M & T BANK CORP (MTB) Technical Analysis
NYSE:MTB • US55261F1049
Current stock price
MTB Technical Rating and Analysis
Taking everything into account, MTB scores 4 out of 10 in our technical rating. In the last year, MTB was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- When comparing the yearly performance of all stocks, we notice that MTB is one of the better performing stocks in the market, outperforming 72% of all stocks.
- In the last month MTB has a been trading in the 193.94 - 212.42 range, which is quite wide. It is currently trading near the high of this range.
- MTB has an average volume of 1292920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- MTB is an average performer in the Banks industry, it outperforms 55% of 380 stocks in the same industry.
- MTB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MTB is lagging the market slightly.
MTB Weekly and Daily overview Charts
MTB Setup Rating and Analysis
MTB has an average technical rating and also 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
MTB Support and Resistance Analysis
173.64
When analyzing the support we can see 5 important areas.
- A support zone ranging from 202.68 to 204.10. 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 196.23 to 198.71. 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.
- Support @180.66 from a horizontal line in the weekly time frame.
- Support @175.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 238.02 to 238.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
MTB Technical Indicator Signal Analysis
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 | 72.85 | POSITIVE | MTB has a high relative strength, it outperformed 72.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MTB is above 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) | UP | POSITIVE | The current price of MTB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.84 | NEUTRAL | The RSI value for MTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.71 | POSITIVE | The MACD value suggests MTB has a positive trend. |
| Stochastics (14,3) | 91.02 | OVERBOUGHT | The high Stochastics value suggests MTB may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for MTB suggests some volalility. |
| Average Directional Index/ADX (14) | 29.2 | POSITIVE | The high ADX value value for MTB suggests a strong trend. |
MTB Chart- and CandleStick Pattern Analysis
MTB Technicals: Chart, Performance Metrics, Trend & Indicators
210.16
+1.18 (+0.56%)
M & T BANK CORP / MTB TA FAQ
Can you provide the ChartMill technical rating for M & T BANK CORP?
ChartMill assigns a technical rating of 4 / 10 to MTB.
What is the trend direction for MTB stock?
The current trend direction for M & T BANK CORP (MTB) is Bearish.
What is the RSI signal for M & T BANK CORP (MTB) stock?
M & T BANK CORP (MTB) has an RSI value of 53.8357. This indicates that the stock is currently neutral.
What is the MACD signal for MTB stock?
The MACD indicator for M & T BANK CORP (MTB) has a value of 1.71117, indicating a bullish trend.
Can you provide the short term momentum for M & T BANK CORP?
The short term momentum for M & T BANK CORP (MTB) is neutral.