METHANEX CORP (MX.CA) Technical Analysis
TSX:MX • CA59151K1084
Current stock price
MX.CA Technical Rating and Analysis
Overall MX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MX is one of the better performing stocks in the market, outperforming 84% of all stocks. We also observe that the gains produced by MX over the past year are nicely spread over this period.
- MX is one of the better performing stocks in the Chemicals industry, it outperforms 72% of 26 stocks in the same industry.
- 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 71.69 - 92.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
MX.CA Weekly and Daily overview Charts
MX.CA Setup Rating and Analysis
MX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 75.69, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
MX.CA Support and Resistance Analysis
46.29
We found 4 important support areas.
- A support zone ranging from 74.24 to 75.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @71.36 from a trend line in the daily time frame.
- Support @58.19 from a trend line in the weekly time frame.
- A support zone ranging from 46.76 to 47.07. 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 90.57 to 90.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
MX.CA Technical Indicator Signal Analysis
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 | 84.41 | POSITIVE | MX.CA has a high relative strength, it outperformed 84.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MX.CA is below a declining 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) | 53.16 | NEUTRAL | The RSI value for MX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests MX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.49 | NEUTRAL | The Stochastics value for MX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.02 | HIGH VOLATILITY | The high ATR as a percentage value for MX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.72 | NEGATIVE | The low ADX value for MX.CA suggests a weak or negative trend. |
MX.CA Chart- and CandleStick Pattern Analysis
MX.CA Example Setup
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 |
|---|---|---|---|
| 85.24 | 74.23 | 11.01 (12.92%) | 7.74% |
| An entry @85.24. This is a Buy Stop order right above the 10 day high. | An exit @74.23. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 11.01 points, which is 12.92%. | When investing 7.74% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
MX.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:MX (4/24/2026, 7:00:00 PM)
81.49
-1.18 (-1.43%)
METHANEX CORP / MX.CA TA FAQ
What is the technical rating for MX stock?
ChartMill assigns a technical rating of 10 / 10 to MX.CA.
Can you provide the trend direction for METHANEX CORP?
The current trend direction for METHANEX CORP (MX.CA) is Bullish.
What is the RSI signal for METHANEX CORP (MX.CA) stock?
METHANEX CORP (MX.CA) has an RSI value of 53.1606. This indicates that the stock is currently neutral.
What is the buy/sell signal for MX stock?
The buy/sell signal for METHANEX CORP (MX.CA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for MX stock?
METHANEX CORP (MX.CA) has a support level at 75.69 and a resistance level at 90.57. Check the full technical report for our detailed analysis of MX.CA support and resistance levels.