MITEK SYSTEMS INC (MITK) Technical Analysis
NASDAQ:MITK • US6067102003
Current stock price
MITK Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to MITK. 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.
- 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!
- Looking at the yearly performance, MITK did better than 91% of all other stocks. On top of that, MITK also shows a nice and consistent pattern of rising prices.
- MITK is one of the better performing stocks in the Software industry, it outperforms 91% of 271 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 13.32 - 15.79 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
MITK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 15.16. Right above this resistance zone may be a good entry point.
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MITK Support and Resistance Analysis
8.71
When analyzing the support we can see 5 important areas.
- A support zone ranging from 14.19 to 14.33. 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 13.09 to 13.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.78 from a trend line in the daily time frame.
- Support @9.76 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.
We found 1 important resistance area.
- A resistance zone ranging from 15.16 to 15.26. 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 | NEUTRAL | NEUTRAL | The short term trend for MITK is neutral. |
| ChartMill Relative Strength | 91.86 | POSITIVE | MITK has a high relative strength, it outperformed 91.86% off all stocks 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) | 53.7 | NEUTRAL | The RSI value for MITK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MITK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.96 | NEUTRAL | The Stochastics value for MITK is a neutral value. |
| Average True Range in percent/ATR (20) | 5.23 | HIGH VOLATILITY | The high ATR as a percentage value for MITK suggests high volalility. |
| Average Directional Index/ADX (14) | 12.3 | NEGATIVE | The low ADX value for MITK suggests a weak or negative trend. |
MITK Chart- and CandleStick Pattern Analysis
MITK Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.27 | 14.18 | 1.09 (7.14%) | 14.01% |
| An entry @15.27. This is a Buy Stop order right above the resistance zone. | An exit @14.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.09 points, which is 7.14%. | For a 1.00% total portfolio risk, you can invest 14.01% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MITK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MITK Technicals: Chart, Performance Metrics, Trend & Indicators
14.54
+0.58 (+4.15%)
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.
Can you provide the RSI signal for MITEK SYSTEMS INC?
MITEK SYSTEMS INC (MITK) has an RSI value of 53.6984. This indicates that the stock is currently neutral.
What is the short term momentum for MITK stock?
The short term momentum for MITEK SYSTEMS INC (MITK) is neutral.
Can you provide the support and resistance levels for MITEK SYSTEMS INC?
MITEK SYSTEMS INC (MITK) has a support level at 14.33 and a resistance level at 15.16. Check the full technical report for our detailed analysis of MITK support and resistance levels.