METHANEX CORP (MX.CA) Stock Technical Analysis
TSX:MX - Toronto Stock Exchange - CA59151K1084 - Common Stock - Currency: CAD
Taking everything into account, MX scores 3 out of 10 in our technical rating. In the past year, MX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MX is a bad performer in the overall market: 82% of all stocks are doing better.
MX is one of the lesser performing stocks in the Chemicals industry. 74% of 28 stocks in the same industry do better.
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 44.78 - 51.87 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
MX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
43.60
51.78
2 important support areas can be observed.
- Support @44.89 from a horizontal line in the weekly time frame.
- Support @44.04 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 47.49 to 48.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @49.11 from a trend line in the daily time frame.
- A resistance zone ranging from 50.81 to 51.27. 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 | DOWN | NEGATIVE | The long term trend for MX.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MX.CA is neutral. |
| ChartMill Relative Strength | 18.81 | NEGATIVE | MX.CA has a low relative strength, it was outperformed by 81.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MX.CA is below 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 | NEGATIVE | The current price of MX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.12 | NEUTRAL | The RSI value for MX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests MX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.12 | 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) | 13.25 | NEGATIVE | The low ADX value for MX.CA suggests a weak or negative 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 (7/3/2025, 7:00:00 PM)
47.05
+0.53 (+1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.14%
1 Week1.53%
2 Weeks-7.85%
1 Month3.68%
3 Month15.09%
6 Month-34.1%
12 Month-27.03%
2 Year-20.83%
3 Year-1.24%
5 Year89.56%
10 Year-20.17%
15 Year103.77%
Volatility
ATR(14)1.94
ATR(20)%3.8%
ATR Inc-28.03%
Range Today0.92
ADR(20)1.61
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.81
Mansfield-2.47
10 Day High51.87
10 Day Low44.97
20 Day High51.87
20 Day Low44.78
52 Week High78.18
52 Week Low36.1
CS1 End44.89
CR1 Start49.92
Volume & EV
DER(3)-0.59%
DER(5)-2.07%
Volume104.49K
Volume Incr-7.92%
Vol(5)251.19K
Vol(50)236.78K