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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 2024-08-02 View latest technical analysis

10 day averaged volume of Methanex Corporation is 239931

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	43.03	44.50	45.12	41.85	2.713 times
01 Thu Aug 2024	45.79	48.69	49.18	45.39	1.233 times
31 Wed Jul 2024	48.59	46.78	49.80	46.52	2.965 times
30 Tue Jul 2024	46.68	47.29	47.74	46.67	1.033 times
29 Mon Jul 2024	47.56	47.51	48.12	47.05	0.756 times
26 Fri Jul 2024	47.57	48.27	48.41	47.34	0.697 times
25 Thu Jul 2024	47.94	47.68	48.70	47.21	0.593 times
24 Wed Jul 2024	48.21	48.72	49.09	48.13	0.834 times
23 Tue Jul 2024	48.93	49.48	49.48	48.56	0.618 times
22 Mon Jul 2024	49.60	49.21	49.69	49.02	0.672 times

Stock of Methanex Corporation (MEOH) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 43.8, for a target of 46.6 or 48.87

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	41.85
Upside Target	44.39
Upside Target	46.52
Upside Target	49.18
Upside Target	49.69
Upside Target	49.80
Upside Target	51.42
Upside Target	51.54
Upside Target	53.54
Upside Target	53.70
Upside Target	56.43

Intraday share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Intraday Target	39.99
Downside Intraday Target	36.94
Upside Intraday Target	47.94
Upside Intraday Target	52.84
Upside Intraday Target	44.89

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	43.03	47.51	49.80	41.85	2.549 times
26 Fri Jul 2024	47.57	49.21	49.69	47.21	0.824 times
19 Fri Jul 2024	49.58	50.96	53.54	49.54	0.888 times
12 Fri Jul 2024	51.08	47.14	51.54	46.83	3.617 times
05 Fri Jul 2024	47.33	48.19	49.23	46.91	0.768 times

Price has moved down 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
02 Fri Aug 2024	43.03	48.69	49.18	41.85	0.198 times
31 Wed Jul 2024	48.59	48.50	53.54	46.52	1.307 times
28 Fri Jun 2024	48.26	53.68	53.70	47.46	0.675 times
31 Fri May 2024	53.68	47.71	56.43	47.19	0.607 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

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 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 46.79 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.