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.
- 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 92% of all other stocks. We also observe that the gains produced by MITK over the past year are nicely spread over this period.
- MITK is part of the Software industry. There are 271 other stocks in this industry. MITK outperforms 94% of them.
- 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 12.97 - 14.82 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MITK Weekly and Daily overview Charts
MITK Setup Rating and Analysis
Besides having an excellent technical rating, MITK also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for MITK in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
MITK Support and Resistance Analysis
8.71
5 important support areas can be observed.
- A support zone ranging from 13.43 to 13.46. 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 13.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.53 from a trend line in the daily time frame.
- Support @9.68 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 | NEUTRAL | NEUTRAL | The short term trend for MITK is neutral. |
| ChartMill Relative Strength | 92.38 | POSITIVE | MITK has a high relative strength, it outperformed 92.38% 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) | 58.02 | NEUTRAL | The RSI value for MITK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MITK has a positive trend. |
| Stochastics (14,3) | 59.59 | NEUTRAL | The Stochastics value for MITK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for MITK suggests some volalility. |
| Average Directional Index/ADX (14) | 12.7 | 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 |
|---|---|---|---|
| 14.83 | 13.42 | 1.41 (9.51%) | 10.52% |
| An entry @14.83. This is a Buy Stop order right above the 10 day high. | An exit @13.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.41 points, which is 9.51%. | When investing 10.52% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
14.5
+0.43 (+3.06%)
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 58.0238. 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 13.46. Check the full technical report for our detailed analysis of MITK support and resistance levels.