METLIFE INC (MET) Stock Technical Analysis
NYSE:MET - New York Stock Exchange, Inc. - US59156R1086 - Common Stock - Currency: USD
Overall MET gets a technical rating of 7 out of 10. MET has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month MET has a been trading in the 77.06 - 81.70 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
MET has an average volume of 2901410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, MET outperforms 64% of them, which is more or less in line with the market.
MET is part of the Insurance industry. There are 144 other stocks in this industry, MET did better than 69% of them.
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.
Besides having an excellent technical rating, MET also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 79.10, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
We found 2 important support areas.
- A support zone ranging from 77.21 to 80.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.55 to 70.94. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @81.16 from a horizontal line in the daily time frame.
- Resistance @83.77 from a trend line in the daily time frame.
- Resistance @85.88 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 | UP | POSITIVE | The long term trend for MET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MET is up. |
| ChartMill Relative Strength | 64.74 | 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) | UP | MIXED | The current price of MET is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.78 | NEUTRAL | The RSI value for MET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.94 | NEUTRAL | The Stochastics value for MET is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for MET suggests low volalility. |
| Average Directional Index/ADX (14) | 7.04 | 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)
80.65
+0.5 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.62%
1 Week0.86%
2 Weeks2.67%
1 Month2.33%
3 Month16.77%
6 Month-1.9%
12 Month16.04%
2 Year28.08%
3 Year27.51%
5 Year113.08%
10 Year-86.85%
15 Year-82.57%
Volatility
ATR(14)1.33
ATR(20)%1.58%
ATR Inc31.1%
Range Today1.25
ADR(20)1.2
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.74
Mansfield-0.67
10 Day High81.7
10 Day Low77.74
20 Day High81.7
20 Day Low77.06
52 Week High89.05
52 Week Low65.21
CS1 End79.1
CR1 Start81.16
Volume & EV
DER(3)0.32%
DER(5)0.59%
Volume1.62M
Volume Incr-1.93%
Vol(5)2.79M
Vol(50)2.90M