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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 2024-09-17 View latest technical analysis

10 day averaged volume of Methanex Corporation is 586630

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	39.32	38.81	39.78	38.62	0.602 times
16 Mon Sep 2024	38.62	37.85	38.83	37.85	0.862 times
13 Fri Sep 2024	37.74	37.80	38.73	37.48	1.104 times
12 Thu Sep 2024	37.39	36.70	37.65	36.56	0.574 times
11 Wed Sep 2024	36.58	37.17	37.20	36.13	0.885 times
10 Tue Sep 2024	36.82	38.73	38.85	36.78	1.523 times
09 Mon Sep 2024	39.10	37.90	40.76	37.30	2.571 times
06 Fri Sep 2024	42.45	44.83	44.94	41.92	0.96 times
05 Thu Sep 2024	44.97	44.93	45.45	44.66	0.434 times
04 Wed Sep 2024	44.60	44.55	45.15	44.32	0.458 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 39 as stoploss in an intra day buy trade for a target of 42.75. However, stock will show a bearish move below 39.

Share price targets for Methanex Corporation (MEOH)

Target Type	Value
Downside Target	36.13
Downside Target	37.85
Upside Target	39.78
Upside Target	40.76
Upside Target	41.92
Upside Target	45.11
Upside Target	46.05
Upside Target	47.46
Upside Target	47.56
Upside Target	49.18
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	38.19
Downside Intraday Target	37.05
Upside Intraday Target	40.12
Upside Intraday Target	40.91
Downside Intraday Target	38.98

Weekly technical analysis of Methanex Corporation (MEOH)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	39.32	37.85	39.78	37.85	0.22 times
13 Fri Sep 2024	37.74	37.90	40.76	36.13	2.684 times
06 Fri Sep 2024	42.45	46.01	46.08	41.92	6.904 times
30 Fri Aug 2024	46.69	46.05	46.82	46.05	0.191 times
30 Fri Aug 2024	46.69	46.27	47.56	45.11	0.988 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
17 Tue Sep 2024	39.32	46.01	46.08	36.13	0.812 times
30 Fri Aug 2024	46.69	48.69	49.18	39.87	1.602 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

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 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 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 Strong and stock is losing momentum.

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

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

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

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 39.08 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 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.