The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 10/9/2026 -
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M&T Bank Corp. (MTB) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is oversoldBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range is oversoldDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the price
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It was the negative week for the M&T Bank Corp. (MTB). During the week, the MTB gave back -1.65 points, or -0.75%, and closed at 217.49 on Friday, October 9, 2026. Weekly volume was -8% below average.

Long-term trend: [See MTB long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 150.80 and reached 255.95 on August 17, 2026. MTB gained -105.15 points, or -69.73%, in 71 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (232.75) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MTB may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See MTB medium-term trend chart]
A medium-term uptrend had started on March 19, 2026 at 193.95 and reached 255.95 on August 17, 2026. MTB gained -62.00 points, or -31.97%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (225.34) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MTB may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See MTB weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since August 28, 2026. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See MTB short-term trend chart]
A short-term downtrend had started on August 17, 2026 at 255.95 and reached 211.71 on October 1, 2026. MTB lost 44.24 points, or 17.28%, in 45 days. The price is now at the 13.07% retracement level.

Daily Technical Indicators: [See MTB daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (218.23) comes close to the price (217.49). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.59
Williams' Percentage Range (W%R) 83.00
Oversold
Lane's Stochastic (%D-Slow) 57.95
Greed/Fear Indicator (GFI) 34.17
Moving Average Converg./Diverg. (MACD) -5.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.17
Williams' Percentage Range (W%R) 74.00
Lane's Stochastic (%D-Slow) 15.14
Oversold
Greed/Fear Indicator (GFI) 25.41
Moving Average Converg./Diverg. (MACD) 6.71
Trading Signals
Description Value Chart
50 Day Moving Average 235.46
Upper Bollinger Band 234.82
Monthly Trendline Support 232.75
Weekly Trendline Support 225.34
20 Day Moving Average 222.17
Parabolic System 218.23
Price 217.49
Daily Stochastic Crossing 217.28
Weekly Stochastic Crossing 216.60
Lower Bollinger Band 211.13
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Regional Banks 12
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 255.95
High Date 08/17/2026
Low 211.71
Low Date 10/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 269.86
Support 225.34
Low 193.95
Low Date 03/19/2026
High 255.95
High Date 08/17/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 277.75
Support 232.75
Low 150.80
Low Date 04/07/2025
High 255.95
High Date 08/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 108.53
Low Date 10/27/2023
High 255.95
High Date 08/17/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.09
Low Date 05/14/2020
High 255.95
High Date 08/17/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.