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 2024-06-18 View latest technical analysis

10 day averaged volume of Methanex Corporation is 185370

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	48.31	48.33	48.57	48.00	0.603 times
18 Tue Jun 2024	48.31	48.33	48.57	48.00	0.603 times
17 Mon Jun 2024	48.33	47.91	48.46	47.85	0.677 times
14 Fri Jun 2024	48.13	49.05	49.19	47.66	1.077 times
13 Thu Jun 2024	49.59	50.59	50.67	49.39	0.903 times
12 Wed Jun 2024	50.93	51.83	52.29	50.72	1.059 times
11 Tue Jun 2024	50.87	50.63	50.92	50.00	1.538 times
10 Mon Jun 2024	51.11	51.24	51.41	50.54	0.948 times
07 Fri Jun 2024	50.89	50.35	51.22	50.06	0.858 times
06 Thu Jun 2024	50.88	50.64	51.52	50.48	1.047 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 49.3, but if it comes above 49.3, then a intra day buy could be more profitable.
If you take a sell trade below 49.3, then use 49.3 as stoploss and 47.2 as target. However if you take a buy trade in stock , then use 49.3 as stoploss and 51.01 as target.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	41.35
Downside Target	44.39
Downside Target	45.58
Downside Target	47.19
Upside Target	49.77
Upside Target	51.42
Upside Target	52.00
Upside Target	52.29
Upside Target	53.70
Upside Target	53.80
Upside Target	56.43

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	48.02
Downside Intraday Target	47.72
Upside Intraday Target	48.59
Upside Intraday Target	48.86
Downside Intraday Target	48.29

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	48.31	48.33	48.57	48.00	0.471 times
18 Tue Jun 2024	48.31	47.91	48.57	47.85	0.232 times
14 Fri Jun 2024	48.13	51.24	52.29	47.66	0.983 times
07 Fri Jun 2024	50.89	53.68	53.70	49.77	1.333 times
31 Fri May 2024	53.68	52.86	53.80	52.00	0.807 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
18 Tue Jun 2024	48.31	53.68	53.70	47.66	0.445 times
31 Fri May 2024	53.68	47.71	56.43	47.19	0.607 times
30 Tue Apr 2024	47.91	44.70	51.42	44.39	1.86 times
28 Thu Mar 2024	44.63	45.02	45.58	41.47	0.624 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Methanex Corporation stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Methanex Corporation in short term and the sell signal is strong.

Methanex Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Methanex Corporation in short term

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 49.95 and Methanex Corporation (MEOH) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.