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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 2024-10-21 View latest technical analysis

10 day averaged volume of Methanex Corporation is 260670

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	40.49	40.77	40.85	39.96	1.48 times
18 Fri Oct 2024	40.53	41.51	41.54	40.47	0.841 times
17 Thu Oct 2024	41.07	41.22	41.40	40.70	0.729 times
16 Wed Oct 2024	41.30	41.42	42.46	41.00	1.04 times
15 Tue Oct 2024	40.89	41.15	41.49	40.60	1.164 times
14 Mon Oct 2024	41.82	41.62	42.14	41.25	0.744 times
11 Fri Oct 2024	42.13	42.74	42.93	42.08	1.201 times
10 Thu Oct 2024	42.92	43.16	43.28	42.81	1.087 times
09 Wed Oct 2024	43.16	42.59	43.34	42.47	0.58 times
08 Tue Oct 2024	42.78	44.00	44.70	42.33	1.236 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.7, but if it comes above 40.7, then a intra day buy could be more profitable.
If you take a sell trade below 40.7, then use 40.7 as stoploss and 39.1 as target. However if you take a buy trade in stock , then use 40.7 as stoploss and 42.06 as target.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	36.13
Downside Target	39.33
Upside Target	42.08
Upside Target	45.00
Upside Target	45.44
Upside Target	46.08
Upside Target	46.52
Upside Target	47.46
Upside Target	49.18
Upside Target	53.54
Upside Target	53.70

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	40.02
Downside Intraday Target	39.54
Upside Intraday Target	40.91
Upside Intraday Target	41.32
Downside Intraday Target	40.43

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	40.49	40.77	40.85	39.96	0.328 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
04 Fri Oct 2024	44.57	41.64	45.00	40.51	1.833 times
27 Fri Sep 2024	41.63	39.61	42.65	39.33	0.624 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
21 Mon Oct 2024	40.49	41.12	45.44	39.96	0.565 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
31 Wed Jul 2024	48.59	48.50	53.54	46.52	1.307 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 neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Weak 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 getting stronger in this stock.

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

CCI has generated a SELL signal for Methanex Corporation in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 41.65 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 positive

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