Technical Analysis for MITK - Mitek Systems, Inc.

Grade Last Price % Change Price Change
B 12.50 -1.26% -0.16
MITK closed down 2.16 percent on Wednesday, April 24, 2024, on 80 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish -1.26%
Oversold Stochastic Weakness -1.26%
Calm After Storm Range Contraction -3.40%
Strong but Oversold Other -3.40%
Up 3 Days in a Row Strength -3.40%
Oversold Stochastic Weakness -3.40%
MACD Bearish Centerline Cross Bearish -1.42%
Crossed Above 50 DMA Bullish -1.42%
Stochastic Buy Signal Bullish -1.42%
Strong but Oversold Other -1.42%

   Recent Intraday Alerts

Alert Time
50 DMA Resistance about 2 hours ago
60 Minute Opening Range Breakout about 3 hours ago
Fell Below Previous Day's Low about 4 hours ago
Down 2 % about 4 hours ago
Down 1% about 4 hours ago

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Profile

Mitek Systems, Inc. Description

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.


Classification

Sector: Technology
Industry: Software - Application
Keywords: Payment Systems E-Commerce Camera Software Application Transaction Account Mobile Telecommunications Mobile Payments Cognition Lock Box Mobile Solutions Mobile Deposit E Checks 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

Indicators

Indicator Value
52 Week High 16.24
52 Week Low 8.88
Average Volume 567,130
200-Day Moving Average 11.73
50-Day Moving Average 12.66
20-Day Moving Average 13.73
10-Day Moving Average 13.21
Average True Range 0.66
RSI (14) 44.44
ADX 20.58
+DI 33.08
-DI 28.46
Chandelier Exit (Long, 3 ATRs) 14.27
Chandelier Exit (Short, 3 ATRs) 13.80
Upper Bollinger Bands 15.58
Lower Bollinger Band 11.88
Percent B (%b) 0.21
BandWidth 26.96
MACD Line -0.07
MACD Signal Line 0.18
MACD Histogram -0.2448
Fundamentals Value
Market Cap 577.16 Million
Num Shares 45.6 Million
EPS 0.20
Price-to-Earnings (P/E) Ratio 63.30
Price-to-Sales 3.34
Price-to-Book 2.79
PEG Ratio 1.28
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.32
Resistance 3 (R3) 13.37 13.21 13.21
Resistance 2 (R2) 13.21 13.04 13.18 13.17
Resistance 1 (R1) 12.93 12.93 12.85 12.88 13.14
Pivot Point 12.77 12.77 12.73 12.74 12.77
Support 1 (S1) 12.49 12.60 12.41 12.44 12.18
Support 2 (S2) 12.33 12.49 12.30 12.15
Support 3 (S3) 12.05 12.33 12.11
Support 4 (S4) 12.00