Score 9.1 (out of 10): METLIFE sets up for +12% rally in 3 months

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What’s Going On Here?

MetLife Foundation and Rise Against Hunger today announced that their ongoing partnership has reached its one-millionth meal milestone. In 2014, the organizations joined forces on this shared goal to help end world hunger by 2030.

Why Now?

METLIFE has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, METLIFE shares had a median return of +12%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for METLIFE received a high score of 9.1 (out of 10). This insight was generated on 2022-October-11 with last price of 63.32.

What’s This Asset About?

METLIFE is in the Multi-line Insurance business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. 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 70.9 (+12%) has been reached. Based on METLIFE’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 61.22 (last price at 63.32), 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:

2.1% (May-2022), 13.4% (December-2021), 6.4% (September-2021), 11.5% (July-2021), 26.7% (October-2020), 12.9% (July-2020), 12.4% (March- 2020), 8% (August-2019), 16% (April-2019), -0.2% (November-2018).

Historical Chart:

Summary:

NameMETLIFE
ViewUp
Star (1 to 10)9.1
Target+12%
Time3 months
Hit Rate90%

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