Stock Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
MITEK SYSTEMS (NASDAQ:MITK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MITK
The long term trend has been UP since May 2nd, 2018 at 8.710
The intermediate term trend has been DOWN since Jul 27th, 2018 at 8.800
The short term trend has been DOWN since Aug 15th, 2018 at 8.475
Smart Scan Analysis for MITK
Based on a pre-defined weighted trend formula for chart analysis, MITK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||10||Year High Date||2018-01-17|
|Year Low||7||Year Low Date||2018-02-06|
|52wk High||10.55||52wk High Date||2017-08-23|
|52wk Low||7||52wk Low Date||2018-02-06|
|Year End Close||3.21||Average Volume||264,583|
|Shares Outstanding||26,041||Short Interest||4,826,976|