Technical Analysis for MX - Methanex Corporation

Grade Last Price % Change Price Change
B 60.180 3.22% 1.880
MX closed down 1.32 percent on Tuesday, September 26, 2023, on approximately normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 3.22%
Calm After Storm Range Contraction 3.22%
20 DMA Support Bullish 1.86%
Crossed Above 200 DMA Bullish 1.86%
Crossed Above 50 DMA Bullish 1.86%
MACD Bullish Centerline Cross Bullish 1.86%
180 Bullish Setup Bullish Swing Setup 1.86%
Outside Day Range Expansion 1.86%
50 DMA Resistance Bearish 5.63%
20 DMA Support Bullish 5.63%

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Alert Time
Up 1 ATR 25 minutes ago
Up 3% 25 minutes ago
Rose Above Upper Bollinger Band about 2 hours ago
Upper Bollinger Band Resistance about 2 hours ago
Rose Above Previous Day's High about 2 hours ago

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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.


Sector: Basic Materials
Industry: Chemicals
Keywords: Chemistry Energy Water Medicine Storage Titan Tank New Zealand Supply Chain 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


Indicator Value
52 Week High 74.0623
52 Week Low 41.5783
Average Volume 90,694
200-Day Moving Average 58.653
50-Day Moving Average 57.383
20-Day Moving Average 57.056
10-Day Moving Average 57.017
Average True Range 1.642
RSI (14) 55.16
ADX 16.82
+DI 31.659
-DI 18.510
Chandelier Exit (Long, 3 ATRs) 56.054
Chandelier Exit (Short, 3 ATRs) 59.596
Upper Bollinger Bands 59.703
Lower Bollinger Band 54.409
Percent B (%b) 0.73
BandWidth 9.279
MACD Line 0.186
MACD Signal Line -0.092
MACD Histogram 0.2775
Fundamentals Value
Market Cap 4.44 Billion
Num Shares 76.2 Million
EPS 0.72
Price-to-Earnings (P/E) Ratio 81.20
Price-to-Sales 1.18
Price-to-Book 2.59
PEG Ratio 0.99
Dividend 0.20
Dividend Yield 0.34%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 60.790
Resistance 3 (R3) 60.957 60.293 60.375
Resistance 2 (R2) 60.293 59.659 60.210 60.237
Resistance 1 (R1) 59.297 59.267 58.965 59.130 60.098
Pivot Point 58.633 58.633 58.468 58.550 58.633
Support 1 (S1) 57.637 57.999 57.305 57.470 56.502
Support 2 (S2) 56.973 57.607 56.890 56.363
Support 3 (S3) 55.977 56.973 56.225
Support 4 (S4) 55.810