MTB Stretched at $207.28, RSI Overbought
BearishM&T Bank Corp (MTB) traded flat at $207.28 on December 29.
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 $200.80 provides support.
Momentum
RSI at 76.3 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (4.81 vs signal 4.62).
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.