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(MITK) Mitek Systems complete technical analysis [charts+indicators] | Buy/Sell Mitek Systems | (MITK) share price targets

Complete technical analysis of Mitek Systems (MITK) by charts plus indicators, forecast predictions and share price targets for Mitek Systems (MITK)

Mitek Systems trades in USA in Technology sector.

Showing technical analysis as on 2024-02-22 View latest technical analysis

10 day averaged volume of Mitek Systems is 356200

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	11.56	11.98	11.98	11.55	1.174 times
21 Wed Feb 2024	11.87	11.74	11.91	11.53	1.024 times
20 Tue Feb 2024	11.79	12.07	12.07	11.76	1.013 times
16 Fri Feb 2024	12.27	12.34	12.45	12.14	1.051 times
15 Thu Feb 2024	12.43	12.15	12.44	11.95	0.848 times
14 Wed Feb 2024	12.09	12.05	12.19	11.73	0.866 times
13 Tue Feb 2024	12.03	12.34	12.34	11.96	1.013 times
12 Mon Feb 2024	12.63	12.67	12.78	12.49	0.676 times
09 Fri Feb 2024	12.71	12.43	12.71	12.35	0.983 times
08 Thu Feb 2024	12.45	12.59	12.72	12.36	0.82 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 11.6, for a target of 12.1 or 12.45

Share price targets for Mitek Systems (MITK)

Target Type	Value
Downside Target	9.47
Downside Target	10.30
Downside Target	10.56
Downside Target	11.37
Upside Target	12.07
Upside Target	12.78
Upside Target	12.90
Upside Target	12.94
Upside Target	13.04
Upside Target	13.10
Upside Target	13.44

Intraday share price targets for Mitek Systems (MITK)

Target Type	Value
Downside Intraday Target	11.37
Downside Intraday Target	11.18
Upside Intraday Target	11.91
Upside Intraday Target	12.26
Upside Intraday Target	11.72

Weekly technical analysis of Mitek Systems (MITK)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	11.56	12.07	12.07	11.53	0.721 times
16 Fri Feb 2024	12.27	12.67	12.78	11.73	0.795 times
09 Fri Feb 2024	12.71	12.70	12.90	12.35	0.767 times
02 Fri Feb 2024	12.72	12.68	13.04	12.52	1.764 times
26 Fri Jan 2024	12.61	12.36	12.94	12.29	0.913 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mitek Systems (MITK)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	11.56	12.69	13.04	11.53	0.703 times
31 Wed Jan 2024	12.60	13.03	13.10	11.62	0.974 times
29 Fri Dec 2023	13.04	11.29	13.44	10.56	1.236 times
30 Thu Nov 2023	11.29	10.65	11.58	10.30	0.664 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mitek Systems (MITK)

Price action analysis of Mitek Systems ( (MITK) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mitek Systems ( (MITK) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mitek Systems ( (MITK) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mitek Systems ( (MITK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mitek Systems stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mitek Systems in short term and the sell signal is strong.

Mitek Systems Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mitek Systems in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mitek Systems is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.15 and Mitek Systems (MITK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mitek Systems (MITK) stock. Volume based technical analysis of Mitek Systems (MITK) stock is negative.

Mitek Systems Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.