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Mitek Systems, Inc. (MITK) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Computer peripheral equipment
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 16 Nov 2017NoneDojiFri, 20 Oct 2017-8.54%
***Stock database and scans are updated around midnight (New York time) every trading day.
8.78 0.00 (0%) Nov 16 4:00pm EST
Open: 8.75 Range: 8.70 - 8.92 Vol: 381.88K Avg Vol: 311.75K
EPS: 0.06 P/E ratio: 150.85 EBITDA: 5.39M Mkt Cap: 298.91M
Analyze "MITK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 8.87
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 9.04
Last Trade is below the 50 day moving average at 9.41
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 8.42
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MITK

Stock Trend Analysis - Buy, Sell or Hold "Mitek Systems, Inc." (MITK)?

MITK is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 60% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. The 20 day moving average is also in a trading range but however it has a bearish downside bias. These may be early indications of a trend reversal but it is still too early to confirm. The long term trend remains up and the higher probability trade is to selectively buy the dips. A successful test of the 200 SMA currently near 8.42 would be a good place to start scaling in a long position. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MITK".

The analyst consensus estimates for the 1 year price target for this stock is $12.31* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 16 Nov 2017
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