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. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that MX is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by MX over the past year are nicely spread over this period.
- MX is part of the Chemicals industry. There are 26 other stocks in this industry. MX outperforms 72% of them.
- 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 - 89.50 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MX.CA Weekly and Daily overview Charts
MX.CA Setup Rating and Analysis
MX has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
MX.CA Support and Resistance Analysis
46.29
5 important support areas can be observed.
- A support zone ranging from 81.49 to 83.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 76.32 to 77.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @72.00 from a trend line in the daily time frame.
- Support @58.58 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.
We found 1 important resistance 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 | 85.64 | POSITIVE | MX.CA has a high relative strength, it outperformed 85.64% off all stocks 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) | 59.75 | NEUTRAL | The RSI value for MX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests MX.CA has a positive trend. |
| Stochastics (14,3) | 93.14 | OVERBOUGHT | The high Stochastics value suggests MX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5 | HIGH VOLATILITY | The high ATR as a percentage value for MX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.76 | NEGATIVE | The low ADX value for MX.CA suggests a weak or negative trend. |
MX.CA Chart- and CandleStick Pattern Analysis
MX.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:MX (5/1/2026, 7:00:00 PM)
87.36
-1.52 (-1.71%)
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 59.7456. 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 83 and a resistance level at 90.57. Check the full technical report for our detailed analysis of MX.CA support and resistance levels.