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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 2024-09-19 View latest technical analysis

10 day averaged volume of Methanex Corporation is 603040

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	40.48	40.24	40.85	40.04	0.54 times
18 Wed Sep 2024	39.53	39.52	40.43	38.76	0.744 times
17 Tue Sep 2024	39.32	38.81	39.78	38.62	0.585 times
16 Mon Sep 2024	38.62	37.85	38.83	37.85	0.838 times
13 Fri Sep 2024	37.74	37.80	38.73	37.48	1.074 times
12 Thu Sep 2024	37.39	36.70	37.65	36.56	0.559 times
11 Wed Sep 2024	36.58	37.17	37.20	36.13	0.861 times
10 Tue Sep 2024	36.82	38.73	38.85	36.78	1.482 times
09 Mon Sep 2024	39.10	37.90	40.76	37.30	2.501 times
06 Fri Sep 2024	42.45	44.83	44.94	41.92	0.933 times

My analysis of stock is bearish for shortterm, and stock might move down till 38.6 or till 34.1. Use a stoploss of 42.28 and if the stock hits stoploss, then it can shoot up till 46.01

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	36.13
Downside Target	37.85
Downside Target	39.87
Upside Target	40.76
Upside Target	41.92
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	38.6
Downside Intraday Target	36.73
Upside Intraday Target	41.6
Upside Intraday Target	42.73
Downside Intraday Target	39.73

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	40.48	37.85	40.85	37.85	0.418 times
13 Fri Sep 2024	37.74	37.90	40.76	36.13	2.684 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

Price has moved up 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
19 Thu Sep 2024	40.48	46.01	46.08	36.13	0.913 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Methanex Corporation Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

CCI has generated a buy signal for Methanex Corporation in short term and BUY signal is strong.

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 38.7 and Methanex Corporation (MEOH) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.