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METHANEX CORP (MX.CA) Stock Technical Analysis

TSX:MX - Toronto Stock Exchange - CA59151K1084 - Common Stock - Currency: CAD

65.96  -0.07 (-0.11%)

Technical Rating and Analysis

2

Overall MX gets a technical rating of 2 out of 10. In the last year, MX was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

In the last month MX has a been trading in the 65.23 - 78.18 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.
MX is one of the better performing stocks in the Chemicals industry, it outperforms 70% of 32 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, MX outperforms 49% of them, which is more or less in line with the market.
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.
Weekly and Daily overview Charts
METHANEX CORP / MX Weekly stock chart
METHANEX CORP / MX Daily stock chart
Setup Rating and Analysis

3

The technical rating of MX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

50.92

72.67

3 important support areas can be observed.

  • A support zone ranging from 65.23 to 65.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @62.56 from a trend line in the daily time frame.
  • Support @51.43 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 70.10 to 71.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.05
Mansfield-0.76
10 Day High78.18
10 Day Low65.23
20 Day High78.18
20 Day Low65.23
52 Week High78.18
52 Week Low49.21
Performance
1 Week-9.81%
2 Weeks-13.92%
1 Month-8.52%
3 Month8.64%
6 Month5.69%
12 Month2.74%
2 Year-5.22%
3 Year-1.14%
5 Year68.84%
10 Year-4.04%
15 Year161.9%
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)
Technical Indicators
MACD(12,26,9)-1.21
RSI(14)32.25
LBB64.39
UBB79.05
METHANEX CORP / MX Daily stock chart

METHANEX CORP

TSX:MX (2/18/2025, 7:00:00 PM)

65.96

-0.07 (-0.11%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.11%
1 Week-9.81%
2 Weeks-13.92%
1 Month-8.52%
3 Month8.64%
6 Month5.69%
12 Month2.74%
2 Year-5.22%
3 Year-1.14%
5 Year68.84%
10 Year-4.04%
15 Year161.9%
Volatility
ATR(14)2.59
ATR(20)%3.55%
ATR Inc-43.06%
Range Today1.81
ADR(20)2.3
ADR(20)%3.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.05
Mansfield-0.76
10 Day High78.18
10 Day Low65.23
20 Day High78.18
20 Day Low65.23
52 Week High78.18
52 Week Low49.21
CS1 End65.23
CR1 Start70.1
Volume & EV
DER(3)-13.12%
DER(5)-12.2%
Volume160.91K
Volume Incr16.76%
Vol(5)170.27K
Vol(50)143.87K