METHANEX CORP (MEOH) Stock Technical Analysis
USA - NASDAQ:MEOH - CA59151K1084 - Common Stock
33.99 USD
-1.17 (-3.33%)
33.99 USD
0 (0%)
Taking everything into account, MEOH scores 1 out of 10 in our technical rating. MEOH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
77% of all other stocks performed better in the past year than MEOH.
In the last month MEOH has a been trading in the 33.71 - 41.45 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
MEOH is part of the Chemicals industry. There are 83 other stocks in this industry, MEOH did better than 54% of them.
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.
The technical rating of MEOH is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
32.11
54.22
When analyzing the support we can see 2 important areas.
- Support @33.10 from a horizontal line in the daily time frame.
- A support zone ranging from 32.43 to 32.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 36.40 to 37.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.11 to 38.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @39.81 from a horizontal line in the daily time frame.
- A resistance zone ranging from 50.64 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 | DOWN | NEGATIVE | The short term trend for MEOH is down. |
| ChartMill Relative Strength | 23.35 | NEGATIVE | MEOH has a low relative strength, it was outperformed by 76.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MEOH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MEOH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MEOH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.19 | NEUTRAL | The RSI value for MEOH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests MEOH has a negative trend. |
| Stochastics (14,3) | 3.76 | OVERSOLD | The low Stochastics value suggests MEOH may be oversold. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for MEOH suggests some volalility. |
| Average Directional Index/ADX (14) | 30.61 | POSITIVE | The high ADX value value for MEOH suggests a strong trend. |
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)
33.99
-1.17 (-3.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-3.33%
1 Week-5.56%
2 Weeks-11.81%
1 Month-12.33%
3 Month0.77%
6 Month25.8%
12 Month-16.14%
2 Year-17.6%
3 Year-2.58%
5 Year14.56%
10 Year-14.88%
15 Year22.4%
Volatility
ATR(14)1.37
ATR(20)%4.15%
ATR Inc-3.33%
Range Today1.29
ADR(20)1.35
ADR(20)%3.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.35
Mansfield-2.1
10 Day High41.35
10 Day Low33.71
20 Day High41.45
20 Day Low33.71
52 Week High54.49
52 Week Low25.46
CS1 End33.1
CR1 Start36.4
Volume & EV
DER(3)-0.05%
DER(5)-0.39%
Volume599.50K
Volume Incr-6.11%
Vol(5)456.10K
Vol(50)446.40K