(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 2024-09-06 View latest technical analysis
10 day averaged volume of Methanex Corporation is 253050
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Fri Sep 2024 | 42.45 | 44.83 | 44.94 | 41.92 | 2.224 times |
| 05 Thu Sep 2024 | 44.97 | 44.93 | 45.45 | 44.66 | 1.007 times |
| 04 Wed Sep 2024 | 44.60 | 44.55 | 45.15 | 44.32 | 1.061 times |
| 03 Tue Sep 2024 | 44.52 | 46.01 | 46.08 | 44.46 | 1.459 times |
| 30 Fri Aug 2024 | 46.69 | 46.05 | 46.82 | 46.05 | 0.833 times |
| 30 Fri Aug 2024 | 46.69 | 46.05 | 46.82 | 46.05 | 0.833 times |
| 29 Thu Aug 2024 | 46.24 | 45.64 | 47.00 | 45.47 | 1.43 times |
| 28 Wed Aug 2024 | 45.19 | 45.37 | 45.89 | 45.11 | 0.582 times |
| 27 Tue Aug 2024 | 46.27 | 46.40 | 46.48 | 45.60 | 0.479 times |
| 26 Mon Aug 2024 | 46.41 | 46.27 | 47.56 | 46.27 | 1.037 times |
Stock of Methanex Corporation (MEOH) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 42.6, for a target of 44 or 45.06
Share price targets for Methanex Corporation (MEOH)
| Target Type | Value |
| Downside Target | 39.87 |
| Downside Target | 41.92 |
| Upside Target | 43.94 |
| Upside Target | 45.11 |
| Upside Target | 46.82 |
| Upside Target | 47.19 |
| Upside Target | 47.46 |
| Upside Target | 47.56 |
| Upside Target | 49.18 |
| 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 | 40.89 |
| Downside Intraday Target | 39.32 |
| Upside Intraday Target | 45.05 |
| Upside Intraday Target | 47.64 |
| Upside Intraday Target | 43.48 |
Weekly technical analysis of Methanex Corporation (MEOH)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Fri Sep 2024 | 42.45 | 46.01 | 46.08 | 41.92 | 6.904 times |
| 30 Fri Aug 2024 | 46.69 | 46.05 | 46.82 | 46.05 | 0.191 times |
| 30 Fri Aug 2024 | 46.69 | 46.27 | 47.56 | 45.11 | 0.988 times |
| 23 Fri Aug 2024 | 46.05 | 45.25 | 46.69 | 43.94 | 0.679 times |
| 16 Fri Aug 2024 | 45.07 | 42.22 | 45.87 | 42.22 | 0.624 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 |
| 06 Fri Sep 2024 | 42.45 | 46.01 | 46.08 | 41.92 | 0.19 times |
| 30 Fri Aug 2024 | 46.69 | 48.69 | 49.18 | 39.87 | 1.602 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 |
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 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 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 neutral. A longer time frame might give a better analysis.
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 Strong and stock is gaining 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 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 44.99 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 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 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 neutral. A longer time frame might give a better analysis.
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 Strong and stock is gaining 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 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 44.99 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.