Mitek Systems Inc (MITK) Stock: What Does the Chart Say Wednesday?

The market has been high on Mitek Systems Inc (MITK) stock recently. MITK gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Mitek Systems Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MITK!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With MITK Stock Today?

Mitek Systems Inc (MITK) stock is trading at $11.37 as of 9:52 AM on Wednesday, Nov 29, an increase of $0.06, or 0.53% from the previous closing price of $11.31. The stock has traded between $11.03 and $11.42 so far today. Volume today is light. So far 82,287 shares have traded compared to average volume of 421,345 shares.

More About Mitek Systems Inc

Mitek Systems Inc offers mobile capture and identity verification software solutions for enterprises. The firm is a software development company in computer vision, artificial intelligence, and machine learning. It is serving more than 7,500 financial services organizations and leading marketplace and financial technology brands across the globe. Mitek's Mobile Deposit solution is used by consumers for mobile check deposit. The company's Mobile Verify verifies a user's identity online enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile. Click Here to get the full Stock Report for Mitek Systems Inc stock.