Question 1

What implications does the 10-day RSI indicator have for MITK?

Accepted Answer

The RSI Indicator for MITK moved out of oversold territory on August 19, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 17 similar instances when the indicator left oversold territory. In 13 of the 17 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

What does the Stochastic Oscillator suggest about MITK's trend?

Accepted Answer

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 52 of 67 cases where MITK's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 3

How did MITK's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved below the 0 level on August 05, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MITK as a result. In 69 of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 0%.

Question 4

What does MACD indicator imply for MITK?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for MITK turned negative on August 05, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In 35 of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 5

What is the significance of the 50-day moving average indicator for MITK?

Accepted Answer

MITK moved below its 50-day moving average on August 05, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 6

What is the significance of the 10-day moving average indicator for MITK?

Accepted Answer

The 10-day moving average for MITK crossed bearishly below the 50-day moving average on August 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 7

What does a 3-day price advance indicate for MITK?

Accepted Answer

Following a +3.07% 3-day Advance, the price is estimated to grow further. Considering data from situations where MITK advanced for three days, in 219 of 285 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 8

What does a 3-day decline signify for MITK's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MITK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 9

What does MITK breaking above its upper Bollinger Band indicate?

Accepted Answer

MITK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 10

How does the Aroon Indicator reflect on MITK's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 160 of 190 cases where MITK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

MITK Stock Mitek Systems (MITK, $12.75) Stochastic Oscillator left the oversold zone on June 05, 2024

MITK's RSI Indicator ascends from oversold territory

General Information