METHANEX CORP (MX.CA) Stock Technical Analysis
TSX:MX • CA59151K1084
We assign a technical rating of 8 out of 10 to MX. Although MX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 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.
- In the last month MX has a been trading in the 62.39 - 70.99 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.
- 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 58% of all stocks.
- MX is an average performer in the Chemicals industry, it outperforms 50% of 29 stocks in the same industry.
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 support zone below the current price at 62.89, a Stop Loss order could be placed below this zone.
More info and screens
46.29
6 important support areas can be observed.
- Support @62.89 from a horizontal line in the daily time frame.
- Support @61.77 from a trend line in the daily time frame.
- Support @54.28 from a trend line in the weekly time frame.
- A support zone ranging from 50.85 to 51.15. 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.
We found 1 important resistance area.
- A resistance zone ranging from 66.60 to 67.11. This zone is formed by a combination of multiple trend lines 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 MX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MX.CA is up. |
| ChartMill Relative Strength | 58.16 | 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) | 56.51 | NEUTRAL | The RSI value for MX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests MX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.15 | NEUTRAL | The Stochastics value for MX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for MX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 34.15 | 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 | 63.73 | 3.39 (5.05%) | 19.80% |
| An entry @67.12. This is a Buy Stop order right above the resistance zone. | An exit @63.73. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.39 points, which is 5.05%. | For a 1.00% total portfolio risk, you can invest 19.80% of your capital in this trade. |
- 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 (2/13/2026, 7:00:00 PM)
66.46
+0.94 (+1.43%)
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 56.5075. 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 -0.362195, 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.