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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 2024-06-21 View latest technical analysis

10 day averaged volume of Methanex Corporation is 172720

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	48.64	48.80	49.02	48.35	1.321 times
20 Thu Jun 2024	48.56	48.01	48.77	47.98	1.13 times
18 Tue Jun 2024	48.31	48.33	48.57	48.00	0.647 times
18 Tue Jun 2024	48.31	48.33	48.57	48.00	0.647 times
17 Mon Jun 2024	48.33	47.91	48.46	47.85	0.727 times
14 Fri Jun 2024	48.13	49.05	49.19	47.66	1.156 times
13 Thu Jun 2024	49.59	50.59	50.67	49.39	0.969 times
12 Wed Jun 2024	50.93	51.83	52.29	50.72	1.137 times
11 Tue Jun 2024	50.87	50.63	50.92	50.00	1.651 times
10 Mon Jun 2024	51.11	51.24	51.41	50.54	1.017 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 48.8, but if it comes above 48.8, then a intra day buy could be more profitable.
If you take a sell trade below 48.8, then use 48.8 as stoploss and 46.8 as target. However if you take a buy trade in stock , then use 48.8 as stoploss and 50.58 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
Upside Target	49.77
Upside Target	51.42
Upside Target	52.00
Upside Target	52.29
Upside Target	53.70
Upside Target	53.80
Upside Target	56.43

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	48.07
Downside Intraday Target	47.51
Upside Intraday Target	49.11
Upside Intraday Target	49.59
Downside Intraday Target	48.55

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	48.64	48.33	49.02	47.98	2.255 times
18 Tue Jun 2024	48.31	47.91	48.57	47.85	0.232 times
14 Fri Jun 2024	48.13	51.24	52.29	47.66	0.983 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Methanex Corporation (MEOH)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	48.64	53.68	53.70	47.66	0.523 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 Weak and stock is losing 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 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 buy signal for Methanex Corporation in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 49.45 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.