METHANEX CORP (MEOH) Stock Technical Analysis
NASDAQ:MEOH - Nasdaq - CA59151K1084 - Common Stock
We assign a technical rating of 8 out of 10 to MEOH. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MEOH is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
MEOH is one of the better performing stocks in the Chemicals industry, it outperforms 85% of 85 stocks in the same industry.
In the last month MEOH has a been trading in the 45.51 - 51.43 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, MEOH did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
MEOH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MEOH is lagging the market.
Besides having an excellent technical rating, MEOH also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for MEOH in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
40.99
55.60
When analyzing the support we can see 5 important areas.
- Support @50.61 from a trend line in the daily time frame.
- A support zone ranging from 48.93 to 49.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @48.13 from a horizontal line in the daily time frame.
- A support zone ranging from 45.71 to 45.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 41.40 to 41.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.69 to 55.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80
Mansfield0
10 Day High51.43
10 Day Low47.12
20 Day High51.43
20 Day Low45.51
52 Week High56.43
52 Week Low36.13
Performance
1 Week5.81%
2 Weeks2.89%
1 Month11.13%
3 Month25.35%
6 Month6.87%
12 Month11.54%
2 Year7.42%
3 Year11.74%
5 Year56.67%
10 Year15.28%
15 Year127.78%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)62.72
LBB47.7
UBB51.37
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 51.44 | 50.60 | 0.84 (1.63%) | 25.00% |
| An entry @51.44. This is a Buy Stop order right above the 10 day high. | An exit @50.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.84 points, which is 1.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
- The distance between exit and entry is rather small compared to the average daily movement of MEOH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
METHANEX CORP
NASDAQ:MEOH (1/21/2025, 8:13:45 PM)
After market: 51 +0.16 (+0.31%)50.84
+1.52 (+3.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg3.08%
1 Week5.81%
2 Weeks2.89%
1 Month11.13%
3 Month25.35%
6 Month6.87%
12 Month11.54%
2 Year7.42%
3 Year11.74%
5 Year56.67%
10 Year15.28%
15 Year127.78%
Volatility
ATR(14)1.46
ATR(20)%2.81%
ATR Inc34.96%
Range Today2.41
ADR(20)1.35
ADR(20)%2.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80
Mansfield0
10 Day High51.43
10 Day Low47.12
20 Day High51.43
20 Day Low45.51
52 Week High56.43
52 Week Low36.13
CS1 End50.61
CR1 Start53.69
Volume & EV
DER(3)4.78%
DER(5)2.39%
Volume689.30K
Volume Incr-1.44%
Vol(5)361.58K
Vol(50)354.46K