Technical Analysis for MEOH - Methanex Corporation

Grade Last Price % Change Price Change
D 37.47 -0.69% -0.26
MEOH closed down 0.69 percent on Thursday, May 13, 2021, on 82 percent of normal volume. It ran into resistance at its 50 day moving average.

Trend Table & Recent EOD Signals

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

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
MACD Bearish Signal Line Cross Bearish 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
20 DMA Resistance Bearish -0.69%
50 DMA Resistance Bearish -0.69%
Down 3 Days in a Row Weakness -0.69%
Fell Below 20 DMA Bearish -0.79%
Fell Below 50 DMA Bearish -0.79%
Older End-of-Day Signals for MEOH ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
60 Minute Opening Range Breakdown about 16 hours ago
Down 1% about 16 hours ago
20 DMA Resistance about 18 hours ago
50 DMA Resistance about 20 hours ago
10 DMA Resistance about 20 hours ago
View Earlier Intraday Alerts

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Methanex Corporation Description

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.


Classification

Sector: Basic Materials
Industry: Chemicals
Keywords: Chemicals Acid Chemical Substances Tanker Commodity Chemicals Tankers Cooking Petroleum Gas Liquefied Petroleum Gas Energy Storage Biodiesel Methane Petrochemical Ethanol Related Applications Methanol 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 49.27
52 Week Low 14.61
Average Volume 306,328
200-Day Moving Average 34.10
50-Day Moving Average 38.51
20-Day Moving Average 37.90
10-Day Moving Average 38.37
Average True Range 1.65
ADX 9.08
+DI 23.43
-DI 23.32
Chandelier Exit (Long, 3 ATRs ) 36.56
Chandelier Exit (Short, 3 ATRs ) 39.39
Upper Bollinger Band 40.91
Lower Bollinger Band 34.88
Percent B (%b) 0.43
BandWidth 15.91
MACD Line 0.06
MACD Signal Line 0.10
MACD Histogram -0.0401
Fundamentals Value
Market Cap 2.86 Billion
Num Shares 76.2 Million
EPS 0.72
Price-to-Earnings (P/E) Ratio 52.19
Price-to-Sales 1.19
Price-to-Book 2.60
PEG Ratio 0.98
Dividend 0.15
Dividend Yield 0.40%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.74
Resistance 3 (R3) 39.91 39.33 39.36
Resistance 2 (R2) 39.33 38.75 39.24 39.23
Resistance 1 (R1) 38.40 38.40 38.11 38.23 39.11
Pivot Point 37.82 37.82 37.68 37.73 37.82
Support 1 (S1) 36.89 37.24 36.60 36.72 35.83
Support 2 (S2) 36.31 36.89 36.22 35.71
Support 3 (S3) 35.38 36.31 35.58
Support 4 (S4) 35.21