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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 2024-08-09 View latest technical analysis

10 day averaged volume of Methanex Corporation is 454277

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	42.22	42.22	42.67	42.06	0.771 times
08 Thu Aug 2024	42.22	40.89	42.68	40.89	1.011 times
07 Wed Aug 2024	40.68	43.27	44.17	40.59	1.554 times
06 Tue Aug 2024	42.20	41.81	42.68	41.51	0.811 times
05 Mon Aug 2024	41.51	41.45	41.65	39.87	1.661 times
02 Fri Aug 2024	43.03	44.50	45.12	41.85	1.433 times
01 Thu Aug 2024	45.79	48.69	49.18	45.39	0.651 times
31 Wed Jul 2024	48.59	46.78	49.80	46.52	1.566 times
30 Tue Jul 2024	46.68	47.29	47.74	46.67	0.545 times
29 Mon Jul 2024	47.56	47.51	48.12	47.05	0.399 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 43.3, but if it comes above 43.3, then a intra day buy could be more profitable.
If you take a sell trade below 43.3, then use 43.3 as stoploss and 38.8 as target. However if you take a buy trade in stock , then use 43.3 as stoploss and 46.99 as target.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	39.87
Downside Target	41.85
Upside Target	44.17
Upside Target	46.52
Upside Target	49.18
Upside Target	49.80
Upside Target	51.42
Upside Target	51.54
Upside Target	53.54
Upside Target	53.70
Upside Target	56.43

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	40
Downside Intraday Target	37.79
Upside Intraday Target	44.3
Upside Intraday Target	46.39
Downside Intraday Target	42.09

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	42.22	41.45	44.17	39.87	1.264 times
02 Fri Aug 2024	43.03	47.51	49.80	41.85	2.549 times
26 Fri Jul 2024	47.57	49.21	49.69	47.21	0.824 times
19 Fri Jul 2024	49.58	50.96	53.54	49.54	0.888 times
12 Fri Jul 2024	51.08	47.14	51.54	46.83	3.617 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
09 Fri Aug 2024	42.22	48.69	49.18	39.87	0.75 times
31 Wed Jul 2024	48.59	48.50	53.54	46.52	1.307 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Methanex Corporation ( (MEOH) ) based on a short 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 weakening, and bulls are picking up momentum!

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 43.61 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.