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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MEOH is a bad performer in the overall market: 89% of all stocks are doing better.
MEOH is one of the lesser performing stocks in the Chemicals industry. 71% of 85 stocks in the same industry do better.
MEOH is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month MEOH has a been trading in the 26.24 - 33.45 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is bad, MEOH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 32.99. Right above this resistance zone may be a good entry point.
More info and screens
31.80
54.22
We found 1 important support area.
- A support zone ranging from 32.12 to 32.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 32.99 to 32.99. This zone is formed by a combination of multiple trend lines 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.68
Mansfield-2.55
10 Day High33.45
10 Day Low29.93
20 Day High33.45
20 Day Low26.24
52 Week High56.43
52 Week Low25.46
Performance
1 Week-1.64%
2 Weeks4.41%
1 Month23.44%
3 Month-35.97%
6 Month-23.11%
12 Month-35.74%
2 Year-20.63%
3 Year-34.4%
5 Year101.37%
10 Year-41.54%
15 Year54.11%
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)0.6
RSI(14)52.89
LBB29.53
UBB33.68
32.44
+0.12 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.37%
1 Week-1.64%
2 Weeks4.41%
1 Month23.44%
3 Month-35.97%
6 Month-23.11%
12 Month-35.74%
2 Year-20.63%
3 Year-34.4%
5 Year101.37%
10 Year-41.54%
15 Year54.11%
Volatility
ATR(14)1.3
ATR(20)%3.73%
ATR Inc-30.12%
Range Today0.88
ADR(20)1.11
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.68
Mansfield-2.55
10 Day High33.45
10 Day Low29.93
20 Day High33.45
20 Day Low26.24
52 Week High56.43
52 Week Low25.46
CS1 End32.43
CR1 Start32.99
Volume & EV
DER(3)-0.23%
DER(5)-0.95%
Volume504.06K
Volume Incr-30.64%
Vol(5)593.53K
Vol(50)651.28K