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Archive - 3/15/2024 - Sign In to see current Signals. |
MetLife Inc. (MET) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a sixth consecutive positive week for the MetLife Inc. (MET). During the week, the MET gained 1.47 points, or 2.07%, and closed at 72.39 on Friday, March 15, 2024. Weekly volume was -35% below average. MET is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See MET long-term trend chart] A long-term downtrend had started on November 25, 2022 at 77.36 and reached 48.95 on May 16, 2023. MET lost 28.41 points, or 36.72%, in 24 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (65.38) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MET may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend. Medium-term trend: [See MET medium-term trend chart] A medium-term uptrend had started on May 16, 2023 at 48.95 and reached 72.90 on March 13, 2024. MET gained -23.95 points, or -48.93%, in 43 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (72.50). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend. Weekly Technical Indicators: [See MET weekly technical indicators chart] Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help. Short-term trend: [See MET short-term trend chart] A short-term uptrend had started on February 5, 2024 at 64.61 and reached 72.90 on March 13, 2024. MET gained -8.29 points, or -12.83%, in 37 days. The chart has formed a Ascending Triangle chart pattern. Daily Technical Indicators: [See MET daily technical indicators chart] Daily Relative Strength Index and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic. Use the following link to access Relative Strength Index help. The daily MACD line is above its signal line since February 14, 2024. This is an indication that the short-term trend is up.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Financials |
11 |
Industry |
Insurance Brokers |
101 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Ascending Triangle |
Low |
64.61 |
Low Date |
02/05/2024 |
High |
72.90 |
High Date |
03/13/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
57.91 |
Low Date |
10/27/2023 |
High |
72.90 |
High Date |
03/13/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Rising Wedge |
Status |
Test Resistance |
Resistance |
72.50 |
Support |
66.64 |
Low |
48.95 |
Low Date |
05/16/2023 |
High |
72.90 |
High Date |
03/13/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Symmetric Triangle |
Status |
Broken Resistance |
Resistance |
60.77 |
Support |
65.38 |
High |
77.36 |
High Date |
11/25/2022 |
Low |
48.95 |
Low Date |
05/16/2023 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
22.85 |
Low Date |
03/23/2020 |
High |
77.36 |
High Date |
11/25/2022 |
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