MetLife stock: buy or sell
Jan 25th, 2021
MetLife stock brief
- After marking all-time highs last Tuesday, MetLife closed last Friday at $50.86 just moving a -0.41%
- MetLife, Inc. engages in the insurance, annuities, employee benefits, and asset management businesses worldwide. It operates through five segments: U.
Should I buy MetLife stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $MET stock a buy?
In the current situation of MetLife there is just one buy setup eligible:
Uptrend buy setup
MetLife stock continues to trend higher since in September 2020 and marked a gorgeous 46.32% gain. Price marked a pull back in this uptrend at $44.62 in mid-December, and since then it bounced off a 13.98%. Price just broke out above the entry point at $48.89, but it's still eligible. If price goes beyond $51.33, you should not chase the price and wait for another opportunity. If you decide to enter this trade, the suggested stop loss is at $44.00
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$48.89||$44.00||10.00%|
Should I sell MetLife stock?
"To sell or not to sell", if you are holding MetLife shares?. Trading strategies allow us to avoid impulsive decisions based on our personal feelings or the buzz surrounding the market. We like very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups are not intended for shorting $MET stock
A golden rule is that you should never mantain an investment that produces losses greater than those expected by the time of the buy. The moment to sell your stock must always be determined by the stop-loss (automatic or manual)
Is it time to sell MetLife stock?
In the current situation of MetLife there is not any eligible sell setup, so MetLife stock holders with operations in green can keep their positions
In the last month, 2 ratings were published for MetLife. General sentiment is bullish, with 2 out of 2 publishing optimistic forecasts
|Jan 6th, 2021|
|Piper Sandler||Neutral → Buy|
|Jan 15th, 2021|
MetLife stock analysis
MetLife shares started an uptrend in September 2020, and grew a gorgeous 46.32%. During this uptrend, the price gave some entry points on the breakouts. Latest low was in mid-December, when price bounced at $44.62. MetLife broke out above $48.89 (its last top) on January 6. That breakout was a good entry point
$MET at All-time Highs
MetLife did it again, and marked all-time highs (ATH) last Tuesday at $52.38
Supports and resistances
The current resistances are:
The current supports are:
Since the price surpassed the upper band last Tuesday, the price has corrected downwards by 2.90%
Relative strength index
The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for just one day (weak signal). The RSI value last Friday was 63.58
MetLife stock price history
MetLife started trading on Apr 5th, 2000 at $8.31 per share1. Since then, MET stock surged by 512.03%, with an average of 25.60% per year. An investment of thousand dollars at that time would have a value of $6,120.34 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for MetLife stock
Nobody knows how much a share will be priced tomorrow. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions post their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial information by the company, and many times. Again, these predictions are not direct recommendations for small traders and should not be followed blindly.
The average price target for MetLife stock calculated from the table below is $54.50. That is a 7.16% than the current price ($50.86).
|Brokerage firm||Price target|
|Jan 6th, 2021|
|Piper Sandler||$45.00 → $52.00|
|Jan 15th, 2021|
|Morgan Stanley||$53.00 → $57.00|
Earnings and financials
MetLife ($MET) hosted the investors call and posted the report last November. MetLife surpassed analysts estimates and posted of $1.95, that is a 21.12% better than expected compared to the predictions of $1.61. Despite this, reported sales of $16.5 billion were in line with consensus predictions.Same quarter one year ago, reported EPS was $1.27, so recently reported EPS means an increase of 53.54%. Sales dropped a -14.26% on an annualized basis in the , from $186.8B to $160.2B last quarter.
MetLife ($MET) is releasing financial report on Wednesday next week. Wall Street expects of $1.52, compared to previous quarter that was $1.95.
MetLife is classified inside the Insurance - Life industry, where it has industry peers.
MetLife biggest competitors are:
|Company||Market cap||Rating||Bullish ratings1|
|Prudential Public (PUK)||$51.0B|| ||1|
|American Financial (AFG)||$7.9B||Neutral||0|
|Voya Financial (VOYA)||$7.6B||Buy||1|
|CNO Financial (CNO)||$3.2B||Buy||2|
|Horace Mann Educators (HMN)||$1.8B||Neutral||0|
1 In the last 30 days.
To better understand MetLife stock performance you must compare its gains with other related stocks in same sector or industry.. For MetLife, the benchmark is made against Prudential Public, AEGON, Assurant, American Financial, Voya Financial, CNO Financial and Horace Mann Educators.
|Prudential Public (PUK)||9.10%||37.10%||29.70%|
|American Financial (AFG)||0.60%||18.80%||38.70%|
|Voya Financial (VOYA)||3.30%||13.70%||17.30%|
|CNO Financial (CNO)||3.90%||28.20%||46.10%|
|Horace Mann Educators (HMN)||4.00%||23.70%||12.90%|
Important note:The viewpoints given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not know the individual situations of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for general educational reasons only
|Friday, January 22nd, 2021|
|Day range||$50.21 - $51.04|
|Average true range||$1.64|
|50d mov avg||$47.40|
|100d mov avg||$42.76|
|200d mov avg||$39.14|
|Earnings date||February 3rd, 2021|