Technical Warning: MTB RSI Hits Overbought at $207.28

M&T Bank Corp (MTB) traded flat at $207.28 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($205.38) with a bullish stack. The 21-day EMA at $200.81 provides support.
• Momentum: RSI at 76.7 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (4.79 vs signal 4.59).
• Volatility: Bollinger Band width at 12.3% indicates normal volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $188.46, Resistance at $213.15.