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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.

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- 1/2/2026 -
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M&T Bank Corp. (MTB) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal line
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It was the negative week for the M&T Bank Corp. (MTB). During the week, the MTB dropped -3.24 points, or -1.56%, and closed at 204.04 on Friday, January 2, 2026. It was the worst weekly loss since October 10, 2025. Weekly volume was -39% below average.

MTB is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See MTB long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 108.53 and reached 225.70 on November 25, 2024. MTB gained -117.17 points, or -107.96%, in 56 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (178.92) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See MTB medium-term trend chart]
A medium-term uptrend had started on October 16, 2025 at 174.76 and reached 208.26 on December 23, 2025. MTB gained -33.50 points, or -19.17%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 186.26 and resistance is at 211.94. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See MTB weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Relative Strength Index help.

The weekly MACD line is above its signal line since December 5, 2025. This is an indication that the medium-term trend is up. 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 December 23, 2025 at 208.26 and reached 199.62 on January 2, 2026. MTB lost 8.64 points, or 4.15%, in 10 days. The price is now at the 51.16% retracement level.

Daily Technical Indicators: [See MTB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.86
Williams' Percentage Range (W%R) 50.90
Lane's Stochastic (%D-Slow) 37.16
Greed/Fear Indicator (GFI) 44.03
Moving Average Converg./Diverg. (MACD) 4.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.75
Bearish
Williams' Percentage Range (W%R) 21.80
Lane's Stochastic (%D-Slow) 85.44
Overbought Bearish
Greed/Fear Indicator (GFI) 73.37
Moving Average Converg./Diverg. (MACD) 1.47 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 211.94
Upper Bollinger Band 209.45
Parabolic System 206.22
Weekly Stochastic Crossing 205.54
Price 204.04
20 Day Moving Average 203.22
Daily Stochastic Crossing 201.86
Lower Bollinger Band 194.02
50 Day Moving Average 192.63
Quarterly Trendline Resistance 187.27
Weekly Trendline Support 186.26
Quarterly Trendline Support 178.92
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Regional Banks 111
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 208.26
High Date 12/23/2025
Low 199.62
Low Date 01/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 211.94
Support 186.26
Low 174.76
Low Date 10/16/2025
High 208.26
High Date 12/23/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.80
Low Date 04/07/2025
High 208.26
High Date 12/23/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 187.27
Support 178.92
Low 108.53
Low Date 10/27/2023
High 225.70
High Date 11/25/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.09
Low Date 05/14/2020
High 225.70
High Date 11/25/2024
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.