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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 2024-08-27 View latest technical analysis

10 day averaged volume of Methanex Corporation is 264058

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	46.27	46.40	46.48	45.60	0.459 times
26 Mon Aug 2024	46.41	46.27	47.56	46.27	0.993 times
23 Fri Aug 2024	46.05	44.93	46.69	44.93	1.227 times
22 Thu Aug 2024	44.60	44.81	44.97	44.30	0.539 times
21 Wed Aug 2024	44.77	44.96	44.96	44.38	0.723 times
20 Tue Aug 2024	44.46	44.48	45.03	43.94	1.454 times
19 Mon Aug 2024	44.83	45.25	45.44	44.58	0.287 times
16 Fri Aug 2024	45.07	45.04	45.39	44.44	0.911 times
15 Thu Aug 2024	45.47	45.29	45.87	45.22	0.635 times
14 Wed Aug 2024	44.36	44.30	44.61	43.78	0.93 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 46.2, but if it comes below 46.2, then a intra day sell could be more profitable.
If you take a sell trade below 46.2, then use 46.2 as stoploss and 44.3 as target. However if you take a buy trade in stock , then use 46.2 as stoploss and 48.5 as target.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	39.87
Downside Target	41.85
Downside Target	43.94
Downside Target	45.60
Upside Target	47.46
Upside Target	47.56
Upside Target	49.18
Upside Target	49.80
Upside Target	51.42
Upside Target	53.54
Upside Target	53.70
Upside Target	56.43

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	45.39
Downside Intraday Target	44.52
Upside Intraday Target	47.35
Upside Intraday Target	48.44
Upside Intraday Target	46.48

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	46.27	46.27	47.56	45.60	0.343 times
23 Fri Aug 2024	46.05	45.25	46.69	43.94	0.679 times
16 Fri Aug 2024	45.07	42.22	45.87	42.22	0.624 times
09 Fri Aug 2024	42.22	41.45	44.17	39.87	1.264 times
02 Fri Aug 2024	43.03	47.51	49.80	41.85	2.549 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
27 Tue Aug 2024	46.27	48.69	49.18	39.87	1.407 times
31 Wed Jul 2024	48.59	48.50	53.54	46.52	1.307 times
28 Fri Jun 2024	48.26	53.68	53.70	47.46	0.675 times
31 Fri May 2024	53.68	47.71	56.43	47.19	0.607 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 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 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 tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Methanex Corporation in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 45.22 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.