M & T BANK CORP (MTB) Stock Technical Analysis
NYSE:MTB - New York Stock Exchange, Inc. - US55261F1049 - Common Stock - Currency: USD
Taking everything into account, MTB scores 6 out of 10 in our technical rating. MTB was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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!
MTB is part of the Banks industry. There are 404 other stocks in this industry. MTB outperforms 71% of them.
MTB has an average volume of 1217260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MTB did better than 81% of all other stocks. However, we also see that MTB couldn't keep up this performance in the last couple of months.
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.
In the last month MTB has a been trading in a tight range between 193.77 and 203.32.
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 198.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 197.16, 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
176.66
224.18
3 important support areas can be observed.
- Support @195.87 from a horizontal line in the daily time frame.
- A support zone ranging from 185.41 to 190.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @178.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 196.42 to 200.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 221.13 to 221.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.31
Mansfield0.55
10 Day High202.32
10 Day Low195.43
20 Day High203.32
20 Day Low193.77
52 Week High225.7
52 Week Low133.03
Performance
1 Week-0.07%
2 Weeks-0.65%
1 Month0.95%
3 Month-10.7%
6 Month17.06%
12 Month42.98%
2 Year27.15%
3 Year8.35%
5 Year40.65%
10 Year63.18%
15 Year155.01%
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)
Technical Indicators
MACD(12,26,9)-0.14
RSI(14)48.4
LBB195.5
UBB202.17
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 |
|---|---|---|---|
| 200.88 | 195.86 | 5.02 (2.50%) | 25.00% |
| An entry @200.88. This is a Buy Stop order right above the resistance zone. | An exit @195.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.02 points, which is 2.50%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MTB. Please evaluate whether better entry and exit points can be found.
- 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.
NYSE:MTB (2/21/2025, 11:17:01 AM)
195.98
-1.47 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.74%
1 Week-0.07%
2 Weeks-0.65%
1 Month0.95%
3 Month-10.7%
6 Month17.06%
12 Month42.98%
2 Year27.15%
3 Year8.35%
5 Year40.65%
10 Year63.18%
15 Year155.01%
Volatility
ATR(14)3.43
ATR(20)%1.76%
ATR Inc4.1%
Range Today2.88
ADR(20)3.14
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.31
Mansfield0.55
10 Day High202.32
10 Day Low195.43
20 Day High203.32
20 Day Low193.77
52 Week High225.7
52 Week Low133.03
CS1 End197.16
CR1 Start198.99
Volume & EV
DER(3)-2.3%
DER(5)-0.84%
Volume308.83K
Volume Incr-18.92%
Vol(5)998.90K
Vol(50)1.22M