METLIFE INC (MET) Stock Technical Analysis
USA - NYSE:MET - US59156R1086 - Common Stock
81.62 USD
+1.34 (+1.67%)
81.76 USD
+0.14 (+0.17%)
We assign a technical rating of 5 out of 10 to MET. In the last year, MET was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, MET is a bad performer in the overall market: 62% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MET has an average volume of 3455000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MET is an average performer in the Insurance industry, it outperforms 52% of 146 stocks in the same industry.
MET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MET is lagging the market.
In the last month MET has a been trading in a tight range between 77.86 and 82.31.
Although the technical rating is only medium, MET does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 81.19, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
67.86
89.13
When analyzing the support we can see 5 important areas.
- A support zone ranging from 78.58 to 81.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.10 to 76.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 73.82 to 74.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 70.14 to 70.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @68.55 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @84.18 from a horizontal line in the daily time frame.
- A resistance zone ranging from 88.23 to 88.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MET is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MET is up. |
| ChartMill Relative Strength | 38.06 | NEUTRAL | MET is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MET is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.71 | NEUTRAL | The RSI value for MET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MET has a positive trend. |
| Stochastics (14,3) | 73.26 | NEUTRAL | The Stochastics value for MET is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for MET suggests low volalility. |
| Average Directional Index/ADX (14) | 12.08 | NEGATIVE | The low ADX value for MET suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
81.62
+1.34 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.67%
1 Week3.11%
2 Weeks0.99%
1 Month1.01%
3 Month1.56%
6 Month3.02%
12 Month-1.04%
2 Year29.74%
3 Year34.29%
5 Year119.59%
10 Year-84.26%
15 Year-80.7%
Volatility
ATR(14)1.47
ATR(20)%1.93%
ATR Inc-10.48%
Range Today1.17
ADR(20)1.53
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.06
Mansfield-0.87
10 Day High81.88
10 Day Low77.89
20 Day High82.31
20 Day Low77.86
52 Week High89.05
52 Week Low65.21
CS1 End81.19
CR1 Start84.18
Volume & EV
DER(3)2.02%
DER(5)1.24%
Volume2.35M
Volume Incr11.06%
Vol(5)3.87M
Vol(50)3.46M