M & T BANK CORP (MTB)
US55261F1049 - Common Stock
Taking everything into account, MTB scores 7 out of 10 in our technical rating. In the last year, MTB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MTB is part of the Banks industry. There are 411 other stocks in this industry. MTB outperforms 78% of them.
A new 52 week high is currently being made by MTB, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so MTB is leading the market.
In the last month MTB has a been trading in the 133.03 - 148.25 range, which is quite wide. It is currently trading near the high of this range.
MTB has an average volume of 1114280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MTB is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
MTB has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
110.32
149.45
When analyzing the support we can see 4 important areas.
- A support zone ranging from 140.06 to 142.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 133.96 to 136.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 130.46 to 130.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @111.43 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 146.91 to 147.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.98
Mansfield0.27
10 Day High148.25
10 Day Low133.08
20 Day High148.25
20 Day Low133.03
52 Week High148.25
52 Week Low108.53
Performance
1 Week5.46%
2 Weeks8.67%
1 Month1.45%
3 Month3.8%
6 Month34.84%
12 Month16.77%
2 Year-11.85%
3 Year-6.84%
5 Year-13.62%
10 Year20.4%
15 Year180.08%
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)
Technical Indicators
MACD(12,26,9)1.05
RSI(14)60.6
LBB132.04
UBB149.87
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 147.98 | 140.05 | 7.93 (5.36%) | 18.66% |
| An entry @147.98. This is a Buy Stop order right above the resistance zone. | An exit @140.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.93 points, which is 5.36%. | For a 1.00% total portfolio risk, you can invest 18.66% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
M & T BANK CORP
NYSE:MTB (4/25/2024, 7:06:31 PM)
After market: 146.62 -0.28 (-0.19%)146.9
-1.06 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.72%
1 Week5.46%
2 Weeks8.67%
1 Month1.45%
3 Month3.8%
6 Month34.84%
12 Month16.77%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.82
ATR(20)%2.38%
ATR Inc
Range Today2.59
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High148.25
10 Day Low133.08
20 Day High148.25
20 Day Low133.03
52 Week High148.25
52 Week Low108.53
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume920.20K
Volume Incr-10.48%
Vol(5)958.22K
Vol(50)1.11M