(FMX) Fomento Economico complete technical analysis [charts+indicators] | Buy/Sell Fomento Economico | (FMX) share price targets
Complete technical analysis of Fomento Economico (FMX) by charts plus indicators, forecast predictions and share price targets for Fomento Economico (FMX)
Fomento Economico trades in USA in Consumer Non Durables sector.
10 day averaged volume of Fomento Economico is 1025760
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Fri Apr 2024 | 118.93 | 117.39 | 120.33 | 114.67 | 1.198 times |
| 25 Thu Apr 2024 | 115.11 | 115.05 | 115.97 | 113.62 | 1.036 times |
| 24 Wed Apr 2024 | 115.90 | 117.00 | 117.04 | 115.27 | 1.65 times |
| 23 Tue Apr 2024 | 116.38 | 118.87 | 119.44 | 116.07 | 0.97 times |
| 22 Mon Apr 2024 | 118.51 | 119.40 | 120.25 | 117.73 | 1.008 times |
| 19 Fri Apr 2024 | 119.69 | 119.37 | 120.77 | 118.83 | 2.471 times |
| 18 Thu Apr 2024 | 119.07 | 119.86 | 121.04 | 118.64 | 0.826 times |
| 17 Wed Apr 2024 | 118.94 | 120.28 | 120.97 | 118.09 | 0.521 times |
| 16 Tue Apr 2024 | 119.52 | 121.02 | 121.03 | 119.31 | 0.462 times |
| 15 Mon Apr 2024 | 122.96 | 124.52 | 124.80 | 122.78 | 0.436 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 118.1 as stoploss in an intra day buy trade for a target of 122.89. However, stock will show a bearish move below 118.1.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 113.62 |
| Downside Target | 116.84 |
| Upside Target | 122.75 |
| Upside Target | 128.64 |
| Upside Target | 130.00 |
| Upside Target | 131.11 |
| Upside Target | 131.56 |
| Upside Target | 133.62 |
| Upside Target | 138.47 |
| Upside Target | 143.43 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 114.92 |
| Downside Intraday Target | 110.92 |
| Upside Intraday Target | 121.63 |
| Upside Intraday Target | 124.34 |
| Downside Intraday Target | 117.63 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Fri Apr 2024 | 118.93 | 119.40 | 120.33 | 113.62 | 1.243 times |
| 19 Fri Apr 2024 | 119.69 | 124.52 | 124.80 | 118.09 | 1.652 times |
| 12 Fri Apr 2024 | 124.24 | 128.90 | 130.00 | 122.75 | 1.072 times |
| 05 Fri Apr 2024 | 128.47 | 130.72 | 131.11 | 124.62 | 1.46 times |
| 28 Thu Mar 2024 | 130.27 | 129.94 | 131.56 | 128.64 | 0.326 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Fomento Economico (FMX)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 26 Fri Apr 2024 | 118.93 | 130.72 | 131.11 | 113.62 | 1.066 times |
| 28 Thu Mar 2024 | 130.27 | 124.39 | 131.56 | 120.17 | 1.012 times |
| 29 Thu Feb 2024 | 124.24 | 135.96 | 143.43 | 116.84 | 1.449 times |
| 31 Wed Jan 2024 | 135.54 | 129.53 | 138.47 | 125.60 | 1.461 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Fomento Economico (FMX)
Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Fomento Economico stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Fomento Economico in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Fomento Economico Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Fomento Economico in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Fomento Economico is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 118.19 and Fomento Economico (FMX) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Fomento Economico (FMX) stock. Volume based technical analysis of Fomento Economico (FMX) stock is negative.
Fomento Economico Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Fomento Economico stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Fomento Economico in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Fomento Economico Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Fomento Economico in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Fomento Economico is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 118.19 and Fomento Economico (FMX) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Fomento Economico (FMX) stock. Volume based technical analysis of Fomento Economico (FMX) stock is negative.
Fomento Economico Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.