M & T BANK CORP (MTB) Stock Technical Analysis
USA - NYSE:MTB - US55261F1049 - Common Stock
200.43 USD
+1.83 (+0.92%)
200.43 USD
0 (0%)
Overall MTB gets a technical rating of 6 out of 10. Although MTB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month MTB has a been trading in the 190.77 - 203.96 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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 60% of all stocks.
MTB is an average performer in the Banks industry, it outperforms 44% of 392 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. There is a resistance zone just above the current price starting at 200.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 200.20, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
170.69
203.25
We found 5 important support areas.
- A support zone ranging from 194.17 to 200.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @188.22 from a trend line in the daily time frame.
- 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 @172.41 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 200.87 to 201.24. 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 | NEUTRAL | NEUTRAL | The short term trend for MTB is neutral. |
| ChartMill Relative Strength | 60.84 | 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) | DOWN | MIXED | The current price of MTB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.99 | NEUTRAL | The RSI value for MTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests MTB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.13 | NEUTRAL | The Stochastics value for MTB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for MTB suggests low volalility. |
| Average Directional Index/ADX (14) | 17.23 | NEGATIVE | The low ADX value for MTB suggests a weak or negative 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 | 194.16 | 7.09 (3.52%) | 25.00% |
| An entry @201.25. This is a Buy Stop order right above the resistance zone. | An exit @194.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.09 points, which is 3.52%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%. |
- 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.
200.43
+1.83 (+0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.92%
1 Week1.31%
2 Weeks-0.95%
1 Month3.75%
3 Month8.31%
6 Month12.44%
12 Month11.62%
2 Year58.51%
3 Year13.67%
5 Year117.65%
10 Year64.35%
15 Year144.99%
Volatility
ATR(14)3.82
ATR(20)%1.88%
ATR Inc26.09%
Range Today3.25
ADR(20)3.56
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.84
Mansfield-0.52
10 Day High203.96
10 Day Low192.67
20 Day High203.96
20 Day Low190.77
52 Week High225.7
52 Week Low150.75
CS1 End200.2
CR1 Start200.87
Volume & EV
DER(3)0.21%
DER(5)-0.67%
Volume984.50K
Volume Incr1.3%
Vol(5)857.88K
Vol(50)976.57K