METHANEX CORP (MX.CA) Stock Technical Analysis
TSX:MX - CA59151K1084 - Common Stock
53.41 CAD
+2.13 (+4.15%)
Taking everything into account, MX scores 7 out of 10 in our technical rating. MX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
MX is one of the lesser performing stocks in the Chemicals industry. 65% of 27 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MX has a been trading in the 44.57 - 53.46 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, MX turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
MX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MX is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
43.61
53.94
When analyzing the support we can see 3 important areas.
- A support zone ranging from 46.62 to 49.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.01 to 45.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.05 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 | NEUTRAL | NEUTRAL | The long term trend for MX.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MX.CA is up. |
| ChartMill Relative Strength | 40.17 | NEUTRAL | MX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MX.CA is above the rising 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) | 74.18 | OVERBOUGHT | The high RSI value suggests MX.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests MX.CA has a positive trend. |
| Stochastics (14,3) | 90.08 | OVERBOUGHT | The high Stochastics value suggests MX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for MX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.51 | NEUTRAL | The ADX value for MX.CA suggests a possible start of a new 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 (9/5/2025, 7:00:00 PM)
53.41
+2.13 (+4.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg4.15%
1 Week8.78%
2 Weeks13.52%
1 Month19.54%
3 Month17.59%
6 Month-12.02%
12 Month-7.27%
2 Year-12.74%
3 Year21.39%
5 Year64.49%
10 Year20.78%
15 Year111.78%
Volatility
ATR(14)1.36
ATR(20)%2.48%
ATR Inc122.25%
Range Today2.44
ADR(20)1.3
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.17
Mansfield-1.14
10 Day High53.46
10 Day Low47.19
20 Day High53.46
20 Day Low44.57
52 Week High78.18
52 Week Low36.1
CS1 End49.73
CR1 StartN/A
Volume & EV
DER(3)13.62%
DER(5)7.83%
Volume297.11K
Volume Incr-22.61%
Vol(5)171.73K
Vol(50)196.70K