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MITK Stock Analysis

Data source: Trade-Ideas Alerts | 4 alerts analyzed | Backtest period: 2023-08-30 → 2024-08-09

⚠️ Small sample size (4 alerts). Statistics may have high variance. Interpret with caution.

🏢 Company Profile

📍 NASDAQ 📅 IPO: Nov 16, 1987 🔗 www.miteksystems.com
💰 Market Cap: $486.7M 👥 Employees: 595
Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It serves more than 7,900 financial services organizations, financial technology (fintech) brands, telecommunications companies, and marketplace brands across the globe. The company's Mobile Deposit solution is used by consumers for mobile check deposits. 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.
📊
4
Total Alerts
🎯
50.0%
Win Rate (5MIN)
💰
+0.12%
Avg Gain (5MIN)
🚀
+3.98%
Avg MFE (Max Potential)

📈 Performance by Timeframe

5MIN

Win Rate: 50.0%
Avg Gain: +0.12%
Avg Winner: +0.99%
Avg Loser: -1.49%
Best: +1.33%
Worst: -1.49%
Trades: 2/1

15MIN

Win Rate: 33.3%
Avg Gain: -2.24%
Avg Winner: +4.79%
Avg Loser: -5.75%
Best: +4.79%
Worst: -6.75%
Trades: 1/2

30MIN

Win Rate: 50.0%
Avg Gain: -1.13%
Avg Winner: +2.99%
Avg Loser: -5.25%
Best: +5.72%
Worst: -5.79%
Trades: 2/2

60MIN

Win Rate: 25.0%
Avg Gain: -0.68%
Avg Winner: +10.37%
Avg Loser: -4.36%
Best: +10.37%
Worst: -7.18%
Trades: 1/3

EOD (End of Day)

Win Rate: 50.0%
Avg Gain: -1.30%
Avg Winner: +6.30%
Avg Loser: -8.90%
Best: +11.97%
Worst: -11.68%
Trades: 2/2

🚀 Max Favorable / Adverse Excursion (MFE/MAE)

Institutional-grade metrics showing the maximum profit potential and risk for each alert.

📈 MFE (Max Profit Potential)

Average MFE: +3.98%
Best MFE: +13.10%
Avg Time to MFE: 91 min

On average, MITK alerts reach +3.98% profit potential within 91 minutes.

📉 MAE (Max Drawdown Risk)

Average MAE: -1.91%
Worst MAE: -2.58%
Avg Time to MAE: 17 min

Before reaching MFE, expect an average drawdown of 1.91%.

⚖️ Risk/Reward Ratio

2.08:1

Excellent risk/reward - potential gain is 2.08x the typical drawdown.

💡 Trading Insight: Based on 4 alerts, MITK typically reaches +3.98% profit before pulling back. Consider setting profit targets around 3.2% to capture most of the move.

🌅 Premarket Gap Analysis (9:25 → 9:30)

Total Gaps Analyzed 4
Gap Up % 0.0%
Avg Gap -1.37%
Best Gap -0.18%

🏭 Sector Comparison: COMPUTER PERIPHERAL EQUIPMENT, NEC

How MITK compares to 11 other tickers in the same sector.

5-Min Gain
MITK: +0.17% Sector: -0.33% +0.50%
EOD Gain
MITK: -1.94% Sector: -11.36% +9.42%
Avg MFE
MITK: +4.59% Sector: +2.48% +2.11%

📋 Last 20 Alerts

Historical MITK alerts with performance metrics calculated from 1-minute price data. Each row shows the actual price movement at different timeframes after the alert.

Date Time Price 5min 15min 30min 60min EOD MFE MAE Gap Result
2024-08-09 09:28:50 $7.52 +1.33% +4.79% +5.72% +10.37% +11.97% +13.10% -2.26% -1.46% WIN
2024-04-17 09:27:53 $13.78 -1.49% -4.75% -4.72% -7.18% -11.68% -1.09% -2.58% -2.32% LOSS
2023-09-06 09:28:00 $13.74 +0.66% -6.75% -5.79% -5.46% -6.11% +1.75% -2.18% -1.53% WIN
2023-08-30 09:25:00 $11.17 - - +0.27% -0.45% +0.63% +2.15% -0.63% -0.18% -

Table Metrics Explained:

  • 5min/15min/30min/60min/EOD: Price change at each timeframe (calculated from real minute-by-minute data)
  • MFE: Maximum Favorable Excursion - highest profit potential reached during the day
  • MAE: Maximum Adverse Excursion - worst drawdown experienced before reaching MFE
  • Gap: Premarket price gap from 9:25 AM to 9:30 AM market open
  • Result: WIN if 5min change > 0%, LOSS otherwise

🚀 Beat the 50.0% Baseline on MITK

The 50.0% win rate is just the raw starting point. Launch the app to apply filters (Volume, RSI, Time) and see if you can push MITK's performance to 75%+.

Optimize MITK Strategy →

Why Analyze MITK with FILTRIX?

🛡️ Realistic Entry Simulation

We don't inflate stats. Our analysis tracks only the first alert of the day for MITK. This simulates a true "Gap & Go" entry at pre-market hours (9:25-9:30 AM), avoiding the trap of chasing a stock that has already extended.

💰 Max Potential (MFE) Analysis

How much is left in the move? On winning days, MITK historically offers an average upside of +3.98% intraday. Our data helps you distinguish between a quick scalp and a runner.

📊 MITK Momentum Personality

With a baseline win rate of 50.0%, MITK shows neutral behavior, suggesting the need for additional volume confirmation.

⏱️ Optimized Exit Timing

Don't guess when to sell. Our backtests show MITK performs best on the 5MIN timeframe (Avg Gain: +0.12%), signaling that gains often fade later in the session.