Technical Analysis for MEOH - Methanex Corporation

Grade Last Price % Change Price Change
D 42.47 0.43% 0.18
MEOH closed down 0.09 percent on Wednesday, November 13, 2024, on 29 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. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.43%
NR7 Range Contraction 0.43%
Narrow Range Bar Range Contraction 0.43%
Upper Bollinger Band Walk Strength 0.43%
Inside Day Range Contraction 0.43%
Overbought Stochastic Strength 0.43%
MACD Bullish Centerline Cross Bullish 0.33%
Calm After Storm Range Contraction 0.33%
Upper Bollinger Band Walk Strength 0.33%
Overbought Stochastic Strength 0.33%

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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 Commodity Chemicals Cooking Petroleum Gas Liquefied Petroleum Gas Biodiesel Methane Ethanol Related Applications Petrochemical Energy Related Applications Hazardous Air Pollutants Synthetic Fuels Methanol

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 55.9439
52 Week Low 35.9529
Average Volume 370,231
200-Day Moving Average 45.41
50-Day Moving Average 40.78
20-Day Moving Average 40.47
10-Day Moving Average 40.69
Average True Range 1.25
RSI (14) 59.51
ADX 17.03
+DI 25.98
-DI 19.91
Chandelier Exit (Long, 3 ATRs) 39.24
Chandelier Exit (Short, 3 ATRs) 42.51
Upper Bollinger Bands 42.78
Lower Bollinger Band 38.16
Percent B (%b) 0.89
BandWidth 11.42
MACD Line 0.13
MACD Signal Line -0.26
MACD Histogram 0.3903
Fundamentals Value
Market Cap 2.85 Billion
Num Shares 67.4 Million
EPS 2.57
Price-to-Earnings (P/E) Ratio 16.46
Price-to-Sales 0.83
Price-to-Book 1.61
PEG Ratio 0.98
Dividend 0.73
Dividend Yield 1.73%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 43.23
Resistance 3 (R3) 43.25 42.95 43.07
Resistance 2 (R2) 42.95 42.71 42.94 43.02
Resistance 1 (R1) 42.62 42.56 42.79 42.60 42.97
Pivot Point 42.33 42.33 42.41 42.32 42.33
Support 1 (S1) 42.00 42.09 42.16 41.98 41.61
Support 2 (S2) 41.70 41.94 41.69 41.56
Support 3 (S3) 41.37 41.70 41.51
Support 4 (S4) 41.35