M&T BANK CORP. - Daily - Technical analysis published on 11/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 159.61 USD
My targets
166.49 USD (+2.14%)
170.60 USD (+4.66%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on M&T BANK CORP.. This is a positive signal for buyers. As long as the price remains above 159.61 USD, a purchase could be considered. The first bullish objective is located at 166.49 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 170.60 USD as an objective. Crossing it would then enable buyers to target 176.00 USD. In the event of a return below 159.61 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The M&T BANK CORP. rating is 163.00 USD. The price has increased by +1.41% since the last closing and was between 162.24 USD and 163.56 USD. This implies that the price is at +0.47% from its lowest and at -0.34% from its highest.162.24
163.56
163.00
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of M&T BANK CORP. in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 149.75 | 153.17 | 159.61 | 163.00 | 166.49 | 170.60 | 176.00 |
| Change (%) | -8.13% | -6.03% | -2.08% | - | +2.14% | +4.66% | +7.98% |
| Change | -13.25 | -9.83 | -3.39 | - | +3.49 | +7.60 | +13.00 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.49 | 153.43 | 154.98 | 155.92 | 157.47 | 158.41 | 159.96 |
| Camarilla | 155.85 | 156.07 | 156.30 | 156.53 | 156.76 | 156.99 | 157.22 |
| Woodie | 152.80 | 153.58 | 155.29 | 156.07 | 157.78 | 158.56 | 160.27 |
| Fibonacci | 153.43 | 154.38 | 154.97 | 155.92 | 156.87 | 157.46 | 158.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 146.34 | 149.15 | 152.87 | 155.68 | 159.40 | 162.21 | 165.93 |
| Camarilla | 154.78 | 155.38 | 155.98 | 156.58 | 157.18 | 157.78 | 158.38 |
| Woodie | 146.79 | 149.38 | 153.32 | 155.91 | 159.85 | 162.44 | 166.38 |
| Fibonacci | 149.15 | 151.65 | 153.19 | 155.68 | 158.18 | 159.72 | 162.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.36 | 141.18 | 148.86 | 154.68 | 162.36 | 168.18 | 175.86 |
| Camarilla | 152.82 | 154.06 | 155.29 | 156.53 | 157.77 | 159.01 | 160.24 |
| Woodie | 136.28 | 141.65 | 149.78 | 155.15 | 163.28 | 168.65 | 176.78 |
| Fibonacci | 141.18 | 146.34 | 149.53 | 154.68 | 159.84 | 163.03 | 168.18 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.39 | |
| MACD (12,26,9): | 1.0900 | |
| Directional Movement: | 5.45 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 157.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 154.37 | |
| Elder Ray (13): | 1.94 | |
| Super Trend (3,10): | 150.20 | |
| Zig ZAG (10): | 160.73 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 75.06 | |
| TEMA (21): | 158.37 | |
| Williams %R (14): | -0.10 | |
| Chande Momentum Oscillator (20): | 1.80 | |
| Repulse (5,40,3): | 3.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.85 |
| MA7: | 157.66 | |
| MA20: | 155.94 | |
| MA50: | 153.74 | |
| MA100: | 157.40 | |
| MAexp7: | 157.82 | |
| MAexp20: | 156.43 | |
| MAexp50: | 155.57 | |
| MAexp100: | 156.65 | |
| Price / MA7: | +3.39% | |
| Price / MA20: | +4.53% | |
| Price / MA50: | +6.02% | |
| Price / MA100: | +3.56% | |
| Price / MAexp7: | +3.28% | |
| Price / MAexp20: | +4.20% | |
| Price / MAexp50: | +4.78% | |
| Price / MAexp100: | +4.05% |
News
The last news published on M&T BANK CORP. at the time of the generation of this analysis was as follows:
- Investor Network: M&T BANK CORP to Host Earnings Call
- M&T Bank Corporation Announces Fourth Quarter Common Stock Dividend
- M&T Bank Increases Small Business Lending Across its Communities to Become 6th Largest SBA Lender in U.S.
- M&T Bank Corporation to Participate in BancAnalysts Association of Boston Conference
- M&T Bank Corporation Announces Third Quarter Results
This member declared not having a position on this financial instrument or a related financial instrument.
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