When the Price of M&t Bank $MTB Talks, People Listen

September 29, 2023, 02:00 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MTB

• Buy MTB slightly over 115.32 target 130.92 stop loss @ 114.99 Details

The technical summary data tells us to buy MTB near 115.32 with an upside target of 130.92. This data also tells us to set a stop loss @ 114.99 to protect against excessive loss in case the stock begins to move against the trade. 115.32 is the first level of support below 126.46 , and by rule, any test of support is a buy signal. In this case, support 115.32 is being tested, a buy signal would exist.

• Short MTB slightly under 130.92, target 115.32, stop loss @ 131.3 Details

The technical summary data is suggesting a short of MTB as it gets near 130.92 with a downside target of 115.32. We should have a stop loss in place at 131.3though. 130.92 is the first level of resistance above 126.46, and by rule, any test of resistance is a short signal. In this case, if resistance 130.92 is being tested, a short signal would exist.

Swing Trading Plans for MTB

• Buy MTB slightly over 130.92, target n/a, Stop Loss @ 130.54 Details

If 130.92 begins to break higher, the technical summary data tells us to buy MTB just slightly over 130.92, with an upside target of n/a. The data also tells us to set a stop loss @ 130.54 in case the stock turns against the trade. 130.92 is the first level of resistance above 126.46, and by rule, any break above resistance is a buy signal. In this case, 130.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MTB slightly near 130.92, target 126.36, Stop Loss @ 131.3. Details

The technical summary data is suggesting a short of MTB if it tests 130.92 with a downside target of 126.36. We should have a stop loss in place at 131.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 130.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MTB

• Buy MTB slightly over 130.92, target n/a, Stop Loss @ 130.61 Details

If 130.92 begins to break higher, the technical summary data tells us to buy MTB just slightly over 130.92, with an upside target of n/a. The data also tells us to set a stop loss @ 130.61 in case the stock turns against the trade. 130.92 is the first level of resistance above 126.46, and by rule, any break above resistance is a buy signal. In this case, 130.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MTB slightly near 130.92, target 126.36, Stop Loss @ 131.23. Details

The technical summary data is suggesting a short of MTB if it tests 130.92 with a downside target of 126.36. We should have a stop loss in place at 131.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 130.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for M&t Bank (MTB) available here: MTB.

MTB Ratings for September 29:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Weak
P1	0	0	98.84
P2	123.19	123.13	115.32
P3	126.02	126.36	130.92

AI Generated Signals for MTB

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of M&t Bank (NYSE: MTB) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for MTB can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.