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(MEOH) Methanex Corporation complete technical analysis [charts+indicators] | Buy/Sell Methanex Corporation | (MEOH) share price targets

Complete technical analysis of Methanex Corporation (MEOH) by charts plus indicators, forecast predictions and share price targets for Methanex Corporation (MEOH)

Methanex Corporation trades in USA in Basic Industries sector.

Showing technical analysis as on 2024-05-21 View latest technical analysis

10 day averaged volume of Methanex Corporation is 319690

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	53.46	54.37	54.50	52.81	0.743 times
20 Mon May 2024	55.04	53.66	56.43	53.66	0.989 times
17 Fri May 2024	53.65	53.68	54.28	53.46	1.013 times
16 Thu May 2024	53.58	52.38	53.85	52.38	1.087 times
15 Wed May 2024	52.70	53.30	53.34	52.07	0.99 times
14 Tue May 2024	53.27	53.00	53.52	52.48	0.88 times
13 Mon May 2024	52.83	50.92	53.55	50.67	2.007 times
10 Fri May 2024	50.48	50.75	51.23	50.12	0.697 times
09 Thu May 2024	50.26	48.76	50.41	48.56	0.924 times
08 Wed May 2024	48.40	49.00	49.57	48.37	1.055 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 52.9, but if it comes below 52.9, then a intra day sell could be more profitable.
If you take a sell trade below 52.9, then use 52.9 as stoploss and 50.47 as target. However if you take a buy trade in stock , then use 52.9 as stoploss and 55.8 as target.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	41.35
Downside Target	42.79
Downside Target	44.39
Downside Target	45.58
Downside Target	50.67
Downside Target	50.91
Downside Target	51.23
Downside Target	51.42
Downside Target	52.81
Upside Target	54.28
Upside Target	56.43

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	52.04
Downside Intraday Target	50.61
Upside Intraday Target	55.66
Upside Intraday Target	57.85
Upside Intraday Target	54.23

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	53.46	53.66	56.43	52.81	0.29 times
17 Fri May 2024	53.65	50.92	54.28	50.67	1.698 times
10 Fri May 2024	50.48	48.80	51.23	48.37	0.725 times
03 Fri May 2024	48.23	48.91	50.68	47.19	0.766 times
26 Fri Apr 2024	48.27	47.97	50.91	46.46	1.338 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Methanex Corporation (MEOH)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Tue May 2024	53.46	47.71	56.43	47.19	0.473 times
30 Tue Apr 2024	47.91	44.70	51.42	44.39	1.86 times
28 Thu Mar 2024	44.63	45.02	45.58	41.47	0.624 times
29 Thu Feb 2024	44.84	46.00	47.41	41.35	1.759 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Methanex Corporation (MEOH)

Price action analysis of Methanex Corporation ( (MEOH) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Methanex Corporation ( (MEOH) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Methanex Corporation ( (MEOH) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Methanex Corporation stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Methanex Corporation in short term and the buy signal is strong.

Methanex Corporation Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Methanex Corporation in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Methanex Corporation is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 52.43 and Methanex Corporation (MEOH) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Methanex Corporation (MEOH) stock. Volume based technical analysis of Methanex Corporation (MEOH) stock is negative.

Methanex Corporation Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.