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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 2024-11-07 View latest technical analysis

10 day averaged volume of Methanex Corporation is 232070

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	41.84	42.50	42.87	40.36	3.875 times
06 Wed Nov 2024	38.97	40.16	40.24	38.78	1.854 times
05 Tue Nov 2024	39.38	38.99	39.93	38.89	0.927 times
04 Mon Nov 2024	39.19	39.59	40.23	39.19	0.96 times
01 Fri Nov 2024	39.09	39.26	39.82	38.87	0.837 times
31 Thu Oct 2024	39.17	39.52	39.63	38.75	0.964 times
30 Wed Oct 2024	39.66	39.58	40.39	39.25	0.458 times
29 Tue Oct 2024	39.37	39.92	40.02	39.15	1.265 times
28 Mon Oct 2024	40.02	40.16	40.48	39.81	0.646 times
25 Fri Oct 2024	40.56	40.71	40.79	40.19	1.073 times

Stock of Methanex Corporation (MEOH) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.3, but if it comes below 41.3, then a intra day sell could be more profitable.
If you take a sell trade below 41.3, then use 41.3 as stoploss and 40.32 as target. However if you take a buy trade in stock , then use 41.3 as stoploss and 42.4 as target.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	36.13
Downside Target	38.75
Upside Target	42.08
Upside Target	42.87
Upside Target	45.44
Upside Target	46.08
Upside Target	46.52
Upside Target	49.18
Upside Target	53.54

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	39.46
Downside Intraday Target	37.07
Upside Intraday Target	43.55
Upside Intraday Target	45.25
Downside Intraday Target	41.16

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	41.84	39.59	42.87	38.78	1.827 times
01 Fri Nov 2024	39.09	40.16	40.48	38.75	0.685 times
25 Fri Oct 2024	40.56	40.77	40.88	39.38	1.199 times
18 Fri Oct 2024	40.53	41.62	42.46	40.47	0.824 times
11 Fri Oct 2024	42.13	44.60	45.44	42.08	0.639 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
07 Thu Nov 2024	41.84	39.26	42.87	38.78	0.29 times
31 Thu Oct 2024	39.17	41.12	45.44	38.75	0.77 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

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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls 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 buy signal for Methanex Corporation in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 40.15 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 positive

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