MITEK SYSTEMS INC (MITK) Stock Technical Analysis
USA - NASDAQ:MITK - US6067102003 - Common Stock
Overall MITK gets a technical rating of 0 out of 10. 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 poor technical rating and the quality of the setup is also 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.
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8.71
2 important support areas can be observed.
- A support zone ranging from 8.96 to 8.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.80 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @8.98 from a horizontal line in the daily time frame.
- A resistance zone ranging from 9.21 to 9.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.86 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.25 to 10.34. 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 | DOWN | NEGATIVE | The long term trend for MITK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MITK is neutral. |
| ChartMill Relative Strength | 30 | 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) | DOWN | NEGATIVE | The current price of MITK is below 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) | 39.66 | NEUTRAL | The RSI value for MITK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MITK has a negative trend. |
| Stochastics (14,3) | 26.36 | NEUTRAL | The Stochastics value for MITK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for MITK suggests some volalility. |
| Average Directional Index/ADX (14) | 13.17 | NEGATIVE | The low ADX value for MITK suggests a weak or negative trend. |
8.97
-0.13 (-1.43%)
MITEK SYSTEMS INC / MITK FAQ
What is the ChartMill technical rating of MITEK SYSTEMS INC (MITK) stock?
ChartMill assigns a technical rating of 0 / 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 39.655. 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 -0.00257094, indicating a bearish trend.
What is the short term momentum for MITK stock?
The short term momentum for MITEK SYSTEMS INC (MITK) is neutral.