METHANEX CORP (MX.CA) Stock Technical Analysis
Canada - TSX:MX - CA59151K1084 - Common Stock
47.58 CAD
-0.05 (-0.1%)
We assign a technical rating of 1 out of 10 to MX. MX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MX is a bad performer in the overall market: 87% of all stocks are doing better.
MX is part of the Chemicals industry. There are 28 other stocks in this industry, of which 70% are performing better than MX.
MX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MX has a been trading in the 47.32 - 57.41 range, which is quite wide. It is currently trading near the lows of this range.
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.
More info and screens
43.61
55.39
When analyzing the support we can see 2 important areas.
- Support @47.57 from a horizontal line in the weekly time frame.
- A support zone ranging from 44.05 to 45.01. 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 52.99 to 53.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @54.84 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for MX.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MX.CA is down. |
| ChartMill Relative Strength | 13.5 | NEGATIVE | MX.CA has a low relative strength, it was outperformed by 86.5% 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 | MIXED | The current price of MX.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.65 | OVERSOLD | The low RSI value suggests MX.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.97 | NEGATIVE | The MACD value suggests MX.CA has a negative trend. |
| Stochastics (14,3) | 2.41 | OVERSOLD | The low Stochastics value suggests MX.CA may be oversold. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for MX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.39 | POSITIVE | The high ADX value value for MX.CA suggests a strong trend. |
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)
TSX:MX (10/20/2025, 7:00:00 PM)
47.58
-0.05 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.1%
1 Week-5.63%
2 Weeks-11.59%
1 Month-11.03%
3 Month1.28%
6 Month10.47%
12 Month-15.52%
2 Year-16.91%
3 Year0.06%
5 Year20.46%
10 Year-8.8%
15 Year67.54%
Volatility
ATR(14)1.73
ATR(20)%3.8%
ATR Inc4.35%
Range Today1.29
ADR(20)1.8
ADR(20)%3.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.5
Mansfield-2.17
10 Day High57.41
10 Day Low47.32
20 Day High57.41
20 Day Low47.32
52 Week High78.18
52 Week Low36.1
CS1 End47.57
CR1 Start52.99
Volume & EV
DER(3)-2.1%
DER(5)-3.04%
Volume222.46K
Volume Incr-18.44%
Vol(5)177.97K
Vol(50)202.50K