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The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100. Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.
As of today (2026-07-24), Mitek Systems's 9-Day RSI is 32.12.
The industry rank for Mitek Systems's 9-Day RSI or its related term are showing as below:
FRA:MKQ's 9-Day RSI is ranked better than 96.29% of 2939
companies
in the Software industry
Industry Median: 45.18
vs FRA:MKQ: 32.12
Mitek Systems (FRA:MKQ) 9-Day RSI Explanation
The Relative Strength Index (RSI), developed by J. Welles Wilder in his book “New Concepts in Technical Trading Systems.”, is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100.
Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A RSI surpasses the 30 level indicates a bullish sign, when it slides below 70 level, it’s a bearish sign. This level can be adjusted depending on the security’s pattern and the market’s underlying trend. In an uptrend or bullish market, the RSI might range within a higher interval, investors could set the support level higher. If a downtrend or bearish market occurs, investors may need to lower the resistance level.
RSI can also be used in trading techniques to indicate the trading signal, such as Divergences and Swing Rejections. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.
Mitek Systems 9-Day RSI Related Terms
FRA:MKQ vs RDVT, GTM, IBTA: 9-Day RSI Comparison
For the Software - Application subindustry, Mitek Systems's 9-Day RSI, along with its competitors' market caps and 9-Day RSI data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mitek Systems 9-Day RSI vs Software Industry
For the Software industry and Technology sector, Mitek Systems's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Mitek Systems's 9-Day RSI falls into.
* Note that the formula uses a positive value for the average loss.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mitek Systems (FRA:MKQ) has a 9-Day RSI of 32.12 as of Jul. 24, 2026. According to the industry distribution chart, Mitek Systems ranks #109 out of 2939 companies in the Software industry, placing it in the top 3.7%.
Is Mitek Systems' 9-Day RSI too high?
Mitek Systems' current 9-Day RSI is 32.12. The Software industry median 9-Day RSI is 45.18. Mitek Systems' value of 32.12 is 28.9% below this industry median. Based on the distribution chart, Mitek Systems ranks #109 out of 2939 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Mitek Systems has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitek Systems' 9-Day RSI compare to RDVT and GTM?
According to the Software industry distribution chart, Mitek Systems ranks #109 out of 2939 companies for 9-Day RSI. This places Mitek Systems in the top 4% of its industry — outperforming the majority of peers. The industry median 9-Day RSI is 45.18. Mitek Systems' value of 32.12 is 28.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 9-Day RSI for a Software company?
The median 9-Day RSI among Software companies is 45.18, based on 2,939 companies in the industry. Companies in the top quartile (top 25%) have a 9-Day RSI significantly above this median, while those in the bottom quartile fall well below. However, 9-Day RSI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mitek Systems's current 9-Day RSI of 32.12 is 28.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 9-Day RSI mean?
A high 9-Day RSI can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median 9-Day RSI is 45.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitek Systems's current 9-Day RSI is 32.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitek Systems stock overvalued right now?
Based on GuruFocus' analysis, Mitek Systems (FRA:MKQ) is currently considered Significantly Overvalued. The stock's GF Value™ is €10.38, compared to a current price of €14.83 — trading 42.9% above its estimated fair value. The current 9-Day RSI is 32.12 and 28.9% below the Software industry median of 45.18. Mitek Systems' overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 9-Day RSI calculated?
9-Day RSI is calculated from a company's financial statements. For Mitek Systems (FRA:MKQ), the current 9-Day RSI is 32.12 as of Jul. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mitek Systems (FRA:MKQ) Overvalued in 2026?
Based on GuruFocus' analysis, Mitek Systems stock appears to be overvalued.
The current stock price of €14.83 is trading 42.9% above its estimated GF Value™ of €10.38.
GuruFocus considers Mitek Systems to be Significantly Overvalued.
Key valuation signals for FRA:MKQ:
9-Day RSI: 32.12
GF Value™: €10.38 vs. price of €14.83 (42.9% above fair value)
Industry Position: 28.9% below the Software median (#109 of 2939)
No single metric tells the full story. See the FRA:MKQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
81GF Score
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