M & T BANK CORP (MTB) Stock Technical Analysis
USA - NYSE:MTB - US55261F1049 - Common Stock
198.8 USD
+0.97 (+0.49%)
198.8 USD
0 (0%)
Overall MTB gets a technical rating of 6 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
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.
Looking at the yearly performance, MTB did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
MTB is an average performer in the Banks industry, it outperforms 63% of 391 stocks in the same industry.
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.
MTB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 197.61, a Stop Loss order could be placed below this zone.
More info and screens
170.04
203.25
4 important support areas can be observed.
- A support zone ranging from 192.73 to 197.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 183.73 to 184.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @179.44 from a horizontal line in the daily time frame.
- Support @171.76 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 199.50 to 201.24. 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 | 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 | 72.12 | POSITIVE | MTB has a high relative strength, it outperformed 72.12% 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) | 54.46 | NEUTRAL | The RSI value for MTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests MTB has a negative trend. |
| Stochastics (14,3) | 45.58 | NEUTRAL | The Stochastics value for MTB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for MTB suggests low volalility. |
| Average Directional Index/ADX (14) | 20.29 | NEUTRAL | The ADX value for MTB suggests a possible start of a new 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 |
|---|---|---|---|
| 201.25 | 195.60 | 5.65 (2.81%) | 25.00% |
| An entry @201.25. This is a Buy Stop order right above the resistance zone. | An exit @195.60. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.65 points, which is 2.81%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- 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.
198.8
+0.97 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.49%
1 Week-0.39%
2 Weeks-1%
1 Month2.5%
3 Month11.67%
6 Month13.22%
12 Month17.72%
2 Year57.22%
3 Year12.75%
5 Year115.88%
10 Year63.02%
15 Year143%
Volatility
ATR(14)3.46
ATR(20)%1.78%
ATR Inc-23.99%
Range Today2.83
ADR(20)3.29
ADR(20)%1.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.12
Mansfield-0.54
10 Day High203.96
10 Day Low195.61
20 Day High203.96
20 Day Low188.67
52 Week High225.7
52 Week Low150.75
CS1 End197.61
CR1 Start199.5
Volume & EV
DER(3)-1.63%
DER(5)-2.28%
Volume696.70K
Volume Incr-11.81%
Vol(5)771.52K
Vol(50)973.03K