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(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 403680

Date Daily Closing Price Open High Low Volume
09 Fri Apr 2021 80.79 80.72 81.34 80.41 0.618 times
08 Thu Apr 2021 81.00 79.94 81.18 79.70 0.788 times
07 Wed Apr 2021 79.73 80.70 80.84 79.42 0.852 times
06 Tue Apr 2021 80.78 78.57 80.83 78.57 0.982 times
05 Mon Apr 2021 78.58 77.69 79.06 76.73 0.904 times
01 Thu Apr 2021 76.87 75.53 76.92 75.53 1.237 times
31 Wed Mar 2021 75.33 76.10 76.87 74.94 1.429 times
30 Tue Mar 2021 76.33 76.50 76.77 75.62 0.755 times
29 Mon Mar 2021 76.42 74.50 76.81 74.07 0.821 times
26 Fri Mar 2021 74.74 76.09 76.26 74.30 1.211 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 81.5, for a target of 78.8 or 76.52

Share price targets for Fomento Economico (FMX)

Target Type Value
Downside Target 67.74
Downside Target 72.01
Downside Target 76.16
Downside Target 76.60
Downside Target 76.73
Downside Target 76.87
Downside Target 76.92
Downside Target 77.73
Downside Target 79.62
Upside Target 81.34

Intraday share price targets for Fomento Economico (FMX)

Target Type Value
Downside Intraday Target 77.9
Downside Intraday Target 75.01
Upside Intraday Target 82.51
Upside Intraday Target 84.23
Downside Intraday Target 79.62

Weekly technical analysis of Fomento Economico (FMX)

Date Weekly Closing Price Open High Low Volume
09 Fri Apr 2021 80.79 77.69 81.34 76.73 0.977 times
01 Thu Apr 2021 76.87 74.50 76.92 74.07 0.723 times
26 Fri Mar 2021 74.74 75.13 76.60 74.30 1.074 times
19 Fri Mar 2021 75.64 74.05 75.97 73.24 0.835 times
12 Fri Mar 2021 74.01 73.68 76.16 72.64 1.183 times

Price has moved up 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
09 Fri Apr 2021 80.79 75.53 81.34 75.53 0.19 times
31 Wed Mar 2021 75.33 68.91 76.87 68.55 1.028 times
26 Fri Feb 2021 68.50 68.43 72.01 67.74 0.987 times
29 Fri Jan 2021 68.05 75.81 77.73 67.81 1.427 times

Price has moved up 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)

Indicator Name Indicator Value Indicator Signal
ADX 30, 7, 63 Buy
MACD 4, 3Buy
Stochastics 91Buy
CCI 97Buy
RSI 64Buy
OBV -899200Sell
VWAP 78Buy
ADL 0Sell
ROC 7Buy
Force Index 0Sell

Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Fomento Economico ( (FMX) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Fomento Economico ( (FMX) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Fomento Economico stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Fomento Economico in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Fomento Economico in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 77.7 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 rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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