M & T BANK CORP (MTB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTB - US55261F1049 - Common Stock
We assign a technical rating of 8 out of 10 to MTB. Although MTB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, MTB also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 211.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 208.54, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
173.33
5 important support areas can be observed.
- A support zone ranging from 204.05 to 208.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 188.65 to 191.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @183.74 from a horizontal line in the daily time frame.
- A support zone ranging from 178.62 to 180.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @175.08 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 211.69 to 213.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for MTB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTB is up. |
| ChartMill Relative Strength | 70.2 | POSITIVE | MTB has a high relative strength, it outperformed 70.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.97 | NEUTRAL | The RSI value for MTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests MTB has a negative trend. |
| Stochastics (14,3) | 70.43 | NEUTRAL | The Stochastics value for MTB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for MTB suggests low volalility. |
| Average Directional Index/ADX (14) | 27.81 | POSITIVE | The high ADX value value for MTB suggests a strong trend. |
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 |
|---|---|---|---|
| 213.63 | 204.04 | 9.59 (4.49%) | 22.28% |
| An entry @213.63. This is a Buy Stop order right above the resistance zone. | An exit @204.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.59 points, which is 4.49%. | When investing 22.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
209.16
-2.39 (-1.13%)
M & T BANK CORP / MTB FAQ
Can you provide the ChartMill technical rating for M & T BANK CORP?
ChartMill assigns a technical rating of 8 / 10 to MTB.
What is the trend direction for MTB stock?
The current trend direction for M & T BANK CORP (MTB) is Bullish.
What is the RSI signal for MTB stock?
M & T BANK CORP (MTB) has an RSI value of 58.9701. This indicates that the stock is currently neutral.
What is the short term momentum for M & T BANK CORP (MTB) stock?
The short term momentum for M & T BANK CORP (MTB) is positive.
What is the buy/sell signal for M & T BANK CORP (MTB) stock?
The buy/sell signal for M & T BANK CORP (MTB) is buy as both the short term and long term trends are positive.