RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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M&T Bank Corporation stock price ended at $144.80 on Wednesday, after gaining 2.53%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 5.15% PDF

The M&T Bank Corporation stock price gained 2.53% on the last trading day (Wednesday, 27th Mar 2024), rising from $141.23 to $144.80. During the last trading day the stock fluctuated 2.09% from a day low at $141.88 to a day high of $144.85. The price has risen in 6 of the last 10 days and is up by 1.12% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 815 thousand shares were bought and sold for approximately $118.05 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.74% during the next 3 months and, with a 90% probability hold a price between $140.57 and $155.15 at the end of this 3-month period.

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MTB Signals & Forecast

The M&T Bank Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $142.73 and $139.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.53%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for M&T Bank Corporation stock

M&T Bank Corporation finds support from accumulated volume at $139.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.97 between high and low, or 2.09%. For the last week the stock has had daily average volatility of 2.18%.

Our recommended stop-loss: $137.59 (-4.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (MTB) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect M&T Bank Corporation to open at $143.84, and during the day (based on 14 day Average True Range), to move between $141.31 and $148.29, which gives a possible trading interval of +/-$3.49 (+/-2.41%) up or down from last closing price. If M&T Bank Corporation takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $145.85 (0.73%) than the support at $139.39 (3.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is M&T Bank Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for M&T Bank Corporation stock to perform well in the short-term.

Current score: 3.043 Buy Candidate Unchanged

Predicted Opening Price for M&T Bank Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$143.84 ( 0.661%) $144.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MTB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 146.81 1.39 %
R2 145.68 0.607 %
R1 144.98 0.123 %
Current price: 144.80
Support S1 142.71 -1.44 %
S2 142.01 -1.93 %
S3 140.87 -2.71 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 145.85 0.725 %
Current price 144.80
Support S1 139.39 -3.74%
S2 132.88 -8.23%
S3 131.73 -9.03%

MTB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Mar 01, 2024 Mar 29, 2024 $1.30 0.90%
2 Nov 14, 2023 Nov 30, 2023 Dec 29, 2023 $1.30 0.95%
3 Aug 15, 2023 Aug 31, 2023 Sep 29, 2023 $1.30 1.03%
4 May 16, 2023 May 31, 2023 Jun 30, 2023 $1.30 1.05%
5 Feb 22, 2023 Mar 03, 2023 Jun 30, 2023 $1.30 1.05%

FAQ

What is the symbol for M&T Bank Corporation Stock and on which exchange is it traded?
The symbol for M&T Bank Corporation is MTB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell M&T Bank Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for M&T Bank Corporation stock to perform well in the short-term.

How to buy M&T Bank Corporation Stock?
M&T Bank Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy M&T Bank Corporation Stock.

What's the current price of M&T Bank Corporation Stock?
As of the end of day on the 2024-03-27, the price of an M&T Bank Corporation (MTB) share was $144.80.

What is the 52-week high and low for M&T Bank Corporation Stock?
The 52-week high for M&T Bank Corporation Stock is $148.23 and the 52-week low is $108.53.

What is the market capitalization of M&T Bank Corporation Stock?
As of the 2024-03-27, the market capitalization of M&T Bank Corporation is 23.532B.

When is the next earnings date for M&T Bank Corporation?
The upcoming earnings date for M&T Bank Corporation is Apr 15, 2024.
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About M&T Bank Corporation

M&T Bank M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers. The... MTB Profile

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