M & T BANK CORP (MTB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTB - US55261F1049 - Common Stock
Taking everything into account, MTB scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MTB is only an average performer.
Although MTB has an excellent technical rating, the quality of the presented setup is not ideal 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
172.89
We found 5 important support areas.
- A support zone ranging from 199.35 to 207.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 188.15 to 190.81. 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.
- Strong support @179.44 from a horizontal line in the daily time frame.
- Support @174.64 from a trend line in the weekly time frame.
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 | 74.59 | POSITIVE | MTB has a high relative strength, it outperformed 74.59% 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) | 69.56 | NEUTRAL | The RSI value for MTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests MTB has a positive trend. |
| Stochastics (14,3) | 87.7 | OVERBOUGHT | The high Stochastics value suggests MTB may be overbought. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for MTB suggests low volalility. |
| Average Directional Index/ADX (14) | 27.73 | POSITIVE | The high ADX value value for MTB suggests a strong trend. |
213.61
+4.06 (+1.94%)
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 69.5593. 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.