METHANEX CORP (MX.CA) Stock Technical Analysis
TSX:MX - Toronto Stock Exchange - CA59151K1084 - Common Stock - Currency: CAD
We assign a technical rating of 1 out of 10 to MX. MX'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.
92% of all other stocks performed better in the past year than MX.
MX is part of the Chemicals industry. There are 29 other stocks in this industry, of which 85% are performing better than MX.
MX 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 MX is lagging the market.
In the last month MX has a been trading in the 43.27 - 49.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MX has a bad technical rating, but it does show a decent setup pattern. 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 44.80, a Stop Loss order could be placed below this zone.
More info and screens
43.60
49.19
We found 1 important support area.
- A support zone ranging from 44.04 to 44.80. 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 45.39 to 46.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @46.90 from a horizontal line in the weekly time frame.
- Resistance @48.70 from a horizontal line in the daily 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 MX.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MX.CA is neutral. |
| ChartMill Relative Strength | 8.6 | NEGATIVE | MX.CA has a low relative strength, it was outperformed by 91.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MX.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MX.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.09 | NEUTRAL | The RSI value for MX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests MX.CA has a negative trend. |
| Stochastics (14,3) | 41.42 | NEUTRAL | The Stochastics value for MX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for MX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.16 | NEGATIVE | The low ADX value for MX.CA 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)
TSX:MX (6/5/2025, 7:00:00 PM)
44.81
-0.57 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.26%
1 Week-2.33%
2 Weeks-1.78%
1 Month0.18%
3 Month-26.19%
6 Month-33.28%
12 Month-35.98%
2 Year-18.14%
3 Year-8.87%
5 Year82.9%
10 Year-35.73%
15 Year113.89%
Volatility
ATR(14)1.33
ATR(20)%3.38%
ATR Inc-31%
Range Today1.17
ADR(20)1.32
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.6
Mansfield-2.67
10 Day High47.04
10 Day Low43.27
20 Day High49.59
20 Day Low43.27
52 Week High78.18
52 Week Low36.1
CS1 End44.8
CR1 Start45.39
Volume & EV
DER(3)0.56%
DER(5)-0.56%
Volume138.02K
Volume Incr-5.11%
Vol(5)185.69K
Vol(50)232.52K