Analyzing the options chain and the chart patterns of MITK Mitek Systems prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $1.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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...
Information to have in mind:
I've graphed a few historic values that most analysts have in their notes.
Mitek Systems, Inc. reports their earnings 04/04/23 AMC: I'm anticipating the market will buy the surprise.
The %B is at a good value to "signal a continuation".
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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...
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...
MITK - earnings begin november, last time it delivered strong results, I expect a pre-earnings uptrend
Down with overall weak market, built a base, accumulated, now is looking to bounce from 20 MA
Can go to the upper side of the general uptrend channel
MACD, RSI confirmed the short term uptrend as well
MITK - an IT security company could be setting up nicely for a rebound. Above 15.8 with a tight stop loss could be a good risk/reward entry.
Supported by rising MCAD and RSI.
Buy signal on a Daily candle, with 8 confirmations on Friday, including large volume.
Happy Trading, from CJ -- aka the greatest FURU.
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Hi again! MITK looks good to push into the 13.50ish range! Long at 13.05 with a modest target of 13.57. If not comfortable, we might get a pullback to 12.80 for a better entry if the pennant on the daily doesn't do what it's supposed to.
