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Weekly %D-Slow Divergence:Bullish
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 3/15/2024 -
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M&T Bank Corp. (MTB) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the M&T Bank Corp. (MTB). During the week, the MTB dropped -2.21 points, or -1.55%, and closed at 140.53 on Friday, March 15, 2024. Weekly volume was -24% 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 downtrend had started on August 16, 2022 at 193.42 and reached 108.53 on October 27, 2023. MTB lost 84.89 points, or 43.89%, in 62 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (107.88) is broken. A broken support is considered to be a long-term bullish signal. 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 27, 2023 at 108.53 and reached 148.23 on December 14, 2023. MTB gained -39.70 points, or -36.58%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (139.81) 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 medium-term trend.

Weekly Technical Indicators: [See MTB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 March 13, 2024 at 146.79 and reached 139.25 on March 15, 2024. MTB lost 7.54 points, or 5.14%, in 2 days. The price is now at the 16.98% retracement level.

Daily Technical Indicators: [See MTB daily technical indicators chart]
Daily technical indicators are neutral.

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.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (7.12%) is close to one year low (6.66%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.45
Williams' Percentage Range (W%R) 59.60
Lane's Stochastic (%D-Slow) 53.35
Greed/Fear Indicator (GFI) 51.41
Moving Average Converg./Diverg. (MACD) 1.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.27
Williams' Percentage Range (W%R) 22.60
Lane's Stochastic (%D-Slow) 61.84
Greed/Fear Indicator (GFI) 63.59
Moving Average Converg./Diverg. (MACD) 2.03
Trading Signals
Description Value Chart
Parabolic System 146.63
Upper Bollinger Band 145.12
Daily Stochastic Crossing 142.69
Weekly Stochastic Crossing 140.97
Price 140.53
20 Day Moving Average 139.99
Quarterly Trendline Support 139.81
Quarterly Trendline Resistance 139.48
50 Day Moving Average 137.85
Lower Bollinger Band 135.13
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Regional Banks 46
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 146.79
High Date 03/13/2024
Low 139.25
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 146.79
High Date 03/13/2024
Low 139.25
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 128.31
Low Date 02/01/2024
High 146.79
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 139.48
Support 139.81
Low 108.53
Low Date 10/27/2023
High 148.23
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 110.44
Support 107.88
High 193.42
High Date 08/16/2022
Low 108.53
Low Date 10/27/2023
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.