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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 2024-10-09 View latest technical analysis

10 day averaged volume of Methanex Corporation is 363140

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	43.16	42.59	43.34	42.47	0.416 times
08 Tue Oct 2024	42.78	44.00	44.70	42.33	0.887 times
07 Mon Oct 2024	44.90	44.60	45.44	44.34	0.989 times
04 Fri Oct 2024	44.57	45.00	45.00	44.22	0.965 times
03 Thu Oct 2024	44.24	42.82	44.32	42.40	1.794 times
02 Wed Oct 2024	42.82	42.50	42.95	42.05	1.173 times
01 Tue Oct 2024	42.04	41.12	42.20	40.72	1.521 times
30 Mon Sep 2024	41.34	41.64	41.64	40.51	0.709 times
27 Fri Sep 2024	41.63	41.92	42.65	41.60	0.539 times
26 Thu Sep 2024	41.37	40.60	41.62	40.46	0.849 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 43.2 as stoploss in an intra day sell trade for a target of 41.1. However, stock will show a bullish move above 43.2.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	36.13
Downside Target	37.85
Downside Target	39.33
Downside Target	42.33
Upside Target	45.00
Upside Target	45.44
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	41.85
Downside Intraday Target	40.53
Upside Intraday Target	44.96
Upside Intraday Target	46.75
Upside Intraday Target	43.64

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	43.16	44.60	45.44	42.33	0.372 times
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

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
09 Wed Oct 2024	43.16	41.12	45.44	40.72	0.32 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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Methanex Corporation in short term and the buy signal is strong.

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

Methanex Corporation Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 SELL signal for Methanex Corporation in short term but SELL signal is weak.

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

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 43.05 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.