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Market Overview
MTB closed at 216.83 on January 28, 2026, reflecting a modest increase of 0.39% from the previous close. Despite a 0.69% gain over the past 30 days, the stock remains in a downtrend, with the 5-day SMA at 215.96 below the 20-day SMA of 216.64, indicating bearish momentum. The 50-day and 200-day moving averages are not specified but the trend and RSI suggest continued weakness. Key support is near 214, while resistance is at 217.90. No specific upcoming events are noted, but institutional interest remains significant. Technical indicators show the stock near recent highs but still pressured by the prevailing downtrend. For information only.
Last Updated 1/29/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.