Technical Analysis for MX - Methanex Corporation

Grade Last Price % Change Price Change
A 72.980 -0.03% -0.020
MX closed down 0.03 percent on Friday, May 17, 2024, on 66 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. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
NR7 Range Contraction 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New 52 Week Closing High Bullish -0.03%
Pocket Pivot Bullish Swing Setup -0.03%
New 52 Week High Strength -0.03%
Upper Bollinger Band Walk Strength -0.03%

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Profile

Methanex Corporation Description

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers. The Company's subsidiary, Waterfront Shipping Company Limited, operates its fleet, which is made up of over 20 vessels ranging from 3,000 to 50,000 deadweight tons of capacity. It has over three production facilities in New Zealand that supply methanol primarily to customers in Asia Pacific. The Company operates over two plants in Trinidad, Titan and Atlas, which supply methanol to markets in North America, Europe, Asia Pacific and South America. Its joint venture facility in Egypt supplies methanol to markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America.


Classification

Sector: Basic Materials
Industry: Chemicals
Keywords: Chemistry Energy Water Medicine Storage Titan Tank Supply Chain New Zealand Shipping Terminals Chemical Substances Methane Tanker Tankers

Is MX 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 73.8
52 Week Low 50.134
Average Volume 102,203
200-Day Moving Average 60.221
50-Day Moving Average 64.764
20-Day Moving Average 68.144
10-Day Moving Average 70.238
Average True Range 1.944
RSI (14) 67.43
ADX 50.85
+DI 36.033
-DI 7.829
Chandelier Exit (Long, 3 ATRs) 67.967
Chandelier Exit (Short, 3 ATRs) 69.493
Upper Bollinger Bands 73.728
Lower Bollinger Band 62.559
Percent B (%b) 0.93
BandWidth 16.390
MACD Line 2.123
MACD Signal Line 1.631
MACD Histogram 0.4916
Fundamentals Value
Market Cap 5.56 Billion
Num Shares 76.2 Million
EPS 0.72
Price-to-Earnings (P/E) Ratio 101.64
Price-to-Sales 1.18
Price-to-Book 2.59
PEG Ratio 0.99
Dividend 0.20
Dividend Yield 0.27%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 74.660
Resistance 3 (R3) 74.747 74.273 74.380
Resistance 2 (R2) 74.273 73.845 74.230 74.287
Resistance 1 (R1) 73.627 73.581 73.950 73.540 74.193
Pivot Point 73.153 73.153 73.315 73.110 73.153
Support 1 (S1) 72.507 72.725 72.830 72.420 71.767
Support 2 (S2) 72.033 72.461 71.990 71.673
Support 3 (S3) 71.387 72.033 71.580
Support 4 (S4) 71.300