Technical Analysis for MEOH - Methanex Corporation

Grade Last Price % Change Price Change
B 47.32 2.62% 1.21
MEOH closed down 0.39 percent on Monday, January 30, 2023, on 1.2 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: Feb 2
*** please verify all earnings dates ***

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Inside Day Range Contraction 1.87%
Overbought Stochastic Strength 1.87%
Gapped Down Weakness 1.87%
Pocket Pivot Bullish Swing Setup 1.47%
Overbought Stochastic Strength 1.47%
Wide Bands Range Expansion 3.82%
Gapped Up Strength 3.82%
Overbought Stochastic Strength 3.82%
1,2,3 Pullback Bullish Bullish Swing Setup 5.96%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 5.96%

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

Alert Time
Up 2% 24 minutes ago
60 Minute Opening Range Breakout 33 minutes ago
Rose Above Previous Day's High about 1 hour ago
Up 1% about 1 hour ago
Possible Pocket Pivot about 20 hours ago

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Profile

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: Chemical Acid Chemical Substances Energy Storage Tanker Cooking Commodity Chemicals Petroleum Gas Liquefied Petroleum Gas Biodiesel Methane Ethanol Related Applications Petrochemical 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 56.79
52 Week Low 28.73
Average Volume 277,429
200-Day Moving Average 40.35
50-Day Moving Average 39.92
20-Day Moving Average 43.03
10-Day Moving Average 45.10
Average True Range 1.26
RSI 70.06
ADX 37.89
+DI 38.54
-DI 13.01
Chandelier Exit (Long, 3 ATRs) 42.91
Chandelier Exit (Short, 3 ATRs) 39.88
Upper Bollinger Bands 48.96
Lower Bollinger Band 37.11
Percent B (%b) 0.76
BandWidth 27.54
MACD Line 1.98
MACD Signal Line 1.86
MACD Histogram 0.1246
Fundamentals Value
Market Cap 3.51 Billion
Num Shares 76.2 Million
EPS 0.72
Price-to-Earnings (P/E) Ratio 64.22
Price-to-Sales 1.19
Price-to-Book 2.60
PEG Ratio 0.98
Dividend 0.15
Dividend Yield 0.33%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 47.99
Resistance 3 (R3) 47.95 47.28 47.68
Resistance 2 (R2) 47.28 46.80 47.30 47.57
Resistance 1 (R1) 46.70 46.51 46.99 46.74 47.47
Pivot Point 46.03 46.03 46.18 46.05 46.03
Support 1 (S1) 45.44 45.55 45.74 45.48 44.75
Support 2 (S2) 44.77 45.25 44.79 44.65
Support 3 (S3) 44.19 44.77 44.54
Support 4 (S4) 44.23