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.

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- 1/16/2026 -
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M&T Bank Corp. (MTB) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
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It was a second consecutive positive week for the M&T Bank Corp. (MTB). During the week, the MTB climbed 0.60 points, or 0.28%, and closed at 212.28 on Friday, January 16, 2026. Weekly volume was 8% above 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 (180.23) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 215.71 on January 16, 2026. MTB gained -40.95 points, or -23.43%, in 13 weeks. The price is now at the 8.38% retracement level.

Weekly Technical Indicators: [See MTB weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range 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 uptrend had started on January 2, 2026 at 199.62 and reached 215.71 on January 16, 2026. MTB gained -16.09 points, or -8.06%, in 14 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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) 58.43
Williams' Percentage Range (W%R) 19.90
Overbought
Lane's Stochastic (%D-Slow) 68.15
Greed/Fear Indicator (GFI) 68.88
Moving Average Converg./Diverg. (MACD) 3.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.36
Overbought
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 90.59
Strong Overbought
Greed/Fear Indicator (GFI) 82.39
Overbought
Moving Average Converg./Diverg. (MACD) 2.51
Trading Signals
Description Value Chart
Parabolic System 215.71
Upper Bollinger Band 214.40
Daily Stochastic Crossing 212.28
Price 212.28
Weekly Stochastic Crossing 212.21
20 Day Moving Average 208.10
Lower Bollinger Band 200.71
50 Day Moving Average 198.36
Quarterly Trendline Resistance 185.87
Quarterly Trendline Support 180.23
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Regional Banks 112
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 199.62
Low Date 01/02/2026
High 215.71
High Date 01/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 174.76
Low Date 10/16/2025
High 215.71
High Date 01/16/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.80
Low Date 04/07/2025
High 215.71
High Date 01/16/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 185.87
Support 180.23
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.