METHANEX CORP (MX.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:MX • CA59151K1084
We assign a technical rating of 8 out of 10 to MX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MX is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- MX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MX is lagging the market slightly.
- MX 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, MX turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- MX is part of the Chemicals industry. There are 27 other stocks in this industry, MX did better than 42% of them.
Besides having an excellent technical rating, MX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 67.11. Right above this resistance zone may be a good entry point.
More info and screens
46.29
7 important support areas can be observed.
- A support zone ranging from 64.62 to 65.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.89 from a horizontal line in the daily time frame.
- A support zone ranging from 59.64 to 59.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.89 from a trend line in the weekly time frame.
- A support zone ranging from 50.42 to 50.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.69 from a horizontal line in the daily time frame.
- A support zone ranging from 46.76 to 47.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 67.11 to 67.11. 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 | UP | POSITIVE | The long term trend for MX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MX.CA is up. |
| ChartMill Relative Strength | 47.32 | 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) | UP | POSITIVE | The current price of MX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.55 | NEUTRAL | The RSI value for MX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests MX.CA has a negative trend. |
| Stochastics (14,3) | 53.43 | NEUTRAL | The Stochastics value for MX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for MX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 40.79 | POSITIVE | The high ADX value value for MX.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 67.12 | 64.61 | 2.51 (3.74%) | 25.00% |
| An entry @67.12. This is a Buy Stop order right above the resistance zone. | An exit @64.61. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.51 points, which is 3.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of MX. 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.
TSX:MX (2/2/2026, 7:00:00 PM)
65.39
+0.42 (+0.65%)
METHANEX CORP / MX.CA FAQ
What is the technical rating for MX stock?
ChartMill assigns a technical rating of 8 / 10 to MX.CA.
What is the trend direction for MX stock?
The current trend direction for METHANEX CORP (MX.CA) is Bullish.
What is the RSI signal for MX stock?
METHANEX CORP (MX.CA) has an RSI value of 60.5535. This indicates that the stock is currently neutral.
What is the MACD signal for METHANEX CORP (MX.CA) stock?
The MACD indicator for METHANEX CORP (MX.CA) has a value of -0.377188, indicating a bearish trend.
Can you provide the short term momentum for METHANEX CORP?
The short term momentum for METHANEX CORP (MX.CA) is positive.