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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 2024-06-11 View latest technical analysis

10 day averaged volume of Methanex Corporation is 199960

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	50.87	50.63	50.92	50.00	1.426 times
10 Mon Jun 2024	51.11	51.24	51.41	50.54	0.879 times
07 Fri Jun 2024	50.89	50.35	51.22	50.06	0.796 times
06 Thu Jun 2024	50.88	50.64	51.52	50.48	0.97 times
05 Wed Jun 2024	50.50	50.30	50.56	49.77	1.197 times
04 Tue Jun 2024	50.52	51.09	51.11	50.15	1.066 times
03 Mon Jun 2024	51.61	53.68	53.70	51.45	1.182 times
31 Fri May 2024	53.68	53.27	53.80	52.59	1.043 times
30 Thu May 2024	53.00	52.14	53.58	52.14	0.885 times
29 Wed May 2024	52.35	52.76	52.76	52.00	0.626 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51.1, but if it comes above 51.1, then a intra day buy could be more profitable.
If you take a sell trade below 51.1, then use 51.1 as stoploss and 49.6 as target. However if you take a buy trade in stock , then use 51.1 as stoploss and 52.38 as target.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	41.35
Downside Target	44.39
Downside Target	45.58
Downside Target	47.19
Downside Target	49.77
Upside Target	52.00
Upside Target	53.70
Upside Target	53.80
Upside Target	54.28
Upside Target	56.43

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	50.11
Downside Intraday Target	49.35
Upside Intraday Target	51.52
Upside Intraday Target	52.17
Downside Intraday Target	50.76

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	50.87	51.24	51.41	50.00	0.442 times
07 Fri Jun 2024	50.89	53.68	53.70	49.77	1.333 times
31 Fri May 2024	53.68	52.86	53.80	52.00	0.807 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

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
11 Tue Jun 2024	50.87	53.68	53.70	49.77	0.277 times
31 Fri May 2024	53.68	47.71	56.43	47.19	0.607 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

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 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 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 SELL. Signal strength is Weak 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 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 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 51.47 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.