While this happened, Piper Sandler downgraded its Methanex Corp [MEOH] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in early March from “a Sector outperform” to “a Sector perform”. Barclays also remained covering MEOH and has decreased its forecast on September 10, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Piper Sandler revised its rating on August 07, 2024. It rated MEOH as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of MEOH
On Tuesday, Methanex Corp [NASDAQ:MEOH] saw its stock jump 1.05% to $31.78. Over the last five days, the stock has gained 10.50%. Methanex Corp shares have fallen nearly -36.36% since the year began. Nevertheless, the stocks have fallen -33.47% over the past one year. While a 52-week high of $56.43 was reached on 02/04/25, a 52-week low of $25.46 was recorded on 04/09/25. SMA at 50 days reached $35.68, while 200 days put it at $42.85.
Levels Of Support And Resistance For MEOH Stock
The 24-hour chart illustrates a support level at 31.19, which if violated will result in even more drops to 30.59. On the upside, there is a resistance level at 32.28. A further resistance level may holdings at 32.77. The Relative Strength Index (RSI) on the 14-day chart is 50.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.95%. Stochastics %K at 93.15% indicates the stock is a selling.
How much short interest is there in Methanex Corp?
A steep rise in short interest was recorded in Methanex Corp stocks on 2025-04-15, growing by 0.11 million shares to a total of 0.84 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 0.74 million shares. There was a rise of 12.54%, which implies that there is a positive sentiment for the stock.
