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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 2024-06-03 View latest technical analysis

10 day averaged volume of Mitek Systems is 551504

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	12.22	12.63	12.68	12.03	1.055 times
31 Fri May 2024	12.55	12.50	12.62	12.27	1.082 times
30 Thu May 2024	12.50	12.52	12.77	12.48	0.974 times
29 Wed May 2024	12.60	12.58	12.75	12.38	0.86 times
28 Tue May 2024	12.59	12.85	12.98	12.57	0.578 times
23 Thu May 2024	12.45	12.70	12.76	12.25	0.616 times
22 Wed May 2024	12.60	12.87	12.88	12.54	0.783 times
21 Tue May 2024	12.91	12.71	13.05	12.40	0.714 times
20 Mon May 2024	12.94	12.89	13.06	12.81	1.018 times
17 Fri May 2024	13.04	13.93	13.93	12.91	1.782 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.6, but if it comes above 12.6, then a intra day buy could be more profitable.
If you take a sell trade below 12.6, then use 12.6 as stoploss and 11.9 as target. However if you take a buy trade in stock , then use 12.6 as stoploss and 13.15 as target.

Share price targets for Mitek Systems (MITK)

Target Type	Value
Downside Target	11.15
Downside Target	11.83
Upside Target	12.68
Upside Target	13.04
Upside Target	13.06
Upside Target	13.15
Upside Target	13.75
Upside Target	14.23
Upside Target	14.32
Upside Target	16.24

Intraday share price targets for Mitek Systems (MITK)

Target Type	Value
Downside Intraday Target	11.94
Downside Intraday Target	11.66
Upside Intraday Target	12.59
Upside Intraday Target	12.96
Upside Intraday Target	12.31

Weekly technical analysis of Mitek Systems (MITK)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	12.22	12.63	12.68	12.03	0.302 times
31 Fri May 2024	12.55	12.85	12.98	12.27	1.116 times
23 Thu May 2024	12.45	12.89	13.06	12.25	0.389 times
17 Fri May 2024	13.04	13.59	14.32	12.83	2.106 times
10 Fri May 2024	13.37	13.48	13.75	13.15	0.893 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
03 Mon Jun 2024	12.22	12.63	12.68	12.03	0.049 times
31 Fri May 2024	12.55	12.69	14.32	12.25	0.704 times
30 Tue Apr 2024	12.63	14.12	16.24	11.83	1.793 times
28 Thu Mar 2024	14.10	11.64	14.23	11.15	1.283 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 gaining 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 BUY signal in short term but buying is losing 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 12.67 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 positive

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