35.09 USD
+1.06 (+3.11%)
35.09 USD
0 (0%)
We assign a technical rating of 0 out of 10 to MEOH. 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.
When comparing the yearly performance of all stocks, MEOH is a bad performer in the overall market: 77% of all stocks are doing better.
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 82 other stocks in this industry, MEOH did better than 62% of them.
MEOH is currently trading in the middle 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 slightly.
In the last month MEOH has a been trading in the 32.00 - 39.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MEOH has a poor technical rating and the quality of the setup is also only medium 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
32.11
54.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.84 to 34.28. 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.
- Support @32.43 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- Resistance @35.35 from a trend line in the weekly time frame.
- A resistance zone ranging from 36.15 to 37.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 50.42 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 | 23.36 | NEGATIVE | MEOH has a low relative strength, it was outperformed by 76.64% 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) | DOWN | NEGATIVE | The current price of MEOH is below 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) | 45.12 | NEUTRAL | The RSI value for MEOH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests MEOH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.75 | OVERSOLD | The low Stochastics value suggests MEOH may be oversold. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for MEOH suggests some volalility. |
| Average Directional Index/ADX (14) | 16.82 | 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)
35.09
+1.06 (+3.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg3.11%
1 Week-4.62%
2 Weeks-6.23%
1 Month-1.71%
3 Month-2.64%
6 Month6.75%
12 Month-23.75%
2 Year-17.8%
3 Year-10.05%
5 Year-16.05%
10 Year-10.53%
15 Year19.72%
Volatility
ATR(14)1.17
ATR(20)%4.59%
ATR Inc1.18%
Range Today1.37
ADR(20)1.49
ADR(20)%4.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.36
3 months CRS40.18
6 months CRS56.2
Mansfield-1.57
10 Day High38.86
10 Day Low34.01
20 Day High39.81
20 Day Low32
52 Week High54.49
52 Week Low25.46
CS1 End34.28
CR1 Start35.35
Volume & EV
DER(3)-1.18%
DER(5)-1.73%
Volume475.60K
Volume Incr-35.75%
Vol(5)371.90K
Vol(50)508.67K
METHANEX CORP / MEOH FAQ
What is the ChartMill technical rating of METHANEX CORP (MEOH) stock?
ChartMill assigns a technical rating of 0 / 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 45.1203. 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 34.28 and a resistance level at 35.35. Check the full technical report for our detailed analysis of MEOH support and resistance levels.