Technical Analysis for MTB - M&T Bank Corporation

Grade Last Price % Change Price Change
A 146.38 -0.35% -0.52
MTB closed down 0.35 percent on Friday, April 26, 2024, on 60 percent of normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Stochastic Sell Signal Bearish 0.00%
New 52 Week High Strength 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week High Strength -0.35%
Overbought Stochastic Strength -0.35%
New 52 Week Closing High Bullish -1.07%
Slingshot Bullish Bullish Swing Setup -1.07%
New 52 Week High Strength -1.07%
Outside Day Range Expansion -1.07%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 22 hours ago
New 52 Week High about 22 hours ago
Up 1% about 22 hours ago
Slingshot Bullish Entry 2 days ago
Rose Above Previous Day's High 2 days ago

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Profile

M&T Bank Corporation Description

M&T Bank Corporation operates as the holding company for M&T Bank that provide commercial and retail banking services to individuals, corporations, and other businesses and institutions. The company's Business Banking segment provides deposits, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides commercial lending and leasing, letters of credit, deposit products, and cash management services to middle-market and large commercial customers. The company's Commercial Real Estate segment offers commercial real estate loans secured by various types of multifamily residential and commercial real estate properties, as well as and deposit services. Its Discretionary Portfolio segment operations include investment and trading securities, and residential mortgage loans; short-term and long-term borrowed funds; brokered certificates of deposit and interest rate swap agreements; and Cayman Islands office deposits, as well as foreign exchange services. The company's Residential Mortgage Banking segment provides residential mortgage loans and sells those loans in the secondary market. This segment also purchases servicing rights to loans originated by other entities, as well as originates loans to developers of residential real estate properties. Its Retail Banking segment provides demand, savings, and time accounts; consumer installment loans, automobile loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company offers its products and services through banking office, business banking centers, telephone banking, Internet banking, and automated teller machines (ATMs). As of March 6, 2013, it operated approximately 727 branches and 2,000 ATMs located in New York, Maryland, Pennsylvania, Washington, District of Columbia, Virginia, West Virginia, and Delaware. The company was founded in 1856 and is headquartered in Buffalo, New York.


Classification

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: S&P 500 Banking Bank Deposit Products Loan Mortgage Loan Real Estate Loans Commercial Banking Commercial Bank Cash Management Cash Management Services Real Estate Properties Internet Banking Mortgage Banking Deposit Services Retail Banking Services Residential And Commercial Real Estate Interest Rate Swap Foreign Exchange Services Residential Mortgage Banking Residential Real Estate Properties Multifamily Residential And Commercial Real Estate

Is MTB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 148.93
52 Week Low 105.0738
Average Volume 1,102,861
200-Day Moving Average 130.69
50-Day Moving Average 140.59
20-Day Moving Average 140.98
10-Day Moving Average 143.38
Average True Range 3.44
RSI (14) 59.51
ADX 19.53
+DI 32.25
-DI 16.04
Chandelier Exit (Long, 3 ATRs) 138.61
Chandelier Exit (Short, 3 ATRs) 143.36
Upper Bollinger Bands 149.09
Lower Bollinger Band 132.86
Percent B (%b) 0.83
BandWidth 11.52
MACD Line 1.69
MACD Signal Line 0.75
MACD Histogram 0.9344
Fundamentals Value
Market Cap 24.32 Billion
Num Shares 166 Million
EPS 15.79
Price-to-Earnings (P/E) Ratio 9.27
Price-to-Sales 2.46
Price-to-Book 0.89
PEG Ratio 1.35
Dividend 5.20
Dividend Yield 3.55%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 150.38
Resistance 3 (R3) 150.78 149.86 149.71
Resistance 2 (R2) 149.86 148.84 149.65 149.49
Resistance 1 (R1) 148.12 148.21 147.66 147.71 149.27
Pivot Point 147.19 147.19 146.96 146.99 147.19
Support 1 (S1) 145.45 146.17 144.99 145.05 143.49
Support 2 (S2) 144.53 145.54 144.32 143.27
Support 3 (S3) 142.79 144.53 143.05
Support 4 (S4) 142.38