We assign a technical rating of 1 out of 10 to MITK. MITK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
MITK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 9.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.22, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.55
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.15 to 9.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.82 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.63 to 9.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for MITK is neutral. |
| ChartMill Relative Strength | 33.99 | NEUTRAL | MITK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MITK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MITK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MITK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.74 | NEUTRAL | The RSI value for MITK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MITK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.17 | NEUTRAL | The Stochastics value for MITK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MITK suggests some volalility. |
| Average Directional Index/ADX (14) | 11.66 | NEGATIVE | The low ADX value for MITK suggests a weak or negative trend. |
9.24
+0.01 (+0.11%)
MITEK SYSTEMS INC / MITK FAQ
What is the ChartMill technical rating of MITEK SYSTEMS INC (MITK) stock?
ChartMill assigns a technical rating of 1 / 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 53.7406. This indicates that the stock is currently neutral.
What is the MACD signal for MITK stock?
The MACD indicator for MITEK SYSTEMS INC (MITK) has a value of 0.0476722, indicating a bearish trend.
What is the short term momentum for MITK stock?
The short term momentum for MITEK SYSTEMS INC (MITK) is neutral.