Technical Analysis for MX - Methanex Corporation

Grade Last Price % Change Price Change
F 56.360 3.79% 2.060
MX closed down 0.31 percent on Wednesday, November 6, 2024, on 1.31 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
20 DMA Resistance Bearish 3.79%
Gapped Up Strength 3.79%
Down 3 Days in a Row Weakness 3.79%
Oversold Stochastic Weakness 3.79%
Doji - Bullish? Reversal 3.47%
Oversold Stochastic Weakness 3.47%
Oversold Stochastic Weakness 3.36%
Stochastic Buy Signal Bullish 3.26%
Spinning Top Other 3.26%
Gapped Up Strength 3.26%

   Recent Intraday Alerts

Alert Time
50 DMA Support about 1 hour ago
50 DMA Resistance about 2 hours ago
3x Volume Pace about 2 hours ago
2x Volume Pace about 2 hours ago
1.5x Volume Pace about 2 hours ago

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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 Supply Chain New Zealand Tank 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 73.7813
52 Week Low 49.0325
Average Volume 138,977
200-Day Moving Average 62.191
50-Day Moving Average 56.245
20-Day Moving Average 55.970
10-Day Moving Average 55.017
Average True Range 1.446
RSI (14) 39.02
ADX 10.61
+DI 24.359
-DI 26.619
Chandelier Exit (Long, 3 ATRs) 57.493
Chandelier Exit (Short, 3 ATRs) 58.267
Upper Bollinger Bands 58.737
Lower Bollinger Band 53.202
Percent B (%b) 0.2
BandWidth 9.890
MACD Line -0.724
MACD Signal Line -0.552
MACD Histogram -0.1717
Fundamentals Value
Market Cap 4.14 Billion
Num Shares 76.2 Million
EPS 0.72
Price-to-Earnings (P/E) Ratio 75.63
Price-to-Sales 1.18
Price-to-Book 2.59
PEG Ratio 0.99
Dividend 0.20
Dividend Yield 0.37%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 57.525
Resistance 3 (R3) 57.783 56.967 56.988
Resistance 2 (R2) 56.967 56.145 56.838 56.808
Resistance 1 (R1) 55.633 55.638 55.225 55.375 56.629
Pivot Point 54.817 54.817 54.613 54.688 54.817
Support 1 (S1) 53.483 53.995 53.075 53.225 51.971
Support 2 (S2) 52.667 53.488 52.538 51.792
Support 3 (S3) 51.333 52.667 51.613
Support 4 (S4) 51.075