M & T BANK CORP (MTB) Stock Technical Analysis
NYSE:MTB - New York Stock Exchange, Inc. - US55261F1049 - Common Stock - Currency: USD
Taking everything into account, MTB scores 7 out of 10 in our technical rating. Although MTB has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Besides having an excellent technical rating, MTB also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 187.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 183.85, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
162.43
We found 2 important support areas.
- A support zone ranging from 175.94 to 183.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @164.07 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 187.73 to 187.74. 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 | NEUTRAL | NEUTRAL | The long term trend for MTB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTB is neutral. |
| ChartMill Relative Strength | 81.54 | POSITIVE | MTB has a high relative strength, it outperformed 81.54% 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 | MIXED | The current price of MTB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.67 | NEUTRAL | The RSI value for MTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests MTB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.27 | NEUTRAL | The Stochastics value for MTB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for MTB suggests low volalility. |
| Average Directional Index/ADX (14) | 19.83 | NEGATIVE | The low ADX value for MTB suggests a weak or negative 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 |
|---|---|---|---|
| 187.75 | 177.39 | 10.36 (5.52%) | 18.12% |
| An entry @187.75. This is a Buy Stop order right above the resistance zone. | An exit @177.39. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 10.36 points, which is 5.52%. | When investing 18.12% 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.
185.06
+3.36 (+1.85%)