METHANEX CORP (MX.CA) Stock Technical Analysis
TSX:MX - Toronto Stock Exchange - CA59151K1084 - Common Stock - Currency: CAD
Taking everything into account, MX scores 0 out of 10 in our technical rating. MX 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 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, MX is a bad performer in the overall market: 86% of all stocks are doing better.
MX is part of the Chemicals industry. There are 29 other stocks in this industry, of which 82% are performing better than MX.
MX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MX has a been trading in the 44.97 - 48.48 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 46.41, a Stop Loss order could be placed below this zone.
More info and screens
43.60
51.78
We found 3 important support areas.
- A support zone ranging from 45.98 to 46.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.01 from a horizontal line in the daily time frame.
- A support zone ranging from 44.04 to 44.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 47.34 to 47.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @49.86 from a trend line in the daily time frame.
- A resistance zone ranging from 51.27 to 51.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 14.35 | NEGATIVE | MX.CA has a low relative strength, it was outperformed by 85.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MX.CA is above a declining 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) | 50.12 | NEUTRAL | The RSI value for MX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MX.CA has a positive trend. |
| Stochastics (14,3) | 42.52 | NEUTRAL | The Stochastics value for MX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for MX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 8.84 | 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 (7/29/2025, 7:00:00 PM)
46.69
-0.29 (-0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.62%
1 Week1.3%
2 Weeks2.55%
1 Month-0.41%
3 Month2.51%
6 Month-38.47%
12 Month-21.88%
2 Year-21.54%
3 Year-2.12%
5 Year87.87%
10 Year-20.89%
15 Year101.95%
Volatility
ATR(14)1.24
ATR(20)%2.78%
ATR Inc-2.23%
Range Today0.84
ADR(20)1.2
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.35
Mansfield-2.43
10 Day High48.13
10 Day Low45.03
20 Day High48.48
20 Day Low44.97
52 Week High78.18
52 Week Low36.1
CS1 End46.41
CR1 Start46.66
Volume & EV
DER(3)-1.08%
DER(5)-0.33%
Volume140.42K
Volume Incr-21.44%
Vol(5)166.43K
Vol(50)219.20K