USA • New York Stock Exchange • NYSE:MTB • US55261F1049
Taking everything into account, MTB scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MTB is showing a nice and steady performance.
Although MTB has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
174.64
7 important support areas can be observed.
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 | 81.92 | POSITIVE | MTB has a high relative strength, it outperformed 81.92% 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) | 81.49 | OVERBOUGHT | The high RSI value suggests MTB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.71 | POSITIVE | The MACD value suggests MTB has a positive trend. |
| Stochastics (14,3) | 93.51 | OVERBOUGHT | The high Stochastics value suggests MTB may be overbought. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for MTB suggests some volalility. |
| Average Directional Index/ADX (14) | 36.56 | POSITIVE | The high ADX value value for MTB suggests a strong trend. |
238.01
+4.07 (+1.74%)
ChartMill assigns a technical rating of 9 / 10 to MTB.
The current trend direction for M & T BANK CORP (MTB) is Bullish.
M & T BANK CORP (MTB) has an RSI value of 81.4932. This indicates that the stock is currently overbought.
The short term momentum for M & T BANK CORP (MTB) is positive.
The buy/sell signal for M & T BANK CORP (MTB) is buy as both the short term and long term trends are positive.