MTB Technical Signal Analysis
MTB have 5 buy signals and 6 sell signals now. The current trend is consolidation starting from 2025-02-06. The total price change during this trend is -15.59%. Recently, the price has decreased with an increase in volume, indicating a strong bearish signal. The average turnover of MTB over last 5 trading day is $269,834,437.93
5 Bullish Signal
6 Bearish Signal
Name
Signal
Value
Meaning
Relative Strength Index (14 days)
RSI_14 < 30
23.67
Bullish
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
7.15
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-113.18
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
5.29
Bullish
Williams %R (14 days)
WILLR_14 < -80
-93.94
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-18.53
Bearish
Momentum (10 days)
MOM_10 < 0
-18.97
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-6.7
Bearish
Closing price
close < fibonacci_S1
170.47
Bearish
Moving Average
Price crosses below 250-day SMA
--
Bearish
Moving Average
10-day SMA crosses below 200-day SMA
--
Bearish
5 Bullish Signal
Name
Signal
Value
Meaning
Relative Strength Index (14 days)
RSI_14 < 30
23.67
Bullish
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
7.15
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-113.18
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
5.29
Bullish
Williams %R (14 days)
WILLR_14 < -80
-93.94
Bullish
MTB Support and Resistance Level
The support levels for MTB are at 170.85, 165.14, and 155.9, while the resistance levels are at 189.33, 195.04, and 204.28. With the current stock price at 170.47, it is leaning more toward the support levels.
MTB Technical Analysis
Technical Analysis of M&T Bank (MTB) Stock
Current Price and Trend
As of the latest data, M&T Bank (MTB) is trading at $178.74. The stock has shown a mixed trend recently, with a high of $179.15 and a low of $174.30 during the trading session on 2025-03-07.
Key Technical Indicators
- RSI (14-period): 28.90 (Oversold territory, indicating potential buy signals).
- MACD: -4.73 (Bearish momentum, but nearing a potential crossover).
- Stochastic K (14,3,3): 12.92 (Deeply oversold, suggesting a reversal).
- Fibonacci Levels:
- Resistance 1: $193.21
- Support 1: $176.46
Bollinger Bands
The stock is currently trading near the lower Bollinger Band, which often signals oversold conditions and a potential bounce.
Volume Analysis
The volume of 1,615,450 shares traded on 2025-03-07 is moderate, indicating steady interest in the stock.
Fibonacci Pivot Points
- Pivot Point: $184.83
- Resistance 1: $193.21
- Support 1: $176.46
Recent News Impact
M&T Bank is scheduled to present at the RBC Financial Institutions Conference on March 5, 2025, which could positively impact the stock price.
Analyst Sentiment
Analysts have a "Moderate Buy" consensus on MTB, with a mean price target of $226.29, indicating a potential upside of 26.5% from current levels.
Conclusion
Based on the oversold RSI, stochastic, and Bollinger Bands, along with the upcoming event and positive analyst sentiment, the stock is likely to see a short-term bounce.
Recommendation: BUY at current levels with a target of $193.21 (Fibonacci Resistance 1).
MTB FAQs
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Is MTB a buy based on overall technical signals summary?
MTB Buy or Sell
MTB has 5 buy signals and 6 sell signals now. Overall the technical rating for MTB is Neutral.
Neutral
Sell
6
Buy
5
MTB Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 170.47 below the SMA_5. In the short term, the stock shows a negative trend with the 173.24 below the SMA_20. In the mid term, the stock shows a negative trend with the 186.64 below the SMA_60. In the long term, the stock shows a positive trend with the 192.23 above the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about MTB's current trend?What are MTB's key support and resistance levels?