We assign a technical rating of 6 out of 10 to MEOH. In the last year, MEOH was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
MEOH has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
32.77
We found 4 important support areas.
- A support zone ranging from 36.17 to 37.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.81 from a trend line in the daily time frame.
- A support zone ranging from 33.84 to 33.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @33.10 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 39.77 to 39.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 50.30 to 51.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @53.68 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MEOH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEOH is up. |
| ChartMill Relative Strength | 26.57 | NEGATIVE | MEOH has a low relative strength, it was outperformed by 73.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEOH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEOH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MEOH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.64 | NEUTRAL | The RSI value for MEOH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests MEOH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.6 | OVERBOUGHT | The high Stochastics value suggests MEOH may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for MEOH suggests some volalility. |
| Average Directional Index/ADX (14) | 19.8 | NEGATIVE | The low ADX value for MEOH suggests a weak or negative trend. |
39.39
+0.59 (+1.52%)
METHANEX CORP / MEOH FAQ
What is the ChartMill technical rating of METHANEX CORP (MEOH) stock?
ChartMill assigns a technical rating of 6 / 10 to MEOH.
What is the current trend direction of METHANEX CORP (MEOH) stock?
The current trend direction for METHANEX CORP (MEOH) is Bearish.
What is the RSI signal for MEOH stock?
METHANEX CORP (MEOH) has an RSI value of 63.635. This indicates that the stock is currently neutral.
What is the support and resistance level for MEOH stock?
METHANEX CORP (MEOH) has a support level at 37.06 and a resistance level at 39.77. Check the full technical report for our detailed analysis of MEOH support and resistance levels.