Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-02-22 View latest technical analysis

10 day averaged volume of Methanex Corporation is 457370

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	44.06	44.00	44.38	43.72	0.624 times
21 Wed Feb 2024	43.76	42.00	43.91	41.35	1.611 times
20 Tue Feb 2024	41.97	44.65	44.67	41.95	2.362 times
16 Fri Feb 2024	47.05	46.93	47.38	46.50	0.396 times
15 Thu Feb 2024	46.77	45.31	46.77	45.15	1.083 times
14 Wed Feb 2024	45.13	45.30	45.62	45.03	0.536 times
13 Tue Feb 2024	44.65	46.43	46.43	44.24	0.951 times
12 Mon Feb 2024	46.59	46.09	46.96	46.07	1.305 times
09 Fri Feb 2024	46.00	45.97	46.22	45.55	0.789 times
08 Thu Feb 2024	45.97	45.41	46.99	45.21	0.618 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 44.1, but if it comes above 44.1, then a intra day buy could be more profitable.
If you take a sell trade below 44.1, then use 44.1 as stoploss and 42.7 as target. However if you take a buy trade in stock , then use 44.1 as stoploss and 45.24 as target.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	38.31
Downside Target	40.79
Downside Target	42.79
Upside Target	45.80
Upside Target	45.82
Upside Target	46.37
Upside Target	46.99
Upside Target	47.38
Upside Target	47.41
Upside Target	47.70
Upside Target	49.48

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	42.05
Downside Intraday Target	40.04
Upside Intraday Target	45.37
Upside Intraday Target	46.68
Downside Intraday Target	43.36

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	44.06	44.65	44.67	41.35	1.076 times
16 Fri Feb 2024	47.05	46.09	47.38	44.24	1.36 times
09 Fri Feb 2024	46.00	45.50	46.99	44.16	0.824 times
02 Fri Feb 2024	46.14	45.45	47.41	44.14	2.063 times
26 Fri Jan 2024	45.58	43.79	46.37	43.64	0.929 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
22 Thu Feb 2024	44.06	46.00	47.41	41.35	1.519 times
31 Wed Jan 2024	44.32	47.05	47.70	42.79	0.887 times
29 Fri Dec 2023	47.36	42.63	49.48	41.79	1.154 times
30 Thu Nov 2023	42.69	41.25	45.80	40.79	0.552 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Methanex Corporation ( (MEOH) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 and selling is picking up 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 44.63 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.