 Day High11.2
10 Day Low8.76
20 Day High11.2
20 Day Low8.53
52 Week High11.78
52 Week Low6.93
CS1 End9.41
CR1 Start10.15
Volume & EV
DER(3)0.62%
DER(5)-1.93%
Volume3.58M
Volume Incr269.43%
Vol(5)1.52M
Vol(50)466.78K
MITEK SYSTEMS INC / MITK FAQ
What is the ChartMill technical rating of MITEK SYSTEMS INC (MITK) stock?
ChartMill assigns a technical rating of 6 / 10 to MITK.
Can you provide the trend direction for MITEK SYSTEMS INC?
The current trend direction for MITEK SYSTEMS INC (MITK) is Bearish.
What is the RSI signal for MITEK SYSTEMS INC (MITK) stock?
MITEK SYSTEMS INC (MITK) has an RSI value of 71.4679. This indicates that the stock is currently overbought.
What is the MACD signal for MITK stock?
The MACD indicator for MITEK SYSTEMS INC (MITK) has a value of 0.0966158, indicating a bearish trend.
What is the short term momentum for MITK stock?
The short term momentum for MITEK SYSTEMS INC (MITK) is positive.