Technical Analysis
Based on the technical indicators, MET is showing mixed signals. The RSI(14) at 58.76 indicates a neutral momentum, not yet overbought. The MACD at 1.01 suggests a bullish trend momentum. The stock is trading above both its 20-day (83.53) and 60-day (83.08) moving averages, indicating an overall upward trend.
Fibonacci Analysis
The Fibonacci levels show:
- Resistance 3: 92.59
- Resistance 2: 89.40
- Resistance 1: 87.43
- Pivot: 84.24
- Support 1: 81.05
- Support 2: 79.08
- Support 3: 75.89
News Impact
Recent significant developments:
- MetLife Investment Management is acquiring three portfolio management teams from Mesirow, involving approximately $6 billion in assets. This strategic move should enhance their institutional asset management business.
- The company will announce Q4 earnings on January 29, with analysts expecting EPS of $2.17, a 12.4% increase from the previous year.
- The company's new 5-year Frontier Growth strategy aims to generate $25 billion in free cash flow.
Price Prediction for Next Week
Based on technical and news analysis:
- Target Price: 87.40 (Fibonacci R1)
- Recommendation: BUY
- Rationale:
- Strong institutional business expansion through Mesirow acquisition
- Positive earnings expectations
- Trading above key moving averages
- Bullish MACD signal
- Strong analyst consensus with "Strong Buy" rating and average price target of $93.54
The stock is likely to test the first resistance level at 87.43 next week, supported by positive earnings expectations and recent strategic moves. The risk/reward ratio appears favorable with strong support at 81.05.
Technical Analysis
Based on the technical indicators, MET is showing mixed signals. The RSI(14) at 58.76 indicates a neutral momentum, not yet overbought. The MACD at 1.01 suggests a bullish trend momentum. The stock is trading above both its 20-day (83.53) and 60-day (83.08) moving averages, indicating an overall upward trend.
Fibonacci Analysis
The Fibonacci levels show:
- Resistance 3: 92.59
- Resistance 2: 89.40
- Resistance 1: 87.43
- Pivot: 84.24
- Support 1: 81.05
- Support 2: 79.08
- Support 3: 75.89
News Impact
Recent significant developments:
- MetLife Investment Management is acquiring three portfolio management teams from Mesirow, involving approximately $6 billion in assets. This strategic move should enhance their institutional asset management business.
- The company will announce Q4 earnings on January 29, with analysts expecting EPS of $2.17, a 12.4% increase from the previous year.
- The company's new 5-year Frontier Growth strategy aims to generate $25 billion in free cash flow.
Price Prediction for Next Week
Based on technical and news analysis:
- Target Price: 87.40 (Fibonacci R1)
- Recommendation: BUY
- Rationale:
- Strong institutional business expansion through Mesirow acquisition
- Positive earnings expectations
- Trading above key moving averages
- Bullish MACD signal
- Strong analyst consensus with "Strong Buy" rating and average price target of $93.54
The stock is likely to test the first resistance level at 87.43 next week, supported by positive earnings expectations and recent strategic moves. The risk/reward ratio appears favorable with strong support at 81.05.