M&T Bank Corporation Warrants (MTB.W) Stock Technical Analysis
NYSE:MTB.W - New York Stock Exchange, Inc. -
Overall MTB.W gets a technical rating of 0 out of 10. MTB.W scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
74% of all other stocks performed better in the past year than MTB.W.
MTB.W is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MTB.W is lagging the market.
In the last month MTB.W has a been trading in the 70.14 - 96.20 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: MTB.W has an average volume of 1060 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
The technical rating of MTB.W is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
54.36
94.96
When analyzing the support we can see 2 important areas.
- Support @56.40 from a trend line in the weekly time frame.
- Support @54.91 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 92.42 to 94.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MTB.W is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTB.W is down. |
| ChartMill Relative Strength | 26.08 | NEGATIVE | MTB.W has a low relative strength, it was outperformed by 73.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTB.W is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTB.W is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTB.W is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.83 | OVERSOLD | The low RSI value suggests MTB.W may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.19 | NEGATIVE | The MACD value suggests MTB.W has a negative trend. |
| Stochastics (14,3) | 5.56 | OVERSOLD | The low Stochastics value suggests MTB.W may be oversold. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for MTB.W suggests some volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:MTB.W (12/19/2018, 8:04:06 PM)
71.76
-1.11 (-1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.52%
1 Week-22.84%
2 Weeks-25.41%
1 Month-21.7%
3 Month-30.33%
6 Month-34.21%
12 Month-19.26%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.56
ATR(20)%3.37%
ATR Inc101.35%
Range Today1.39
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.08
Mansfield-2.17
10 Day High95.85
10 Day Low70.14
20 Day High96.2
20 Day Low70.14
52 Week High122.09
52 Week Low68.29
CS1 End56.4
CR1 Start92.42
Volume & EV
DER(3)8.33%
DER(5)5%
Volume1.20K
Volume Incr-75.76%
Vol(5)400
Vol(50)1.06K