Score 8.9 (out of 10): METLIFE INC sets up for +12.7% rally in 3 months

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What’s Going On Here?

MetLife Foundation announces strategy to drive inclusive economic mobility. Funds and volunteerism will address economic, social and environmental issues impacting underserved and underrepresented communities.

Why Now?

METLIFE INC has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, METLIFE INC shares had a median return of +12.7%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for METLIFE INC received a high score of 8.9 (out of 10). This insight was generated on 2022-August-1 with last price of 62.89.

What’s This Company About?

METLIFE INC is in the Multi-line Insurance business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 0% (average). Ticker symbol: MET US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 70.86 (+12.7%) has been reached. Based on METLIFE INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 60.79 (last price at 62.89), which is equivalent to a -3.3% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

13.4% (December-2021), 4.7% (September-2021), 15.8% (July-2021), 26.7% (October-2020), 12.9% (July-2020), 12.4% (March-2020), 8% (August-2019), 16% (April- 2019), -0.2% (November-2018), -0.3% (June-2018).

Historical Chart:

Summary:

NameMETLIFE INC
ViewUp
Star (1 to 10)8.9
Target12.7%
Time3 months
Hit Rate80%

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