METHANEX CORP (MX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MX - CA59151K1084 - Common Stock
Taking everything into account, MX scores 8 out of 10 in our technical rating. 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.
Although MX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
46.29
We found 5 important support areas.
- A support zone ranging from 55.86 to 56.26. 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 52.32 to 53.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.11 to 50.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.69 from a horizontal line in the daily time frame.
- A support zone ranging from 46.76 to 47.39. This zone is formed by a combination of multiple trend lines 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 | 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 | 54.82 | 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) | UP | POSITIVE | The current price of MX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.22 | OVERBOUGHT | The high RSI value suggests MX.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.96 | POSITIVE | The MACD value suggests MX.CA has a positive trend. |
| Stochastics (14,3) | 99.43 | OVERBOUGHT | The high Stochastics value suggests MX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for MX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 42.94 | POSITIVE | The high ADX value value for MX.CA suggests a strong trend. |
TSX:MX (1/9/2026, 7:00:00 PM)
65.19
+2.45 (+3.91%)
METHANEX CORP / MX.CA FAQ
What is the technical rating for MX stock?
ChartMill assigns a technical rating of 8 / 10 to MX.CA.
What is the trend direction for MX stock?
The current trend direction for METHANEX CORP (MX.CA) is Bullish.
What is the RSI signal for MX stock?
METHANEX CORP (MX.CA) has an RSI value of 82.2167. This indicates that the stock is currently overbought.
What is the MACD signal for METHANEX CORP (MX.CA) stock?
The MACD indicator for METHANEX CORP (MX.CA) has a value of 0.961967, indicating a bearish trend.
Can you provide the short term momentum for METHANEX CORP?
The short term momentum for METHANEX CORP (MX.CA) is positive.