M & T BANK CORP (MTB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTB - US55261F1049 - Common Stock
We assign a technical rating of 8 out of 10 to MTB. 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
172.01
3 important support areas can be observed.
- A support zone ranging from 183.74 to 189.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 178.62 to 180.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @173.75 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 206.83 to 206.83. 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 | 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 | 60.68 | NEUTRAL | MTB is not amongst the best or worst performers 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) | 70.41 | OVERBOUGHT | The high RSI value suggests MTB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests MTB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.38 | OVERBOUGHT | The high Stochastics value suggests MTB may be overbought. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for MTB suggests low volalility. |
| Average Directional Index/ADX (14) | 33.31 | POSITIVE | The high ADX value value for MTB suggests a strong trend. |
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 |
|---|---|---|---|
| 206.84 | 196.07 | 10.77 (5.21%) | 19.21% |
| An entry @206.84. This is a Buy Stop order right above the resistance zone. | An exit @196.07. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 10.77 points, which is 5.21%. | When investing 19.21% 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.
206.82
+1 (+0.49%)
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.
Can you provide the trend direction for M & T BANK CORP?
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 70.4096. This indicates that the stock is currently overbought.
What is the short term momentum for MTB stock?
The short term momentum for M & T BANK CORP (MTB) is positive.
What is the buy/sell signal for 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.