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 2024-10-04 View latest technical analysis

10 day averaged volume of Methanex Corporation is 343150

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	44.57	45.00	45.00	44.22	1.021 times
03 Thu Oct 2024	44.24	42.82	44.32	42.40	1.899 times
02 Wed Oct 2024	42.82	42.50	42.95	42.05	1.241 times
01 Tue Oct 2024	42.04	41.12	42.20	40.72	1.61 times
30 Mon Sep 2024	41.34	41.64	41.64	40.51	0.75 times
27 Fri Sep 2024	41.63	41.92	42.65	41.60	0.571 times
26 Thu Sep 2024	41.37	40.60	41.62	40.46	0.899 times
25 Wed Sep 2024	40.36	40.62	41.20	39.78	0.605 times
24 Tue Sep 2024	40.77	40.07	40.91	39.96	0.644 times
23 Mon Sep 2024	39.47	39.61	40.19	39.33	0.838 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 45, for a target of 42.4 or 40.19

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	36.13
Downside Target	37.85
Downside Target	39.33
Downside Target	41.92
Upside Target	45.00
Upside Target	46.08
Upside Target	46.52
Upside Target	47.46
Upside Target	49.18
Upside Target	53.54
Upside Target	53.70

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	41.72
Downside Intraday Target	38.87
Upside Intraday Target	46.21
Upside Intraday Target	47.85
Downside Intraday Target	43.36

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	44.57	41.64	45.00	40.51	1.833 times
27 Fri Sep 2024	41.63	39.61	42.65	39.33	0.624 times
20 Fri Sep 2024	39.55	37.85	40.85	37.85	0.501 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Methanex Corporation (MEOH)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	44.57	41.12	45.00	40.72	0.225 times
30 Mon Sep 2024	41.34	46.01	46.08	36.13	1.148 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

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 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 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 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 Strong and stock is gaining 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 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 42.28 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.