M & T BANK CORP (MTB) Stock Technical Analysis
USA - NYSE:MTB - US55261F1049 - Common Stock
Overall MTB gets a technical rating of 0 out of 10. MTB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MTB does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 182.65, a Stop Loss order could be placed below this zone.
More info and screens
168.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 179.44 to 182.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @170.23 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 199.35 to 204.06. 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 | DOWN | NEGATIVE | The long term trend for MTB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTB is down. |
| ChartMill Relative Strength | 24.07 | NEGATIVE | MTB has a low relative strength, it was outperformed by 75.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.36 | NEUTRAL | The RSI value for MTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MTB has a positive trend. |
| Stochastics (14,3) | 46.59 | NEUTRAL | The Stochastics value for MTB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for MTB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.21 | NEUTRAL | The ADX value for MTB suggests a possible start of a new trend. |
182.92
-2.31 (-1.25%)
M & T BANK CORP / MTB FAQ
Can you provide the ChartMill technical rating for M & T BANK CORP?
ChartMill assigns a technical rating of 0 / 10 to MTB.
Can you provide the trend direction for M & T BANK CORP?
The current trend direction for M & T BANK CORP (MTB) is Bearish.
What is the RSI signal for MTB stock?
M & T BANK CORP (MTB) has an RSI value of 41.3626. This indicates that the stock is currently neutral.
What is the short term momentum for MTB stock?
The short term momentum for M & T BANK CORP (MTB) is negative.
What is the buy/sell signal for MTB stock?
The buy/sell signal for M & T BANK CORP (MTB) is sell as both the short term and long term trends are negative.