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Mitek Systems, Inc.Mitek Systems, Inc.Mitek Systems, Inc.

Mitek Systems, Inc.

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MITK trade ideas

MITK - JULY 24 MATrend Unsustainable Momentum- D1 larger trend is aligned to our bearish direction - Gap is due to the 11 July Inflation report - 15M, 20SMA exit MATrend Unsustainable Momentum (Systematic) ⏪ The strategy identifies stocks (Tech sector ) that follows the larger market regime's momentum of the day and because they are unable to maintain it price breaks down quickly Tight stops aligned to the price behaviour we are trying to capture. Which is a rapid break of the momentum.
NASDAQ:MITKShort
by Ronin_trader
Mitek patented a service for voice-based device unlockingOn Friday, 24 May 2024, Mitek Systems, Inc., a solutions provider for digital user identification, announced the receipt of a patent to protect its voice authentication service. Although generative artificial intelligence (AI) has posed a serious threat to this sector, Mitek Systems intends to capitalise on the widespread business interest in biometrics implementation. Mitek Systems' patented technology is a sophisticated application of neural networks. It meticulously compares a voice to a reference sample, enabling it to detect and block any attempts at voice forgery. As described by ID R&D President Alexey Khitrov, this innovative approach to voice authentication maintains the simplicity of voice-based access and ensures its security, making it a potential game-changer in biometrics. Now, based on technical analysis, let's delve into potential trading opportunities for Mitek Systems, Inc. (NASDAQ: MITK). On the D1 timeframe, resistance formed at 16.25 USD with support at 11.90 USD. There is no clearly defined trend: quotes move within the channel. In the event of a downtrend, the target could reach 9.20 USD. Conversely, if an uptrend begins, the short-term target may become 19.20 USD upon rebound from the support level of 11.90 USD. In the medium term, the price could escalate to 23.40 USD. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:MITK
by RoboMarkets
$MITK Bearish To Bullish Reversal NASDAQ:MITK Bearish To Bullish Reversal, parallel down trend that started in September of 21. The break of the down trend started in August of last year and now its basing for over year. Perfect example of a bearish to bullish reversal. Mitek Systems, Inc. is a technology company specializing in digital identity verification and mobile capture solutions. They provide software solutions that allow businesses to verify the identity of customers remotely and securely, as well as capture and process documents and images using mobile devices. Mitek's technology is often used by financial institutions, online marketplaces, and other businesses that require a reliable and efficient way to verify the identity of their customers for compliance with regulations and to prevent fraud. Their solutions leverage advanced algorithms and artificial intelligence to analyze various forms of identification documents such as driver's licenses, passports, and IDs, as well as to perform facial recognition and biometric authentication.
NASDAQ:MITKLong
by AlgoTradeAlert
MITK - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow. WEEKLY: Right Chart MITK is overall bullish and now approaching a support zone in green 12.0-13.0 so we will be looking for buy setups on lower timeframes. DAILY: Left Chart MITK is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, MITK would be overall bearish can still trade lower inside the green support. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:MITKLong
by TheSignalyst
6
MITK might go higher after earnings NASDAQ:MITK The earnings for MITK are expected to be lower than estimated. Previously MITK continued by closing deals as well as fulfill the contracts and there weren’t any news about their ongoing lawsuit. Therefore I think they might beat the estimates of the analyst. This would mean that they continue their uptrend at least to the ATH at $ 23.3. Also they are still above the 100/50 sma. But before that I expect them to have a little pullback to the trendline (as you can see in the cahrt). This would mean, that they are in the overbought zone (RSI MACD...)and the trendline, the support line at $18 and the ema 200 could work together as a strong support. Those factors combined with strong earnings could result in a big move upwards. The only concerning thing rn is the pattern (SKS) and fundamentally the ongoing lawsuit.
NASDAQ:MITKLong
by KonradUlrich