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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 2024-12-17 View latest technical analysis

10 day averaged volume of Methanex Corporation is 318848

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	47.12	45.61	47.15	45.26	1.707 times
16 Mon Dec 2024	46.04	45.50	46.34	45.28	1.671 times
13 Fri Dec 2024	45.72	45.87	45.94	45.33	1.25 times
12 Thu Dec 2024	45.89	46.83	47.02	45.89	0.65 times
11 Wed Dec 2024	47.09	47.51	47.94	46.50	0.905 times
10 Tue Dec 2024	47.46	47.46	48.35	47.44	1.094 times
09 Mon Dec 2024	47.63	48.27	49.83	47.52	1.192 times
26 Tue Nov 2024	46.29	46.67	46.67	45.58	0.556 times
26 Tue Nov 2024	46.29	46.67	46.67	45.58	0.556 times
25 Mon Nov 2024	46.91	46.21	47.34	46.05	1.273 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 47, but if it comes below 47, then a intra day sell could be more profitable.
If you take a sell trade below 47, then use 47 as stoploss and 45.17 as target. However if you take a buy trade in stock , then use 47 as stoploss and 49.1 as target.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	36.13
Downside Target	38.75
Downside Target	39.87
Downside Target	42.71
Downside Target	45.26
Downside Target	46.67
Upside Target	47.15
Upside Target	47.34
Upside Target	49.18
Upside Target	49.83

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	45.87
Downside Intraday Target	44.62
Upside Intraday Target	47.76
Upside Intraday Target	48.4
Downside Intraday Target	46.51

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	47.12	45.50	47.15	45.26	0.663 times
13 Fri Dec 2024	45.72	48.27	49.83	45.33	9.161 times
26 Tue Nov 2024	46.29	46.67	46.67	45.58	0.304 times
26 Tue Nov 2024	46.29	46.21	47.34	45.58	0.384 times
22 Fri Nov 2024	46.02	42.71	46.16	42.71	0.999 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
17 Tue Dec 2024	47.12	48.27	49.83	45.26	0.418 times
26 Tue Nov 2024	46.29	39.26	47.34	38.78	0.955 times
31 Thu Oct 2024	39.17	41.12	45.44	38.75	0.77 times
30 Mon Sep 2024	41.34	46.01	46.08	36.13	1.148 times

Scroll below to view daily charts

Price has moved up 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 to mid 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 mid to longer 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.

ADX buy sell signal for Methanex Corporation stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Methanex Corporation in short term but the sell signal is initial and weak.

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

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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 46.7 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 rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.