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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 748300

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 127.92 128.40 129.02 126.51 4.054 times
15 Fri Mar 2024 127.98 124.84 130.13 124.38 3.056 times
14 Thu Mar 2024 125.28 124.20 125.61 123.90 0.499 times
13 Wed Mar 2024 124.53 121.74 124.79 121.29 0.636 times
12 Tue Mar 2024 122.16 122.10 123.03 120.96 0.831 times
11 Mon Mar 2024 122.05 121.24 123.05 121.17 0.492 times
08 Fri Mar 2024 121.99 121.41 123.06 121.41 0.644 times
07 Thu Mar 2024 121.34 122.04 122.35 120.17 0.626 times
06 Wed Mar 2024 121.47 122.49 123.95 121.42 0.766 times
05 Tue Mar 2024 122.06 123.00 124.91 121.98 1.569 times

Stock of Fomento Economico (FMX) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 128.9 as stoploss in an intra day sell trade for a target of 124.58. However, stock will show a bullish move above 128.9.

Share price targets for Fomento Economico (FMX)

Target Type Value
Downside Target 112.86
Downside Target 116.84
Downside Target 120.17
Downside Target 124.80
Upside Target 128.63
Upside Target 129.02
Upside Target 130.13
Upside Target 133.62
Upside Target 134.67
Upside Target 138.47
Upside Target 143.43

Intraday share price targets for Fomento Economico (FMX)

Target Type Value
Downside Intraday Target 126.61
Downside Intraday Target 125.31
Upside Intraday Target 129.12
Upside Intraday Target 130.33
Downside Intraday Target 127.82

Weekly technical analysis of Fomento Economico (FMX)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 127.92 128.40 129.02 126.51 0.735 times
15 Fri Mar 2024 127.98 121.24 130.13 120.96 1.229 times
08 Fri Mar 2024 121.99 124.07 125.18 120.17 0.686 times
01 Fri Mar 2024 124.83 118.93 126.20 116.84 1.21 times
23 Fri Feb 2024 118.83 133.25 134.67 117.11 1.598 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
18 Mon Mar 2024 127.92 124.39 130.13 120.17 0.713 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
29 Fri Dec 2023 130.35 126.46 133.62 124.80 0.518 times

Scroll below to view daily charts

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)

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a BUY signal for Fomento Economico in short term but the buy signal is initial and weak.

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 stronger in this stock.

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 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 125.41 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a BUY signal for Fomento Economico in short term but the buy signal is initial and weak.

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 stronger in this stock.

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 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 125.41 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 negative.

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

Daily charts

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Daily chart
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