(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.
10 day averaged volume of Methanex Corporation is 303632
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 53.65 | 53.68 | 54.28 | 53.46 | 1.067 times |
| 16 Thu May 2024 | 53.58 | 52.38 | 53.85 | 52.38 | 1.145 times |
| 15 Wed May 2024 | 52.70 | 53.30 | 53.34 | 52.07 | 1.042 times |
| 14 Tue May 2024 | 53.27 | 53.00 | 53.52 | 52.48 | 0.926 times |
| 13 Mon May 2024 | 52.83 | 50.92 | 53.55 | 50.67 | 2.113 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 54.6, for a target of 52 or 49.83
Share price targets for Methanex Corporation (MEOH)
| Target Type | Value |
| Downside Target | 41.35 |
| Downside Target | 42.79 |
| Downside Target | 44.39 |
| Downside Target | 45.58 |
| Downside Target | 49.14 |
| Downside Target | 50.67 |
| Downside Target | 50.68 |
| Downside Target | 50.91 |
| Downside Target | 51.23 |
| Downside Target | 51.42 |
| Upside Target | 54.28 |
Intraday share price targets for Methanex Corporation (MEOH)
| Target Type | Value |
| Downside Intraday Target | 51.45 |
| Downside Intraday Target | 49.26 |
| Upside Intraday Target | 55.06 |
| Upside Intraday Target | 56.48 |
| Downside Intraday Target | 52.87 |
Weekly technical analysis of Methanex Corporation (MEOH)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 53.65 | 50.92 | 54.28 | 50.67 | 1.698 times |
| 10 Fri May 2024 | 50.48 | 48.80 | 51.23 | 48.37 | 0.725 times |
| 03 Fri May 2024 | 48.23 | 48.91 | 50.68 | 47.19 | 0.766 times |
| 26 Fri Apr 2024 | 48.27 | 47.97 | 50.91 | 46.46 | 1.338 times |
| 19 Fri Apr 2024 | 47.91 | 48.29 | 49.14 | 46.67 | 0.95 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 |
| 17 Fri May 2024 | 53.65 | 47.71 | 54.28 | 47.19 | 0.411 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 |
| 29 Thu Feb 2024 | 44.84 | 46.00 | 47.41 | 41.35 | 1.845 times |
Price has moved up 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 36, 9, 59 | Buy |
| MACD | 3, 2 | Buy |
| Stochastics | 90 | Buy |
| CCI | 96 | Buy |
| RSI | 51 | Buy |
| OBV | 4163485 | Sell |
| VWAP | 52 | Buy |
| ADL | 0 | Sell |
| ROC | 11 | Buy |
| Force Index | 0 | Sell |
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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Methanex Corporation in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! 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 but buying is losing 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 51.82 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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