Stock Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
M&T BANK (NYSE:MTB)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MTB
The long term trend has been UP since Oct 24th, 2017 at 166.8500
The intermediate term trend has been DOWN since Mar 22nd, 2018 at 185.8003
The short term trend has been DOWN since Mar 14th, 2018 at 192.4700
Smart Scan Analysis for MTB
Based on a pre-defined weighted trend formula for chart analysis, MTB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||197.37||Year High Date||2018-02-27|
|Year Low||170||Year Low Date||2018-01-02|
|52wk High||197.37||52wk High Date||2018-02-27|
|52wk Low||141.12||52wk Low Date||2017-09-07|
|Year End Close||98.47||Average Volume||627,173|
|Shares Outstanding||128,006||Short Interest||9,573,288|