M & T BANK CORP (MTB) Stock Technical Analysis
USA - NYSE:MTB - US55261F1049 - Common Stock
188.07 USD
-1.51 (-0.8%)
188.07 USD
0 (0%)
Overall MTB gets a technical rating of 0 out of 10. MTB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, MTB is a bad performer in the overall market: 72% of all stocks are doing better.
MTB is one of the lesser performing stocks in the Banks industry. 72% of 392 stocks in the same industry do better.
In the last month MTB has a been trading in the 187.92 - 203.00 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
The technical rating of MTB is bad and it also does not present a quality setup 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
167.22
206.10
We found 3 important support areas.
- A support zone ranging from 188.06 to 188.06. 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 @168.91 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 194.49 to 196.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 200.69 to 204.06. 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 | NEUTRAL | NEUTRAL | The long term trend for MTB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTB is down. |
| ChartMill Relative Strength | 28.19 | NEGATIVE | MTB has a low relative strength, it was outperformed by 71.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTB is below a declining 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) | 32.3 | NEUTRAL | The RSI value for MTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.38 | NEGATIVE | The MACD value suggests MTB has a negative trend. |
| Stochastics (14,3) | 1.41 | OVERSOLD | The low Stochastics value suggests MTB may be oversold. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for MTB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.99 | 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)
188.07
-1.51 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.8%
1 Week-3.7%
2 Weeks-5.7%
1 Month-5.1%
3 Month-6.85%
6 Month19.07%
12 Month1.56%
2 Year66.8%
3 Year11.7%
5 Year81.57%
10 Year56.92%
15 Year151.6%
Volatility
ATR(14)3.78
ATR(20)%2.01%
ATR Inc-37.39%
Range Today2.69
ADR(20)3.75
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.19
Mansfield-1.22
10 Day High201.64
10 Day Low187.92
20 Day High203
20 Day Low187.92
52 Week High225.7
52 Week Low150.75
CS1 End188.06
CR1 Start194.49
Volume & EV
DER(3)2.07%
DER(5)2.06%
Volume790.80K
Volume Incr7.86%
Vol(5)1.13M
Vol(50)969.33K