METHANEX CORP (MX.CA) Stock Technical Analysis
Canada - TSX:MX - CA59151K1084 - Common Stock
55.41 CAD
+2.04 (+3.82%)
We assign a technical rating of 8 out of 10 to MX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MX is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month MX has a been trading in the 47.83 - 57.30 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, MX outperforms 47% of them, which is more or less in line with the market.
MX is part of the Chemicals industry. There are 30 other stocks in this industry, MX did better than 44% of them.
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.
Although MX has an excellent technical rating, it does not offer a high 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
55.97
We found 5 important support areas.
- A support zone ranging from 52.77 to 54.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.06 to 49.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.08 from a trend line in the daily time frame.
- Support @45.01 from a horizontal line in the daily time frame.
- Support @44.05 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 55.42 to 55.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 47.61 | NEUTRAL | MX.CA is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of MX.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.47 | NEUTRAL | The RSI value for MX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests MX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.97 | NEUTRAL | The Stochastics value for MX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for MX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 45.36 | 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 (9/26/2025, 7:00:00 PM)
55.41
+2.04 (+3.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg3.82%
1 Week3.61%
2 Weeks2.1%
1 Month12.85%
3 Month18.35%
6 Month9.55%
12 Month-1.35%
2 Year-9.48%
3 Year25.93%
5 Year70.65%
10 Year25.31%
15 Year119.71%
Volatility
ATR(14)1.59
ATR(20)%2.82%
ATR Inc37.19%
Range Today2.31
ADR(20)1.55
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.61
Mansfield-0.94
10 Day High57.3
10 Day Low52.87
20 Day High57.3
20 Day Low47.83
52 Week High78.18
52 Week Low36.1
CS1 End54.3
CR1 Start55.42
Volume & EV
DER(3)3.28%
DER(5)-0.95%
Volume203.02K
Volume Incr12.95%
Vol(5)229.79K
Vol(50)202.87K