M & T BANK CORP (MTB) Stock Technical Analysis
NYSE:MTB - New York Stock Exchange, Inc. - US55261F1049 - Common Stock - Currency: USD
Overall MTB gets a technical rating of 7 out of 10. In the last year, MTB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
MTB is part of the Banks industry. There are 394 other stocks in this industry. MTB outperforms 79% of them.
In the last month MTB has a been trading in the 177.40 - 204.32 range, which is quite wide. It is currently trading near the high of this range.
MTB has an average volume of 1162840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MTB did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
MTB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MTB is lagging the market.
Although MTB has an excellent technical rating, it does not offer a high quality setup 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
164.97
205.74
We found 3 important support areas.
- A support zone ranging from 186.72 to 189.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 178.02 to 179.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @166.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 200.83 to 203.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | 79.95 | POSITIVE | MTB has a high relative strength, it outperformed 79.95% 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) | 56.8 | NEUTRAL | The RSI value for MTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MTB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.35 | NEUTRAL | The Stochastics value for MTB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for MTB suggests low volalility. |
| Average Directional Index/ADX (14) | 35.36 | POSITIVE | The high ADX value value for MTB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
197.28
-5.77 (-2.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.84%
1 Week-1.75%
2 Weeks1.7%
1 Month10.81%
3 Month23.12%
6 Month0.26%
12 Month19.38%
2 Year41.06%
3 Year11.18%
5 Year86.2%
10 Year50.42%
15 Year125.88%
Volatility
ATR(14)3.45
ATR(20)%1.82%
ATR Inc19.87%
Range Today5.38
ADR(20)3.34
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.95
Mansfield-0.09
10 Day High204.32
10 Day Low193.08
20 Day High204.32
20 Day Low177.4
52 Week High225.7
52 Week Low150.75
CS1 End189.22
CR1 Start200.83
Volume & EV
DER(3)2.11%
DER(5)1.93%
Volume1.74M
Volume Incr3.05%
Vol(5)1.25M
Vol(50)1.16M