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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 2024-08-16 View latest technical analysis

10 day averaged volume of Methanex Corporation is 469458

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	45.07	45.04	45.39	44.44	0.512 times
15 Thu Aug 2024	45.47	45.29	45.87	45.22	0.357 times
14 Wed Aug 2024	44.36	44.30	44.61	43.78	0.523 times
13 Tue Aug 2024	44.52	42.84	44.84	42.84	1.294 times
12 Mon Aug 2024	42.98	42.22	43.15	42.22	0.818 times
09 Fri Aug 2024	42.22	42.22	42.67	42.06	0.746 times
08 Thu Aug 2024	42.22	40.89	42.68	40.89	0.978 times
07 Wed Aug 2024	40.68	43.27	44.17	40.59	1.504 times
06 Tue Aug 2024	42.20	41.81	42.68	41.51	0.785 times
05 Mon Aug 2024	41.51	41.45	41.65	39.87	1.607 times

My analysis of stock is bearish for shortterm, and stock might move down till 42.6 or till 39.3. Use a stoploss of 45.26 and if the stock hits stoploss, then it can shoot up till 47.97

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	39.87
Downside Target	41.85
Downside Target	44.17
Upside Target	45.87
Upside Target	49.18
Upside Target	49.69
Upside Target	49.80
Upside Target	51.42
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	42.9
Downside Intraday Target	40.74
Upside Intraday Target	46.55
Upside Intraday Target	48.04
Downside Intraday Target	44.39

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	45.07	42.22	45.87	42.22	0.624 times
09 Fri Aug 2024	42.22	41.45	44.17	39.87	1.264 times
02 Fri Aug 2024	43.03	47.51	49.80	41.85	2.549 times
26 Fri Jul 2024	47.57	49.21	49.69	47.21	0.824 times
19 Fri Jul 2024	49.58	50.96	53.54	49.54	0.888 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
16 Fri Aug 2024	45.07	48.69	49.18	39.87	1.094 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
31 Fri May 2024	53.68	47.71	56.43	47.19	0.607 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Methanex Corporation in short term but the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Methanex Corporation in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 42.64 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 negative.

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