How the price action of M&t Bank ($MTB) is used to our Advantage
May 26, 2023, 05:45 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MTB
- Buy MTB slightly over 107.61 target 126.54 stop loss @ 107.3 Details
The technical summary data tells us to buy MTB near 107.61 with an upside target of 126.54. This data also tells us to set a stop loss @ 107.3 to protect against excessive loss in case the stock begins to move against the trade. 107.61 is the first level of support below 121.09 , and by rule, any test of support is a buy signal. In this case, support 107.61 would be being tested, so a buy signal would exist.
- Short MTB slightly under 126.54, target 107.61, stop loss @ 126.91 Details
The technical summary data is suggesting a short of MTB as it gets near 126.54 with a downside target of 107.61. We should have a stop loss in place at 126.91though. 126.54 is the first level of resistance above 121.09, and by rule, any test of resistance is a short signal. In this case, if resistance 126.54 is being tested, so a short signal would exist.
Swing Trading Plans for MTB
- Buy MTB slightly over 121.69, target 126.54, Stop Loss @ 121.34 Details
If 121.69 begins to break higher, the technical summary data tells us to buy MTB just slightly over 121.69, with an upside target of 126.54. The data also tells us to set a stop loss @ 121.34 in case the stock turns against the trade. 121.69 is the first level of resistance above 121.09, and by rule, any break above resistance is a buy signal. In this case, 121.69, 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 121.69, target 107.61, Stop Loss @ 122.04. Details
The technical summary data is suggesting a short of MTB if it tests 121.69 with a downside target of 107.61. We should have a stop loss in place at 122.04 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, 121.69, 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 121.69, target 124.61, Stop Loss @ 121.41 Details
If 121.69 begins to break higher, the technical summary data tells us to buy MTB just slightly over 121.69, with an upside target of 124.61. The data also tells us to set a stop loss @ 121.41 in case the stock turns against the trade. 121.69 is the first level of resistance above 121.09, and by rule, any break above resistance is a buy signal. In this case, 121.69, 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 121.69, target 120.65, Stop Loss @ 121.97. Details
The technical summary data is suggesting a short of MTB if it tests 121.69 with a downside target of 120.65. We should have a stop loss in place at 121.97 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, 121.69, 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.
Real Time Updates are available on our M&t Bank (MTB) Page here: MTB.
MTB Ratings for May 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
107.61 |
| P2 |
120.65 |
121.69 |
126.54 |
| P3 |
124.61 |
127.21 |
145.16 |
Support and Resistance Plot Chart for MTB
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The M&t Bank (NYSE: MTB) data table below can help you with price action, and we have more details too. Trading plans for MTB are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MTB:
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