METHANEX CORP (MX.CA) Technical Analysis
TSX:MX • CA59151K1084
Current stock price
MX.CA Technical Rating and Analysis
Taking everything into account, MX scores 8 out of 10 in our technical rating. In the last year, MX was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month MX has a been trading in the 71.69 - 92.97 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, MX did better than 79% of all other 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 74% of 28 stocks in the same industry.
- 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.
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. Prices have been consolidating lately. There is a support zone below the current price at 74.42, 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 6 important support areas.
- A support zone ranging from 73.63 to 74.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @70.85 from a trend line in the daily time frame.
- Support @58.19 from a trend line in the weekly time frame.
- Support @52.92 from a trend line in the daily time frame.
- Support @48.69 from a horizontal line in the daily 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 79.94 to 81.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @85.59 from a trend line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for MX.CA is neutral. |
| ChartMill Relative Strength | 79.88 | POSITIVE | MX.CA has a high relative strength, it outperformed 79.88% 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) | 45.82 | NEUTRAL | The RSI value for MX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.5 | NEGATIVE | The MACD value suggests MX.CA has a negative trend. |
| Stochastics (14,3) | 21.38 | NEUTRAL | The Stochastics value for MX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.88 | HIGH VOLATILITY | The high ATR as a percentage value for MX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.93 | NEUTRAL | The ADX value for MX.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 81.78 | 73.62 | 8.16 (9.98%) | 10.02% |
| An entry @81.78. This is a Buy Stop order right above the resistance zone. | An exit @73.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.16 points, which is 9.98%. | When investing 10.02% 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 (4/20/2026, 7:00:00 PM)
75.57
+1.33 (+1.79%)
METHANEX CORP / MX.CA TA FAQ
What is the technical rating for MX stock?
ChartMill assigns a technical rating of 8 / 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 45.8244. This indicates that the stock is currently neutral.
What is the support and resistance level for MX stock?
METHANEX CORP (MX.CA) has a support level at 74.42 and a resistance level at 79.94. Check the full technical report for our detailed analysis of MX.CA support and resistance levels.