Technical analysis from Methanex Corp (MX.TO.TO, TSE:MX.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Methanex Corp
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Initiation of oversold signal for Methanex Corp
Stochastic Oscillator /
Initiation of oversold signal for Methanex Corp

[BULLISH]: Methanex Corp is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Weaker price performance from MX has seen a lower low of -0.3 % [Downtrend]
Low Price /
Weaker price performance from MX has seen a lower low of -0.3 % [Downtrend]

[BULLISH]: Methanex Corp current downtrend in the first timeframe. Currently, the Low is $75.67 (-0.3 %).

Elders Force Index /
[Bullish]: Continued buying pressure for Methanex Corp has been confirmed

[BULLISH]: Methanex Corp current price has highlighted recent buying pressure. Currently, the Elders Force Index is 47794.

High Price /
Methanex Corp: Daily high performance is -0.5 % [Downtrend]

[BEARISH]: Methanex Corp current downtrend in the first timeframe. Currently, the HIGH is -0.5 %.

Exponential Moving Average /
MX: EMA(15) has moved above the EMA(30) @$74.028

[BEARISH]: Methanex Corp currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.2%.

Fibonacci Extensions /
[Short]: Limit orders for Methanex Corp should be set at $42.88

Methanex Corp has moved above the 161.8% level ($42.88) [Bearish]. Look for a short limit order entry near this point. Exit price for MX should be set @$41.06 & short position stoploss for Methanex Corp should be set at $44.7

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Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon strong uptrend is intact for MX

[BULLISH]: Methanex Corp has a current ARO(25) of 72. This has change 104 points from yesterday.

MX was easily moved during the last trading day indicating a ST downtrend
Ease of Movement /
MX was easily moved during the last trading day indicating a ST downtrend

MX: EOM Recent Trading -> (1) 12 Jan: -106.277 (2) 12 Jan: 5.472 (3) 12 Jan: 0.589

Methanex Corp: Daily volume performance is 11.4 [Uptrend]
Volume /
Methanex Corp: Daily volume performance is 11.4 [Uptrend]

[BULLISH]: Methanex Corp current volume uptrend in the first timeframe. Volume for MX is246714 (11.4).

Bull Harami /
Methanex Corp: Bull Harami

MX: Reversal (Weak) Candlestick Current Signal -> (1) 12 Jan: BULLISH (2) 12 Jan: NEUTRAL (3) 12 Jan: NEUTRAL

Close Tod Vs Close Yest /
Daily trading performance for MX has initiated a short term uptrend

[BULLISH]: Methanex Corpbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MX adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3 & the greatest daily positive change this year has been 3. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 5.1%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 3%. The win ratio for price rise in the first timeframe for the last 12 months is 0.6x giving a total win/loss ratio of 1.4x. Over the last month the average daily upward movement has been 1.8%

Chaikin Money Flow /
CMF Crossover from increased buying pressure for Methanex Corp

MX: Chaikin Oscillator Current Signal -> (1) 12 Jan: BULLISH CROSSOVER (2) 12 Jan: NEUTRAL (3) 12 Jan: NEUTRAL

MX: Current trading activity signals DVI accumulation is active
Daily Volume Index /
MX: Current trading activity signals DVI accumulation is active

MX: DVI Current Signal -> (1) 12 Jan: BULLISH (2) 12 Jan: BULLISH (3) 12 Jan: BULLISH CROSSOVER

First timeframe trend of Methanex Corp has signalled an Downtrend
Short Trend /
First timeframe trend of Methanex Corp has signalled an Downtrend

[BEARISH]: Methanex Corp is in a downtrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 2

Sine Weighted Moving Average /
Methanex Corp is in a short term uptrend with the SWMA(15) @$77.458

[BEARISH]: Methanex Corp currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.2%.

Momentum /
Methanex Corp currently has negative momentum of -2.12

[BEARISH]: Methanex Corp currently has negative momentum of -2.12 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.2%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -1.1%%.

Detrended Price Oscillator /
The simple moving average and past price for MX has confirmed bullish trading conditions

[BULLISH]: Methanex Corp currently has a confirmed uptrend. Price is currently above the displaced moving average for MXCurrently, the return on DPO20 is 0.2%.

Methanex Corp: ADX(38.87) has signalled a strong trend is current
Average Directional Movement /
Methanex Corp: ADX(38.87) has signalled a strong trend is current

MX: Average Directional Index Current Signal -> (1) 12 Jan: TREND STRONG (2) 12 Jan: TREND WEAK (3) 12 Jan: TREND STRONG

The SMA trend following signal is now active for Methanex Corp [Bullish]
Simple Moving Average /
The SMA trend following signal is now active for Methanex Corp [Bullish]

[BULLISH]: Methanex Corp currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.2%.

[Bullish]: Recent trading has driven price above the consensus of value for MX
Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for MX

[BULLISH]: Methanex CorpElder Ray Index is signalling a Bullish movementERI is 0.062 indicating bull power. Prices are being driven above the consensus of value for MX during the last trading session [Buying Pressure]

Relative Strength Index /
Relative Strength overbought signal had been cancelled for Methanex Corp

MX: RSI Current Signal -> (1) 12 Jan: BEARISH CROSSUNDER (2) 12 Jan: BEARISH (3) 12 Jan: BULLISH CROSSOVER

Open Tod Vs Close Tod /
Methanex Corp: Buyers have taken control.

[BULLISH]: Methanex Corp opened in the middle part of daily range at 63% & closed in the upper part of the trading range at 68.5%. This suggests the buyers have taken control. Over the last 12 months there has been 3 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 6.5%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 11.1%.

Percentage Price /
The current price is now gaining momentum through a rise for MX on the short term EMA.

MX: PPO Current Signal -> (1) 12 Jan: BULLISH CROSSOVER (2) 12 Jan: BEARISH (3) 12 Jan: BULLISH CROSSOVER

Volume Rate of Change /
Negative VROC: Volume is now lower for Methanex Corp than 14 days ago

[BEARISH CROSSOVER]: Methanex Corp currently has negative rate of change of -43%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.2%.

Methanex Corp: Current trading activity signals distribution is confirmed
Accumulation / Distribution /
Methanex Corp: Current trading activity signals distribution is confirmed

[BEARISH CROSSOVER]: Methanex Corp current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Closing price for MX is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for MX is still below the lower envelope signalling a bullish movement

[BULLISH]: Methanex Corp current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 70.7085.

MACD Volume /
[Bullish]: Methanex Corp currently has positive Volume MACD histogram 1042

[BULLISH]: Methanex Corp currently has positive Volume MACD of 1042. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

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