METHANEX CORP (MEOH) Stock Technical Analysis
NASDAQ:MEOH - Nasdaq - CA59151K1084 - Common Stock - Currency: USD
Taking everything into account, MEOH scores 1 out of 10 in our technical rating. MEOH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, MEOH is a bad performer in the overall market: 90% of all stocks are doing better.
MEOH is part of the Chemicals industry. There are 85 other stocks in this industry, of which 67% are performing better than MEOH.
MEOH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MEOH is lagging the market.
In the last month MEOH has a been trading in the 31.65 - 35.54 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MEOH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 32.63, a Stop Loss order could be placed below this zone.
More info and screens
31.76
54.22
When analyzing the support we notice one important area.
- A support zone ranging from 32.08 to 32.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 33.07 to 33.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.42 to 34.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @51.08 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for MEOH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MEOH is neutral. |
| ChartMill Relative Strength | 10.79 | NEGATIVE | MEOH has a low relative strength, it was outperformed by 89.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MEOH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MEOH is above a declining 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) | 48.68 | NEUTRAL | The RSI value for MEOH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MEOH has a negative trend. |
| Stochastics (14,3) | 30.93 | NEUTRAL | The Stochastics value for MEOH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for MEOH suggests some volalility. |
| Average Directional Index/ADX (14) | 17.97 | NEGATIVE | The low ADX value for MEOH suggests a weak or negative 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)
32.64
-0.56 (-1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.69%
1 Week-0.67%
2 Weeks-2.54%
1 Month0.83%
3 Month-25.89%
6 Month-30.38%
12 Month-39.2%
2 Year-20.14%
3 Year-33.99%
5 Year102.61%
10 Year-41.18%
15 Year55.06%
Volatility
ATR(14)1.21
ATR(20)%3.58%
ATR Inc-28.65%
Range Today0.69
ADR(20)1.05
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.79
Mansfield-2.57
10 Day High34.82
10 Day Low31.89
20 Day High35.54
20 Day Low31.65
52 Week High54.49
52 Week Low25.46
CS1 End32.63
CR1 Start33.07
Volume & EV
DER(3)2.02%
DER(5)1.88%
Volume364.10K
Volume Incr-39.85%
Vol(5)356.12K
Vol(50)605.72K