Technical Analysis for MEOH - Methanex Corporation

Grade Last Price % Change Price Change
grade F 47.18 -2.16% -1.04
MEOH closed down 2.16 percent on Friday, May 17, 2019, on 82 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical MEOH trend table...

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
1,2,3 Retracement Bearish Bearish Swing Setup -2.16%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -2.16%
Oversold Stochastic Weakness -2.16%
Oversold Stochastic Weakness -2.58%
Jack-in-the-Box Bearish Bearish Swing Setup -2.30%
Inside Day Range Contraction -2.30%
Oversold Stochastic Weakness -2.30%
Expansion Breakdown Bearish Swing Setup 0.02%

Older signals for MEOH ...

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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 Hazardous Air Pollutants Energy Related Applications 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
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 83.23
52 Week Low 45.48
Average Volume 377,993
200-Day Moving Average 61.6967
50-Day Moving Average 55.6644
20-Day Moving Average 52.1845
10-Day Moving Average 49.017
Average True Range 1.604
ADX 42.38
+DI 9.1676
-DI 35.5415
Chandelier Exit (Long, 3 ATRs ) 55.358
Chandelier Exit (Short, 3 ATRs ) 51.242
Upper Bollinger Band 59.6686
Lower Bollinger Band 44.7004
Percent B (%b) 0.17
BandWidth 28.68323
MACD Line -2.5521
MACD Signal Line -2.1664
MACD Histogram -0.3857
Fundamentals Value
Market Cap 4.07 Billion
Num Shares 86.2 Million
EPS 2.57
Price-to-Earnings (P/E) Ratio 18.36
Price-to-Sales 1.69
Price-to-Book 2.73
PEG Ratio 0.98
Dividend 1.20
Dividend Yield 2.54%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 48.88
Resistance 3 (R3) 49.03 48.63 48.59
Resistance 2 (R2) 48.63 48.20 48.55 48.50
Resistance 1 (R1) 47.90 47.93 47.70 47.75 48.40
Pivot Point 47.50 47.50 47.40 47.42 47.50
Support 1 (S1) 46.77 47.07 46.57 46.62 45.96
Support 2 (S2) 46.37 46.80 46.29 45.86
Support 3 (S3) 45.64 46.37 45.77
Support 4 (S4) 45.49