MITEK SYSTEMS INC (MITK) Technical Analysis
NASDAQ:MITK • US6067102003
Current stock price
MITK Technical Rating and Analysis
Overall MITK gets a technical rating of 10 out of 10. 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.
- Looking at the yearly performance, MITK did better than 92% of all other stocks.
- MITK is one of the better performing stocks in the Software industry, it outperforms 94% of 277 stocks in the same industry.
- MITK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MITK is performing more or less in line with the market.
- In the last month MITK has a been trading in the 12.23 - 15.61 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MITK Weekly and Daily overview Charts
MITK Setup Rating and Analysis
Besides having an excellent technical rating, MITK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
MITK Support and Resistance Analysis
8.71
When analyzing the support we can see 5 important areas.
- Support @14.29 from a trend line in the daily time frame.
- A support zone ranging from 13.86 to 13.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.21 from a trend line in the daily time frame.
- Support @9.51 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.
MITK Technical Indicator Signal Analysis
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 | 92.08 | POSITIVE | MITK has a high relative strength, it outperformed 92.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MITK is below 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) | 58.46 | NEUTRAL | The RSI value for MITK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests MITK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.51 | NEUTRAL | The Stochastics value for MITK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MITK suggests some volalility. |
| Average Directional Index/ADX (14) | 26.29 | POSITIVE | The high ADX value value for MITK suggests a strong trend. |
MITK Chart- and CandleStick Pattern Analysis
MITK Technicals: Chart, Performance Metrics, Trend & Indicators
14.3
0 (0%)
MITEK SYSTEMS INC / MITK TA FAQ
What is the ChartMill technical rating of MITEK SYSTEMS INC (MITK) stock?
ChartMill assigns a technical rating of 10 / 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 58.4587. 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 -0.184951, 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.