MITEK SYSTEMS INC (MITK) Stock Technical Analysis
NASDAQ:MITK - Nasdaq - US6067102003 - Common Stock - Currency: USD
Taking everything into account, MITK scores 4 out of 10 in our technical rating. In the last year, MITK was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
75% of all other stocks performed better in the past year than MITK.
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 284 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 trading in the upper part of its 52 week range, so MITK is lagging the market slightly.
In the last month MITK has a been trading in the 9.06 - 10.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MITK has an average technical rating and the quality of the presented setup is also not ideal 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
8.94
10.45
We found 1 important support area.
- A support zone ranging from 9.03 to 9.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.26 to 10.35. 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 | 25.98 | NEGATIVE | MITK has a low relative strength, it was outperformed by 74.02% off all stocks 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 | 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) | 46.97 | NEUTRAL | The RSI value for MITK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests MITK has a negative trend. |
| Stochastics (14,3) | 33.89 | NEUTRAL | The Stochastics value for MITK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for MITK suggests some volalility. |
| Average Directional Index/ADX (14) | 39.28 | 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)
9.46
-0.11 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.15%
1 Week-5.49%
2 Weeks-3.57%
1 Month-0.94%
3 Month3.16%
6 Month-17.24%
12 Month-18.02%
2 Year-12.73%
3 Year2.38%
5 Year-1.56%
10 Year149.6%
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%2.86%
ATR Inc-6.61%
Range Today0.22
ADR(20)0.26
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.98
Mansfield-0.45
10 Day High10.45
10 Day Low9.43
20 Day High10.45
20 Day Low9.06
52 Week High13.72
52 Week Low6.93
CS1 End9.38
CR1 Start10.26
Volume & EV
DER(3)1.24%
DER(5)2.11%
Volume1.31M
Volume Incr27.39%
Vol(5)548.84K
Vol(50)440.06K