Is M&T Bank Corporation (NYSE:MTB) Invest-able with a Beta of 1.11?

Here I’ll take a look at the investor sentiment on M&T Bank Corporation (NYSE:MTB) and whether or not the shorts are taking control.  At the time of writing 1.16% shares are float short yielding a short ratio of 2.19.  Institutions have 0.05% compared to the last recorded 6 month period.  Weekly volatility moved 1.54% while monthly volatility changed 1.85%.  

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M&T Bank Corporation (NYSE:MTB) closed at $156.53 after seeing 579475 shares trade hands during the most recent session.  This represents a change of 0.19% from the opening.  The shares have moved 0.16% on the week.  The price target for the shares remains at 169.1  according to the sell-side brokerages covering the name.  

From time to time, investors may need to decide when to sell a winner. This can be one of the tougher portfolio decisions to make. When a winning stock keeps rising, it can be tough to part with it.

One technical indicator that may help gauge the strength of market momentum is the Average Directional Index or ADX. At the time of writing, the 14-day ADX for M&T Bank Corporation (NYSE:MTB) is standing at 10.41. The ADX was created by J. Welles Wilder to help determine how strong a trend is. In general, a rising ADX line means that an existing trend is gaining strength. The opposite would be the case for a falling ADX line. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

The simple moving average is the most common method used to calculate the moving average of prices.  It takes the sum of all of the past closing prices over a specific time period and divides the result by the number of prices used in the calculation.  M&T Bank Corporation’s 20-Day Simple Moving Average is 0.77%.  Extending back, their 50-Day Simple Moving Average is 2.04%, looking even further back, their 200-Day Simple Moving Average stands at -3.51%.  

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, M&T Bank Corporation (NYSE:MTB)’s Williams Percent Range or 14 day Williams %R is resting at -38.98. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

When performing stock analysis, investors and traders may opt to view technical levels. M&T Bank Corporation (NYSE:MTB) presently has a 14-day Commodity Channel Index (CCI) of -11.71. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.

Checking in on moving averages, the 200-day is at 162.24, the 50-day is 153.59, and the 7-day is sitting at 157.24. Moving averages may be used by investors and traders to shed some light on trading patterns for a specific stock. Moving averages can be used to help smooth information in order to provide a clearer picture of what is going on with the stock. Technical stock analysts may use a combination of different time periods in order to figure out the history of the equity and where it may be headed in the future. MA’s can be calculated for any time period, but two very popular time frames are the 50-day and 200-day moving averages.

Shifting gears to the Relative Strength Index, the 14-day RSI is currently sitting at 52.1, the 7-day is 50.71, and the 3-day is currently at 38.11 for M&T Bank Corporation (NYSE:MTB). The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns.

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