M & T BANK CORP (MTB) Stock Technical Analysis
NYSE:MTB - New York Stock Exchange, Inc. - US55261F1049 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to MTB. MTB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MTB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MTB has an average volume of 1367950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MTB is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MTB is an average performer in the Banks industry, it outperforms 57% of 395 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.
Although the technical rating is only medium, MTB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
155.00
189.62
We found 3 important support areas.
- A support zone ranging from 172.11 to 173.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @162.15 from a trend line in the weekly time frame.
- A support zone ranging from 156.57 to 157.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 183.20 to 187.74. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 75.76 | POSITIVE | MTB has a high relative strength, it outperformed 75.76% 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 | MIXED | The current price of MTB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.24 | NEUTRAL | The RSI value for MTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests MTB has a negative trend. |
| Stochastics (14,3) | 49.93 | NEUTRAL | The Stochastics value for MTB is a neutral value. |
| 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) | 31.06 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 187.75 | 177.10 | 10.65 (5.67%) | 17.63% |
| An entry @187.75. This is a Buy Stop order right above the resistance zone. | An exit @177.10. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 10.65 points, which is 5.67%. | When investing 17.63% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
182.64
-0.32 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.17%
1 Week1.12%
2 Weeks-2.32%
1 Month6.89%
3 Month-4.74%
6 Month-16.98%
12 Month20.47%
2 Year53.27%
3 Year1.48%
5 Year72.86%
10 Year51.09%
15 Year130.49%
Volatility
ATR(14)3.65
ATR(20)%2.02%
ATR Inc-48.03%
Range Today2.29
ADR(20)3.03
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.76
Mansfield-0.16
10 Day High188.4
10 Day Low177.11
20 Day High188.4
20 Day Low172.33
52 Week High225.7
52 Week Low139.78
CS1 End173.51
CR1 Start183.2
Volume & EV
DER(3)-1.23%
DER(5)-0.77%
Volume1.94M
Volume Incr28.65%
Vol(5)1.30M
Vol(50)1.37M