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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.

10 day averaged volume of Methanex Corporation is 235220

Date Daily Closing Price Open High Low Volume
09 Fri Apr 2021 39.79 37.67 39.85 37.67 1.596 times
08 Thu Apr 2021 37.32 37.57 38.40 36.90 1.076 times
07 Wed Apr 2021 37.21 37.44 37.82 36.63 0.843 times
06 Tue Apr 2021 37.60 38.13 38.81 37.50 0.85 times
05 Mon Apr 2021 38.14 38.30 38.39 37.46 0.892 times
01 Thu Apr 2021 37.72 37.26 38.01 36.82 0.935 times
31 Wed Mar 2021 36.80 36.99 37.38 36.21 0.837 times
30 Tue Mar 2021 36.73 36.38 36.93 35.82 0.885 times
29 Mon Mar 2021 36.62 36.89 37.80 36.58 0.925 times
26 Fri Mar 2021 37.02 36.56 37.12 36.02 1.321 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 40 as stoploss in an intra day sell trade for a target of 38.1. However, stock will show a bullish move above 40.

Share price targets for Methanex Corporation (MEOH)

Target Type Value
Downside Target 31.80
Downside Target 33.01
Downside Target 34.04
Downside Target 35.82
Downside Target 36.63
Downside Target 37.77
Upside Target 39.85
Upside Target 41.90
Upside Target 42.83
Upside Target 44.50
Upside Target 47.74
Upside Target 49.27

Intraday share price targets for Methanex Corporation (MEOH)

Target Type Value
Downside Intraday Target 37.66
Downside Intraday Target 35.54
Upside Intraday Target 40.88
Upside Intraday Target 41.98
Downside Intraday Target 38.76

Weekly technical analysis of Methanex Corporation (MEOH)

Date Weekly Closing Price Open High Low Volume
09 Fri Apr 2021 39.79 38.30 39.85 36.63 1.468 times
01 Thu Apr 2021 37.72 36.89 38.01 35.82 0.472 times
26 Fri Mar 2021 37.02 38.52 38.52 34.04 0.978 times
19 Fri Mar 2021 38.38 42.60 42.83 37.77 1.221 times
12 Fri Mar 2021 42.64 42.46 44.50 40.59 1.024 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
09 Fri Apr 2021 39.79 37.26 39.85 36.63 0.193 times
31 Wed Mar 2021 36.80 39.50 44.50 34.04 0.897 times
26 Fri Feb 2021 38.54 33.99 41.90 33.01 0.849 times
29 Fri Jan 2021 33.11 46.09 49.27 31.80 1.464 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 29, 23, 12 Buy
MACD -1, -1Buy
Stochastics 78Buy
CCI 189Buy
RSI 49Sell
OBV -880100Sell
VWAP 38Buy
ADL 0Sell
ROC 10Buy
Force Index 0Sell

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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Methanex Corporation stock for short term is BUY. Signal strength is Weak 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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 37.63 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.

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