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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 2024-11-05 View latest technical analysis

10 day averaged volume of Methanex Corporation is 221740

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	39.38	38.99	39.93	38.89	0.97 times
04 Mon Nov 2024	39.19	39.59	40.23	39.19	1.005 times
01 Fri Nov 2024	39.09	39.26	39.82	38.87	0.876 times
31 Thu Oct 2024	39.17	39.52	39.63	38.75	1.009 times
30 Wed Oct 2024	39.66	39.58	40.39	39.25	0.479 times
29 Tue Oct 2024	39.37	39.92	40.02	39.15	1.324 times
28 Mon Oct 2024	40.02	40.16	40.48	39.81	0.676 times
25 Fri Oct 2024	40.56	40.71	40.79	40.19	1.123 times
24 Thu Oct 2024	40.38	40.29	40.46	39.38	1.063 times
23 Wed Oct 2024	39.96	40.59	40.74	39.58	1.155 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39.4, but if it comes above 39.4, then a intra day buy could be more profitable.
If you take a sell trade below 39.4, then use 39.4 as stoploss and 38 as target. However if you take a buy trade in stock , then use 39.4 as stoploss and 40.58 as target.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	36.13
Downside Target	38.75
Upside Target	40.88
Upside Target	42.08
Upside Target	42.46
Upside Target	45.44
Upside Target	46.08
Upside Target	46.52
Upside Target	49.18
Upside Target	53.54

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	38.77
Downside Intraday Target	38.16
Upside Intraday Target	40.11
Upside Intraday Target	40.84
Upside Intraday Target	39.5

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	39.38	39.59	40.23	38.89	0.453 times
01 Fri Nov 2024	39.09	40.16	40.48	38.75	0.685 times
25 Fri Oct 2024	40.56	40.77	40.88	39.38	1.199 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

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
05 Tue Nov 2024	39.38	39.26	40.23	38.87	0.093 times
31 Thu Oct 2024	39.17	41.12	45.44	38.75	0.77 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

Scroll below to view daily charts

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)

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 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 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 Strong and stock is gaining momentum.

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

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 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 moving up

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 and selling is picking up 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 39.69 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.