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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 2024-09-12 View latest technical analysis

10 day averaged volume of Methanex Corporation is 515950

Date Daily Closing Price Open High Low Volume
12 Thu Sep 2024 37.39 36.70 37.65 36.56 0.653 times
11 Wed Sep 2024 36.58 37.17 37.20 36.13 1.006 times
10 Tue Sep 2024 36.82 38.73 38.85 36.78 1.732 times
09 Mon Sep 2024 39.10 37.90 40.76 37.30 2.923 times
06 Fri Sep 2024 42.45 44.83 44.94 41.92 1.091 times
05 Thu Sep 2024 44.97 44.93 45.45 44.66 0.494 times
04 Wed Sep 2024 44.60 44.55 45.15 44.32 0.52 times
03 Tue Sep 2024 44.52 46.01 46.08 44.46 0.716 times
30 Fri Aug 2024 46.69 46.05 46.82 46.05 0.409 times
30 Fri Aug 2024 46.69 46.05 46.82 46.05 0.409 times

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 36.5, for a target of 40.4 or 43.69

Share price targets for Methanex Corporation (MEOH)

Target Type Value
Downside Target 36.13
Upside Target 39.87
Upside Target 40.76
Upside Target 41.92
Upside Target 43.94
Upside Target 45.11
Upside Target 46.05
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 35.43
Downside Intraday Target 33.46
Upside Intraday Target 40.06
Upside Intraday Target 42.72
Upside Intraday Target 38.09

Weekly technical analysis of Methanex Corporation (MEOH)

Date Weekly Closing Price Open High Low Volume
12 Thu Sep 2024 37.39 37.90 40.76 36.13 2.239 times
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

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
12 Thu Sep 2024 37.39 46.01 46.08 36.13 0.615 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 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 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 moving up

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 40.3 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 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 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 moving up

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 40.3 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.

Daily charts

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Daily chart
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