METHANEX CORP (MEOH) Stock Technical Analysis
USA - NASDAQ:MEOH - CA59151K1084 - Common Stock
39.745 USD
+1.47 (+3.85%)
Overall MEOH gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MEOH is only an average performer.
The long and short term trends are both positive. This is looking good!
MEOH is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, MEOH turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
MEOH is an average performer in the Chemicals industry, it outperforms 67% of 83 stocks in the same industry.
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.
MEOH has an excellent technical rating, but the quality of the setup is 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
We found 6 important support areas.
- A support zone ranging from 39.09 to 39.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.22 to 38.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 35.65 to 35.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.94 from a trend line in the daily time frame.
- A support zone ranging from 33.10 to 33.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @39.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 50.76 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 | UP | POSITIVE | The long term trend for MEOH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEOH is up. |
| ChartMill Relative Strength | 46.46 | NEUTRAL | MEOH is not amongst the best or worst performers 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) | 54.5 | NEUTRAL | The RSI value for MEOH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests MEOH has a negative trend. |
| Stochastics (14,3) | 40.41 | NEUTRAL | The Stochastics value for MEOH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for MEOH suggests some volalility. |
| Average Directional Index/ADX (14) | 44.93 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 39.83 | 38.21 | 1.62 (4.07%) | 24.59% |
| An entry @39.83. This is a Buy Stop order right above the resistance zone. | An exit @38.21. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.62 points, which is 4.07%. | When investing 24.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MEOH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:MEOH (9/26/2025, 1:43:29 PM)
39.745
+1.47 (+3.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg3.85%
1 Week-3.21%
2 Weeks-3.8%
1 Month7.83%
3 Month12.1%
6 Month8.35%
12 Month-8.07%
2 Year-15.05%
3 Year20.08%
5 Year56.84%
10 Year15.41%
15 Year56.27%
Volatility
ATR(14)1.15
ATR(20)%2.98%
ATR Inc-3.12%
Range Today1.4
ADR(20)1.13
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.46
Mansfield-1.16
10 Day High41.45
10 Day Low37.9
20 Day High41.45
20 Day Low34.7
52 Week High54.49
52 Week Low25.46
CS1 End38.26
CR1 Start39.09
Volume & EV
DER(3)2.68%
DER(5)0.76%
Volume147.94K
Volume Incr38.75%
Vol(5)554.42K
Vol(50)466.06K