M & T BANK CORP (MTB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTB - US55261F1049 - Common Stock
We assign a technical rating of 3 out of 10 to MTB. In the past year, MTB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, MTB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 189.03, 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
170.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 178.62 to 189.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @171.99 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @197.58 from a trend line in the weekly time frame.
- A resistance zone ranging from 201.24 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 | NEUTRAL | NEUTRAL | The long term trend for MTB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTB is up. |
| ChartMill Relative Strength | 25.58 | NEGATIVE | MTB has a low relative strength, it was outperformed by 74.42% 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) | DOWN | MIXED | The current price of MTB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MTB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.68 | NEUTRAL | The RSI value for MTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.95 | POSITIVE | The MACD value suggests MTB has a positive trend. |
| Stochastics (14,3) | 80.94 | OVERBOUGHT | The high Stochastics value suggests MTB may be overbought. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for MTB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.2 | NEGATIVE | The low ADX value for MTB suggests a weak or negative trend. |
190.24
-1.34 (-0.7%)
M & T BANK CORP / MTB FAQ
Can you provide the ChartMill technical rating for M & T BANK CORP?
ChartMill assigns a technical rating of 3 / 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 57.6767. 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 positive.