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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 2024-08-29 View latest technical analysis

10 day averaged volume of Methanex Corporation is 205578

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	46.24	45.64	47.00	45.47	1.76 times
28 Wed Aug 2024	45.19	45.37	45.89	45.11	0.717 times
27 Tue Aug 2024	46.27	46.40	46.48	45.60	0.589 times
26 Mon Aug 2024	46.41	46.27	47.56	46.27	1.276 times
23 Fri Aug 2024	46.05	44.93	46.69	44.93	1.576 times
22 Thu Aug 2024	44.60	44.81	44.97	44.30	0.692 times
21 Wed Aug 2024	44.77	44.96	44.96	44.38	0.929 times
20 Tue Aug 2024	44.46	44.48	45.03	43.94	1.868 times
19 Mon Aug 2024	44.83	45.25	45.44	44.58	0.368 times
16 Fri Aug 2024	45.07	45.04	45.39	44.44	1.17 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 45.8, but if it comes below 45.8, then a intra day sell could be more profitable.
If you take a sell trade below 45.8, then use 45.8 as stoploss and 44.15 as target. However if you take a buy trade in stock , then use 45.8 as stoploss and 47.8 as target.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	39.87
Downside Target	41.85
Downside Target	43.94
Upside Target	47.46
Upside Target	47.56
Upside Target	49.18
Upside Target	49.80
Upside Target	51.42
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	45.05
Downside Intraday Target	43.85
Upside Intraday Target	47.5
Upside Intraday Target	48.75
Upside Intraday Target	46.3

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	46.24	46.27	47.56	45.11	0.799 times
23 Fri Aug 2024	46.05	45.25	46.69	43.94	0.679 times
16 Fri Aug 2024	45.07	42.22	45.87	42.22	0.624 times
09 Fri Aug 2024	42.22	41.45	44.17	39.87	1.264 times
02 Fri Aug 2024	43.03	47.51	49.80	41.85	2.549 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
29 Thu Aug 2024	46.24	48.69	49.18	39.87	1.514 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, and volume has increased substantially. This means that the move can 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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 45.46 and Methanex Corporation (MEOH) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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