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Downtrend Broken Resist.Archive
- 5/2/2025 -
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M&T Bank Corp. (MTB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the M&T Bank Corp. (MTB). During the week, the MTB gained 7.92 points, or 4.73%, and closed at 175.31 on Friday, May 2, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was -19% 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 price is now at the 43.01% retracement level.
 Medium-term trend: [See MTB medium-term trend chart]
A medium-term downtrend had started on November 25, 2024 at 225.70 and reached 150.80 on April 7, 2025. MTB lost 74.90 points, or 33.19%, in 19 weeks. The price is now at the 32.72% retracement level.
 Weekly Technical Indicators: [See MTB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 January 30, 2025 at 203.30 and reached 150.80 on April 7, 2025. MTB lost 52.50 points, or 25.82%, in 67 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (173.66). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
 Daily Technical Indicators: [See MTB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 21, 2025.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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