Technical Analysis for MEOH - Methanex Corporation

Grade Last Price % Change Price Change
D 43.44 0.84% 0.36
MEOH closed up 0.84 percent on Monday, March 18, 2024, on 46 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. It was able to bounce off of its 200 day moving average, an important long-term support line.
1 Watcher
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
Crossed Above 20 DMA Bullish 0.00%
NR7 Range Contraction 0.00%
20 DMA Resistance Bearish 0.84%
Crossed Above 200 DMA Bullish 0.84%
MACD Bullish Signal Line Cross Bullish 0.84%
Fell Below 200 DMA Bearish 1.66%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.84%
Crossed Above 200 DMA Bullish 0.84%
Gapped Up Strength 0.84%

   Recent Intraday Alerts

Alert Time
Up 1% about 8 hours ago
Rose Above Previous Day's High about 8 hours ago
Possible NR7 about 9 hours ago
Possible Inside Day about 9 hours ago
20 DMA Resistance about 10 hours ago

Get a Trading Assistant

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

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 Tanker Energy Storage Commodity Chemicals Cooking Petroleum Gas Liquefied Petroleum Gas Biodiesel Methane Ethanol Related Applications Petrochemical Energy Related Applications Hazardous Air Pollutants Methanol 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 49.2645
52 Week Low 37.7214
Average Volume 277,255
200-Day Moving Average 43.02
50-Day Moving Average 44.33
20-Day Moving Average 43.16
10-Day Moving Average 42.45
Average True Range 1.14
RSI (14) 49.49
ADX 18.4
+DI 19.62
-DI 24.88
Chandelier Exit (Long, 3 ATRs) 43.77
Chandelier Exit (Short, 3 ATRs) 44.58
Upper Bollinger Bands 45.18
Lower Bollinger Band 41.14
Percent B (%b) 0.57
BandWidth 9.38
MACD Line -0.51
MACD Signal Line -0.59
MACD Histogram 0.0798
Fundamentals Value
Market Cap 2.93 Billion
Num Shares 67.4 Million
EPS 2.57
Price-to-Earnings (P/E) Ratio 16.90
Price-to-Sales 0.83
Price-to-Book 1.61
PEG Ratio 0.98
Dividend 0.73
Dividend Yield 1.68%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 44.48
Resistance 3 (R3) 44.39 43.97 44.30
Resistance 2 (R2) 43.97 43.70 44.01 44.24
Resistance 1 (R1) 43.70 43.54 43.84 43.79 44.19
Pivot Point 43.28 43.28 43.34 43.32 43.28
Support 1 (S1) 43.01 43.01 43.15 43.10 42.69
Support 2 (S2) 42.59 42.85 42.63 42.64
Support 3 (S3) 42.32 42.59 42.58
Support 4 (S4) 42.41