M & T BANK CORP (MTB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTB - US55261F1049 - Common Stock
204.04 USD
+2.56 (+1.27%)
204.04 USD
0 (0%)
Taking everything into account, MTB scores 7 out of 10 in our technical rating. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
MTB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MTB is lagging the market slightly.
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.
When comparing the performance of all stocks over the past year, MTB turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
MTB is part of the Banks industry. There are 387 other stocks in this industry, MTB did better than 48% of them.
Besides having an excellent technical rating, MTB also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
172.45
209.36
We found 4 important support areas.
- A support zone ranging from 187.48 to 192.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @183.74 from a horizontal line in the daily time frame.
- 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 @174.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 204.05 to 207.29. 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 | NEUTRAL | NEUTRAL | The short term trend for MTB is neutral. |
| ChartMill Relative Strength | 62.4 | 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) | 58.63 | NEUTRAL | The RSI value for MTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.78 | NEGATIVE | The MACD value suggests MTB has a negative trend. |
| Stochastics (14,3) | 37.75 | NEUTRAL | The Stochastics value for MTB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for MTB suggests low volalility. |
| Average Directional Index/ADX (14) | 27.95 | 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)
204.04
+2.56 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.27%
1 Week-1.54%
2 Weeks-1.01%
1 Month4.3%
3 Month4.87%
6 Month0.72%
12 Month6.53%
2 Year47.75%
3 Year30.79%
5 Year54.03%
10 Year85.19%
15 Year135.97%
Volatility
ATR(14)3.21
ATR(20)%1.65%
ATR Inc19.19%
Range Today5.3
ADR(20)3.3
ADR(20)%1.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.4
3 months CRS79.71
6 months CRS43.06
Mansfield-0.21
10 Day High208.26
10 Day Low199.62
20 Day High208.26
20 Day Low193.93
52 Week High208.26
52 Week Low150.75
CS1 End192.63
CR1 Start204.05
Volume & EV
DER(3)-1.63%
DER(5)0.02%
Volume965.10K
Volume Incr-32.3%
Vol(5)651.54K
Vol(50)949.89K
M & T BANK CORP / MTB FAQ
Can you provide the ChartMill technical rating for M & T BANK CORP?
ChartMill assigns a technical rating of 7 / 10 to MTB.
What is the trend direction for MTB stock?
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 58.6329. This indicates that the stock is currently neutral.
What is the short term momentum for M & T BANK CORP (MTB) stock?
The short term momentum for M & T BANK CORP (MTB) is neutral.