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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 2024-06-25 View latest technical analysis

10 day averaged volume of Methanex Corporation is 176780

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	48.07	48.78	48.78	47.84	0.862 times
24 Mon Jun 2024	48.97	48.37	49.29	48.37	0.833 times
21 Fri Jun 2024	48.64	48.80	49.02	48.35	1.29 times
20 Thu Jun 2024	48.56	48.01	48.77	47.98	1.104 times
18 Tue Jun 2024	48.31	48.33	48.57	48.00	0.632 times
18 Tue Jun 2024	48.31	48.33	48.57	48.00	0.632 times
17 Mon Jun 2024	48.33	47.91	48.46	47.85	0.71 times
14 Fri Jun 2024	48.13	49.05	49.19	47.66	1.129 times
13 Thu Jun 2024	49.59	50.59	50.67	49.39	0.947 times
12 Wed Jun 2024	50.93	51.83	52.29	50.72	1.11 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 48.5, but if it comes above 48.5, then a intra day buy could be more profitable.
If you take a sell trade below 48.5, then use 48.5 as stoploss and 46.5 as target. However if you take a buy trade in stock , then use 48.5 as stoploss and 50.16 as target.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	41.35
Downside Target	44.39
Downside Target	45.58
Downside Target	47.19
Upside Target	49.02
Upside Target	49.29
Upside Target	49.77
Upside Target	51.42
Upside Target	52.29
Upside Target	53.70
Upside Target	56.43

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	47.51
Downside Intraday Target	46.95
Upside Intraday Target	48.96
Upside Intraday Target	49.85
Upside Intraday Target	48.4

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	48.07	48.37	49.29	47.84	0.56 times
21 Fri Jun 2024	48.64	48.33	49.02	47.98	2.255 times
18 Tue Jun 2024	48.31	47.91	48.57	47.85	0.232 times
14 Fri Jun 2024	48.13	51.24	52.29	47.66	0.983 times
07 Fri Jun 2024	50.89	53.68	53.70	49.77	1.333 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
25 Tue Jun 2024	48.07	53.68	53.70	47.66	0.578 times
31 Fri May 2024	53.68	47.71	56.43	47.19	0.607 times
30 Tue Apr 2024	47.91	44.70	51.42	44.39	1.86 times
28 Thu Mar 2024	44.63	45.02	45.58	41.47	0.624 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 getting stronger in this stock.

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

Stock of Methanex Corporation is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 48.85 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.