Technical Analysis for MEOH - Methanex Corporation

Grade Last Price % Change Price Change
grade D 20.93 2.30% 0.47
MEOH closed up 4.55 percent on Monday, August 10, 2020, on 58 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical MEOH trend table...

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 2.30%
Crossed Above 50 DMA Bullish 2.30%
MACD Bullish Centerline Cross Bullish 2.30%
MACD Bullish Signal Line Cross Bullish 2.30%
Bollinger Band Squeeze Range Contraction 2.30%
Multiple of Ten Bullish Other 2.30%
Bollinger Band Squeeze Range Contraction 6.95%
Fell Below 20 DMA Bearish 7.50%
Fell Below 50 DMA Bearish 7.50%
Bollinger Band Squeeze Range Contraction 7.50%

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Profile

Methanex Corporation produces, supplies, and sells methanol to petrochemical producers and distributors. The company also purchases and re-sells methanol produced by others. Its methanol is a clear liquid commodity chemical that is used to produce traditional chemical derivatives, including formaldehyde, acetic acid, and various other chemicals. The company's methanol is used in energy-related applications; for blending into gasoline, as a feedstock in the production of dimethyl ether, which can be blended with liquefied petroleum gas for use in household cooking and heating, and in the production of biodiesel; and to produce methyl tertiary-butyl ether, a gasoline component, as well as used into olefins applications. In addition, it operates a fleet of methanol ocean tankers with a capacity ranging from 3,000 to 100,000 deadweight tons. The company has a network of production hubs and terminals in North and South America, New Zealand, Europe, the Middle East, and Asia, as well as distributed terminals and storage facilities located throughout in the U.S Gulf Coast, the Mediterranean, Northwest Europe, Korea, and South China. Methanex Corporation was founded in 1968 and is headquartered in Vancouver, Canada.
Chemistry Physical Sciences Chemicals Chemical Substances Commodity Chemicals Petroleum Gas Petrochemical Ethanol Energy Storage Energy Related Applications Hazardous Air Pollutants Synthetic Fuels

Is MEOH a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 42.19
52 Week Low 9.0
Average Volume 605,510
200-Day Moving Average 25.89
50-Day Moving Average 19.80
20-Day Moving Average 19.66
10-Day Moving Average 19.33
Average True Range 0.87
ADX 8.89
+DI 31.00
-DI 23.05
Chandelier Exit (Long, 3 ATRs ) 18.32
Chandelier Exit (Short, 3 ATRs ) 20.60
Upper Bollinger Band 20.94
Lower Bollinger Band 18.37
Percent B (%b) 0.81
BandWidth 13.07
MACD Line 0.09
MACD Signal Line 0.03
MACD Histogram 0.052
Fundamentals Value
Market Cap 1.76 Billion
Num Shares 86.2 Million
EPS 2.57
Price-to-Earnings (P/E) Ratio 7.96
Price-to-Sales 1.69
Price-to-Book 2.73
PEG Ratio 0.98
Dividend 1.20
Dividend Yield 5.87%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.83
Resistance 3 (R3) 21.67 21.07 21.60
Resistance 2 (R2) 21.07 20.72 21.14 21.52
Resistance 1 (R1) 20.76 20.50 20.92 20.92 21.45
Pivot Point 20.16 20.16 20.23 20.23 20.16
Support 1 (S1) 19.85 19.81 20.01 20.01 19.47
Support 2 (S2) 19.25 19.59 19.32 19.40
Support 3 (S3) 18.94 19.25 19.32
Support 4 (S4) 19.10