Methanex had its Relative Strength (RS) Rating upgraded from 65 to 72 Tuesday — a welcome improvement, but still shy of the 80 or higher score you look for.
This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or better RS Rating as they begin their largest price moves. See if Methanex can continue to rebound and hit that benchmark.
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Methanex is working on a consolidation with a 56.43 entry. See if the stock can break out in volume at least 40% higher than normal.
Regarding top and bottom line numbers, Methanex has posted rising EPS growth over the last two quarters. Revenue gains have also risen during the same period. The company is expected to release its next quarterly numbers on or around Jan. 29.
Methanex holds the No. 8 rank among its peers in the Chemicals-Specialty industry group. Air Products & Chemicals, Perimeter Solutions and Solaris Energy Infr are among the top 5 highly rated stocks within the group.
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