Metlife, Inc. Stock Forecast
Metlife, Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Metlife, Inc. stock price fell by -1.69% on the last day (Friday, 28th Jun 2024) from $20.68 to $20.33. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.82% from a day low at $20.30 to a day high of $20.67. The price has fallen in 6 of the last 10 days and is down by -1.6% for this period. Volume has increased on the last day by 43 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 103 thousand shares were bought and sold for approximately $2.10 million.
Given the current horizontal trend, you can expect Metlife, Inc. stock with a 90% probability to be traded between $20.67 and $21.19 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-PF Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Metlife, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $20.67 and $20.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -2.21%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Metlife, Inc. stock
Metlife, Inc. finds support from accumulated volume at $20.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.370 between high and low, or 1.82%. For the last week the stock has had daily average volatility of 1.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MET-PF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Metlife, Inc. to open at $20.43, and during the day (based on 14 day Average True Range), to move between $20.10 and $20.56, which gives a possible trading interval of +/-$0.228 (+/-1.12%) up or down from last closing price. If Metlife, Inc. takes out the full calculated possible swing range there will be an estimated 2.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.28 (0.25%) than the resistance at $20.41 (0.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Metlife, Inc. stock A Buy?
Metlife, Inc. holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.875 Sell Candidate Downgraded
Predicted Opening Price for Metlife, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $20.43 ( 0.508%) | $20.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MET-PF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.80 | 2.33% |
| R2 | 20.66 | 1.63% |
| R1 | 20.57 | 1.20% |
| Price | 20.33 | |
| S1 | 20.29 | -0.187% |
| S2 | 20.20 | -0.616% |
| S3 | 20.06 | -1.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.74 | 2.02% |
| R2 | 20.62 | 1.43% |
| R1 | 20.41 | 0.394% |
| Price | 20.33 | |
| S1 | 20.28 | -0.246% |
| S2 | 20.24 | -0.443% |
| S3 | 0 | - |
MET-PF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.297 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.297 | 0% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.297 | 0% |
| 4 | Aug 30, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.297 | 0% |
| 5 | May 30, 2023 | May 30, 2023 | May 30, 2023 | $0.297 | 0% |
FAQ
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