(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 2024-06-04 View latest technical analysis
10 day averaged volume of Methanex Corporation is 231104
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Tue Jun 2024 | 50.52 | 51.09 | 51.11 | 50.15 | 0.923 times |
| 03 Mon Jun 2024 | 51.61 | 53.68 | 53.70 | 51.45 | 1.023 times |
| 31 Fri May 2024 | 53.68 | 53.27 | 53.80 | 52.59 | 0.903 times |
| 30 Thu May 2024 | 53.00 | 52.14 | 53.58 | 52.14 | 0.766 times |
| 29 Wed May 2024 | 52.35 | 52.76 | 52.76 | 52.00 | 0.542 times |
| 28 Tue May 2024 | 53.12 | 52.86 | 53.73 | 52.86 | 1.173 times |
| 23 Thu May 2024 | 52.28 | 52.68 | 52.68 | 51.85 | 0.925 times |
| 22 Wed May 2024 | 52.23 | 52.65 | 53.17 | 52.07 | 0.872 times |
| 21 Tue May 2024 | 53.46 | 54.37 | 54.50 | 52.81 | 1.027 times |
| 20 Mon May 2024 | 55.04 | 53.66 | 56.43 | 53.66 | 1.368 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 50.4 as stoploss in an intra day buy trade for a target of 52.08. However, stock will show a bearish move below 50.4.
Share price targets for Methanex Corporation (MEOH)
| Target Type | Value |
| Downside Target | 41.35 |
| Downside Target | 44.39 |
| Downside Target | 45.58 |
| Downside Target | 47.19 |
| Downside Target | 48.37 |
| Downside Target | 50.15 |
| Upside Target | 52.00 |
| Upside Target | 53.70 |
| Upside Target | 53.80 |
| Upside Target | 54.28 |
| Upside Target | 56.43 |
Intraday share price targets for Methanex Corporation (MEOH)
| Target Type | Value |
| Downside Intraday Target | 49.21 |
| Downside Intraday Target | 47.91 |
| Upside Intraday Target | 52.76 |
| Upside Intraday Target | 55.01 |
| Upside Intraday Target | 51.46 |
Weekly technical analysis of Methanex Corporation (MEOH)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Tue Jun 2024 | 50.52 | 53.68 | 53.70 | 50.15 | 0.575 times |
| 31 Fri May 2024 | 53.68 | 52.86 | 53.80 | 52.00 | 0.807 times |
| 23 Thu May 2024 | 52.28 | 53.66 | 56.43 | 51.85 | 0.507 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 |
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 |
| 04 Tue Jun 2024 | 50.52 | 53.68 | 53.70 | 50.15 | 0.083 times |
| 31 Fri May 2024 | 53.68 | 47.71 | 56.43 | 47.19 | 0.607 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 |
Scroll below to view daily charts
Price has moved down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Methanex Corporation ( (MEOH) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Methanex Corporation ( (MEOH) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Methanex Corporation in short term but the sell signal is initial and weak.
Methanex Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Methanex Corporation in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 52.85 and Methanex Corporation (MEOH) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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.
Price action analysis of Methanex Corporation ( (MEOH) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Methanex Corporation ( (MEOH) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Methanex Corporation ( (MEOH) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Methanex Corporation in short term but the sell signal is initial and weak.
Methanex Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Methanex Corporation in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 52.85 and Methanex Corporation (MEOH) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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.