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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 2024-08-28 View latest technical analysis

10 day averaged volume of Methanex Corporation is 215398

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	45.19	45.37	45.89	45.11	0.684 times
27 Tue Aug 2024	46.27	46.40	46.48	45.60	0.562 times
26 Mon Aug 2024	46.41	46.27	47.56	46.27	1.218 times
23 Fri Aug 2024	46.05	44.93	46.69	44.93	1.504 times
22 Thu Aug 2024	44.60	44.81	44.97	44.30	0.66 times
21 Wed Aug 2024	44.77	44.96	44.96	44.38	0.886 times
20 Tue Aug 2024	44.46	44.48	45.03	43.94	1.783 times
19 Mon Aug 2024	44.83	45.25	45.44	44.58	0.352 times
16 Fri Aug 2024	45.07	45.04	45.39	44.44	1.117 times
15 Thu Aug 2024	45.47	45.29	45.87	45.22	0.779 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 45.8 as stoploss in an intra day sell trade for a target of 44.13. However, stock will show a bullish move above 45.8.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	39.87
Downside Target	41.85
Downside Target	43.94
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	44.35
Downside Intraday Target	43.5
Upside Intraday Target	46.8
Upside Intraday Target	48.4
Upside Intraday Target	45.95

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	45.19	46.27	47.56	45.11	0.475 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 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
28 Wed Aug 2024	45.19	48.69	49.18	39.87	1.438 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 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 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. Bulls are getting tired and bears 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 45.32 and Methanex Corporation (MEOH) stock is trading below this level. This means that stock is falling with high volumes. 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.