Technical Analysis for MITK - Mitek Systems, Inc.

Grade Last Price % Change Price Change
grade F 7.9 -0.50% -0.04
MITK closed down 0.5 percent on Tuesday, November 12, 2019, on 3.4 times normal volume. The bears made the stock sink to a new 52-week low. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical MITK trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Volume Surge Other 0.00%
Calm After Storm Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%

Older signals for MITK ...

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Profile
Mitek Systems, Inc. engages in the development, sale, and service of software solutions related to mobile imaging solutions and intelligent character recognition software. It provides Mobile Deposit, a software application that allows users to remotely deposit a check using their smartphone or tablet cameras; Mobile Photo Bill Pay, a mobile bill paying application that allows users to pay their bills; Mobile Balance Transfer, a product to transfer an existing credit card balance by capturing an image of the user's current credit card statement; Mobile Enrollment, an application that enables consumers to enroll their checking accounts as funding sources for mobile payments; and Mobile Photo Quoting, a product that enables users to receive insurance quotes. The company also offers character recognition toolkits under the brand ImageNet that provide accuracy in remittance processing, proof of deposit, and lock box processing applications. Its ImageNet products are used to reduce manual labor by automatically extracting amounts and routing information from checks and distinguishing between common document types, such as personal and business checks, substitute checks, pre-authorized drafts, and other document types. The company markets its mobile solutions directly, as well as through various channel partners to enterprise customers and end-users in the United States. Mitek Systems, Inc. was founded in 1983 and is headquartered in San Diego, California.
Financial Services E-Commerce Payment Systems Software Solutions Smartphone Mobile Telecommunications Software Application Transaction Account Mobile Payment OVI A Software Application Remote Deposit
Is MITK a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 13.07
52 Week Low 7.6
Average Volume 262,269
200-Day Moving Average 10.3976
50-Day Moving Average 9.6583
20-Day Moving Average 9.3998
10-Day Moving Average 9.187
Average True Range 0.3779
ADX 21.89
+DI 10.496
-DI 44.5734
Chandelier Exit (Long, 3 ATRs ) 8.8563
Chandelier Exit (Short, 3 ATRs ) 8.7337
Upper Bollinger Band 10.6141
Lower Bollinger Band 8.1855
Percent B (%b) -0.12
BandWidth 25.83672
MACD Line -0.3384
MACD Signal Line -0.1447
MACD Histogram -0.1937
Fundamentals Value
Market Cap 265.32 Million
Num Shares 33.6 Million
EPS 0.06
Price-to-Earnings (P/E) Ratio 131.67
Price-to-Sales 7.17
Price-to-Book 6.54
PEG Ratio 1.61
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.41
Resistance 3 (R3) 8.37 8.15 8.33
Resistance 2 (R2) 8.15 8.02 8.18 8.30
Resistance 1 (R1) 8.03 7.94 7.92 8.07 8.27
Pivot Point 7.81 7.81 7.76 7.84 7.81
Support 1 (S1) 7.69 7.68 7.58 7.73 7.53
Support 2 (S2) 7.47 7.60 7.50 7.50
Support 3 (S3) 7.35 7.47 7.48
Support 4 (S4) 7.39