The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 3/15/2024 -
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MetLife Inc. (MET) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance lineTrend resistance at 72.50
Daily :Relative Strength Index and Lane's Stochastic are overbought
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.22
Overbought
Williams' Percentage Range (W%R) 28.40
Lane's Stochastic (%D-Slow) 81.08
Overbought
Greed/Fear Indicator (GFI) 77.62
Moving Average Converg./Diverg. (MACD) 0.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.46
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 76.80
Bearish
Greed/Fear Indicator (GFI) 75.93
Moving Average Converg./Diverg. (MACD) 1.79 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 73.12
Monthly Trendline Resistance 72.50
Daily Stochastic Crossing 72.43
Price 72.39
Parabolic System 71.49
Weekly Stochastic Crossing 71.24
20 Day Moving Average 70.26
50 Day Moving Average 69.18
Lower Bollinger Band 67.87
Monthly Trendline Support 66.64
Quarterly Trendline Support 65.38
Quarterly Trendline Resistance 60.77
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Insurance Brokers 101
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
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.91
Low Date 10/27/2023
High 72.90
High Date 03/13/2024
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
Quarterly Trend
Yearly Trend
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
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.85
Low Date 03/23/2020
High 77.36
High Date 11/25/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.