REPORTING FOR 2019-11-20 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how MEOH has been trading over the last 2 weeks and the past day especially. On its latest session, Methanex Corporation ($MEOH) opened at 39.66, reaching a high of 39.81 and a low of 37.82 before closing at a price of 37.86. There was a total volume of 351265.
VOLUME INDICATORS FOR METHANEX CORPORATION ($MEOH): We saw an accumulation-distribution index of 1465.234, an on-balance volume of 39.99, chaikin money flow of 25.53333 and a force index of 7.0782. There was an ease of movement rating of -0.00304, a volume-price trend of 1.51531 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR METHANEX CORPORATION ($MEOH): We noted an average true range of 0.91407, bolinger bands of 41.24644, an upper bollinger band of 36.18356, lower bollinger band of 37.82, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 39.09667, high band keltner channel of 38.94667, low band keltner channel of 39.24667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 37.82, a donchian channel low band of 37.82, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR METHANEX CORPORATION ($MEOH): We calculated a Moving Average Convergence Divergence (MACD) of 0.04016, a MACD signal of 0.02231, a MACD difference of 0.01785, a fast Exponential Moving Average (EMA) indicator of 37.82, a slow Exponential Moving Average (EMA) indicator of 37.82, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.53225, a trix of 4.57946, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -1.36169, a KST Oscillator (KST) of 37.34935 and a KST Oscillator (KST Signal) of 37.34935 (leaving a KST difference of 12.27429). We also found an Ichimoku rating of 39.735, an Ichimoku B rating of 39.735, a Ichimoku visual trend A of 37.31533, an Ichimoku visual trend B of 37.57014, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.
MOMENTUM INDICATORS FOR METHANEX CORPORATION ($MEOH): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 42.53042, a stochastic oscillator of 1326.66667, a stochastic oscillator signal of 1326.66667, a Williams %R rating of 1226.66667 and an awesome oscillator of 0.17233.
RETURNS FOR METHANEX CORPORATION ($MEOH): There was a daily return of 3.73493, a daily log return of 4.62435 and a cumulative return of 4.73295.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-20 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Methanex Corporation ($MEOH)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Methanex Corporation ($MEOH) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.