(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 2024-07-09 View latest technical analysis
10 day averaged volume of Methanex Corporation is 168650
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Tue Jul 2024 | 47.31 | 47.93 | 48.44 | 47.29 | 1.023 times |
| 08 Mon Jul 2024 | 47.66 | 47.14 | 48.41 | 46.83 | 1.779 times |
| 05 Fri Jul 2024 | 47.33 | 48.82 | 49.23 | 46.91 | 1.256 times |
| 03 Wed Jul 2024 | 49.05 | 48.19 | 49.09 | 48.19 | 0.578 times |
| 03 Wed Jul 2024 | 49.05 | 48.19 | 49.09 | 48.19 | 0.578 times |
| 02 Tue Jul 2024 | 48.16 | 47.50 | 48.20 | 47.50 | 0.894 times |
| 01 Mon Jul 2024 | 47.61 | 48.50 | 48.57 | 47.16 | 0.917 times |
| 28 Fri Jun 2024 | 48.26 | 48.53 | 48.82 | 48.05 | 1.473 times |
| 27 Thu Jun 2024 | 48.22 | 48.50 | 48.50 | 47.86 | 0.658 times |
| 26 Wed Jun 2024 | 48.36 | 48.00 | 48.41 | 47.46 | 0.963 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 47.6, but if it comes above 47.6, then a intra day buy could be more profitable.
If you take a sell trade below 47.6, then use 47.6 as stoploss and 46.7 as target. However if you take a buy trade in stock , then use 47.6 as stoploss and 48.44 as target.
Share price targets for Methanex Corporation (MEOH)
| Target Type | Value |
| Downside Target | 41.47 |
| Downside Target | 44.39 |
| Downside Target | 45.58 |
| Downside Target | 46.83 |
| Upside Target | 49.02 |
| Upside Target | 49.09 |
| Upside Target | 49.23 |
| Upside Target | 49.29 |
| Upside Target | 51.42 |
| Upside Target | 53.70 |
| Upside Target | 56.43 |
Intraday share price targets for Methanex Corporation (MEOH)
| Target Type | Value |
| Downside Intraday Target | 46.61 |
| Downside Intraday Target | 45.92 |
| Upside Intraday Target | 48.22 |
| Upside Intraday Target | 49.14 |
| Upside Intraday Target | 47.53 |
Weekly technical analysis of Methanex Corporation (MEOH)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Tue Jul 2024 | 47.31 | 47.14 | 48.44 | 46.83 | 1.528 times |
| 05 Fri Jul 2024 | 47.33 | 48.19 | 49.23 | 46.91 | 0.768 times |
| 03 Wed Jul 2024 | 49.05 | 48.50 | 49.09 | 47.16 | 0.49 times |
| 28 Fri Jun 2024 | 48.26 | 48.37 | 49.29 | 47.46 | 1.536 times |
| 21 Fri Jun 2024 | 48.64 | 48.33 | 49.02 | 47.98 | 2.255 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Methanex Corporation (MEOH)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 09 Tue Jul 2024 | 47.31 | 48.50 | 49.23 | 46.83 | 0.324 times |
| 28 Fri Jun 2024 | 48.26 | 53.68 | 53.70 | 47.46 | 0.675 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 |
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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Methanex Corporation ( (MEOH) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Methanex Corporation ( (MEOH) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Methanex Corporation ( (MEOH) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Methanex Corporation stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Methanex Corporation in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Methanex Corporation in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 47.97 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 negative.
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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Methanex Corporation ( (MEOH) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Methanex Corporation ( (MEOH) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Methanex Corporation ( (MEOH) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Methanex Corporation stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Methanex Corporation in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Methanex Corporation in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 47.97 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.