METLIFE INC (MET) Stock Technical Analysis
NYSE:MET • US59156R1086
Taking everything into account, MET scores 0 out of 10 in our technical rating. MET scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, MET is a bad performer in the overall market: 80% of all stocks are doing better.
- MET is one of the lesser performing stocks in the Insurance industry. 63% of 150 stocks in the same industry do better.
- In the last month MET has a been trading in the 71.61 - 81.67 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- MET has an average volume of 3830830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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.
The technical rating of MET is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
67.86
When analyzing the support we can see 2 important areas.
- Support @70.14 from a horizontal line in the weekly time frame.
- Support @68.55 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 76.62 to 78.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 80.83 to 82.89. 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 | DOWN | NEGATIVE | The short term trend for MET is down. |
| ChartMill Relative Strength | 20.69 | NEGATIVE | MET has a low relative strength, it was outperformed by 79.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.1 | NEUTRAL | The RSI value for MET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests MET has a negative trend. |
| Stochastics (14,3) | 24.06 | NEUTRAL | The Stochastics value for MET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for MET suggests some volalility. |
| Average Directional Index/ADX (14) | 19.46 | NEGATIVE | The low ADX value for MET suggests a weak or negative trend. |
72.07
-3.87 (-5.1%)
METLIFE INC / MET FAQ
What is the technical rating for MET stock?
ChartMill assigns a technical rating of 0 / 10 to MET.
What is the trend direction for MET stock?
The current trend direction for METLIFE INC (MET) is Bearish.
What is the RSI signal for MET stock?
METLIFE INC (MET) has an RSI value of 35.0998. This indicates that the stock is currently neutral.
What is the short term momentum for MET stock?
The short term momentum for METLIFE INC (MET) is negative.
What are the support and resistance levels for METLIFE INC (MET) stock?
METLIFE INC (MET) has a support level at 70.14 and a resistance level at 76.62. Check the full technical report for our detailed analysis of MET support and resistance levels.