M&T Bank Technical Analysis (NYSE:MTB)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The M&T Bank stock price data and volume are plotted in MTB stock charts and these trading charts form the basis of technical analysis.
See M&T Bank bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for M&T Bank stock analysis that does not care for the fair value of a company but uses price and volume data only.
M&T Bank Moving Average
Moving averages help predict the price direction of MTB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $192.38 is above the price of $188.69.
M&T Bank Bollinger Bands
Bollinger bands comprise of a center line usually MTB SMA, and two MTB stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. M&T Bank bollinger bands show that the stock price is $188.69, upper band is 197.18, lower band is 187.59, and the average is 192.38.
M&T Bank Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The M&T Bank MACD indicator can be used to identify bullish and bearish trends for the stock.
M&T Bank Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 42.84 is the RSI value of MTB stock.