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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 2024-05-28 View latest technical analysis

10 day averaged volume of Methanex Corporation is 310220

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	53.12	52.86	53.73	52.86	0.874 times
23 Thu May 2024	52.28	52.68	52.68	51.85	0.689 times
22 Wed May 2024	52.23	52.65	53.17	52.07	0.65 times
21 Tue May 2024	53.46	54.37	54.50	52.81	0.765 times
20 Mon May 2024	55.04	53.66	56.43	53.66	1.019 times
17 Fri May 2024	53.65	53.68	54.28	53.46	1.044 times
16 Thu May 2024	53.58	52.38	53.85	52.38	1.121 times
15 Wed May 2024	52.70	53.30	53.34	52.07	1.02 times
14 Tue May 2024	53.27	53.00	53.52	52.48	0.906 times
13 Mon May 2024	52.83	50.92	53.55	50.67	2.068 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 53.4 as stoploss in an intra day sell trade for a target of 51.16. However, stock will show a bullish move above 53.4.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	41.35
Downside Target	42.79
Downside Target	44.39
Downside Target	45.58
Downside Target	47.19
Downside Target	50.67
Downside Target	51.42
Downside Target	51.85
Downside Target	52.86
Upside Target	53.73
Upside Target	54.28
Upside Target	56.43

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	52.74
Downside Intraday Target	52.37
Upside Intraday Target	53.61
Upside Intraday Target	54.11
Upside Intraday Target	53.24

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	53.12	52.86	53.73	52.86	0.28 times
23 Thu May 2024	52.28	53.66	56.43	51.85	0.507 times
17 Fri May 2024	53.65	50.92	54.28	50.67	1.698 times
10 Fri May 2024	50.48	48.80	51.23	48.37	0.725 times
03 Fri May 2024	48.23	48.91	50.68	47.19	0.766 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
28 Tue May 2024	53.12	47.71	56.43	47.19	0.55 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
29 Thu Feb 2024	44.84	46.00	47.41	41.35	1.759 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Methanex Corporation in short term and BUY 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

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 53.24 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 positive

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