Metlife, Inc. Stock Forecast
Metlife, Inc. stock price down 0.689% on Friday
(Updated on Jun 28, 2024)
The Metlife, Inc. stock price fell by -0.689% on the last day (Friday, 28th Jun 2024) from $24.67 to $24.50. During the last trading day the stock fluctuated 0.86% from a day low at $24.50 to a day high of $24.71. The price has risen in 5 of the last 10 days but is still down by -0.2% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -15 thousand shares and in total, 17 thousand shares were bought and sold for approximately $421.52 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Metlife, Inc. stock with a 90% probability to be traded between $24.13 and $24.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MET-PA Signals & Forecast
There are mixed signals in the stock today. The Metlife, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $24.63 and $24.68. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Metlife, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.210 between high and low, or 0.86%. For the last week the stock has had daily average volatility of 0.761%
Our recommended stop-loss: $23.00 (-6.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (MET-PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Metlife, Inc. to open at $24.57, and during the day (based on 14 day Average True Range), to move between $24.31 and $24.69, which gives a possible trading interval of +/-$0.187 (+/-0.76%) up or down from last closing price. If Metlife, Inc. takes out the full calculated possible swing range there will be an estimated 1.53% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $24.62, some $0.120 (0.49%) from the current price of $24.50, our system finds the risk reward not very attractive.
Is Metlife, Inc. stock A Buy?
Metlife, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.991 Hold/Accumulate Unchanged
Predicted Opening Price for Metlife, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $24.57 ( 0.286%) | $24.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MET-PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.78 | 1.14% |
| R2 | 24.70 | 0.82% |
| R1 | 24.65 | 0.613% |
| Price | 24.50 | |
| S1 | 24.49 | -0.0417% |
| S2 | 24.44 | -0.244% |
| S3 | 24.36 | -0.571% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.64 | 0.571% |
| R2 | 24.63 | 0.531% |
| R1 | 24.62 | 0.490% |
| Price | 24.50 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
MET-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.430 | 0% |
| 2 | Mar 07, 2024 | Mar 07, 2024 | Mar 15, 2024 | $0.420 | 0% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.422 | 0% |
| 4 | Aug 30, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.419 | 0% |
| 5 | May 30, 2023 | May 30, 2023 | Jun 15, 2023 | $0.375 | 0% |
FAQ
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