(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.
Showing technical analysis as on 2024-01-09 View latest technical analysis
10 day averaged volume of Fomento Economico is 289210
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Tue Jan 2024 | 127.66 | 127.48 | 128.88 | 126.66 | 1.174 times |
| 08 Mon Jan 2024 | 128.41 | 126.70 | 129.03 | 126.70 | 1.314 times |
| 05 Fri Jan 2024 | 126.35 | 126.22 | 127.07 | 125.60 | 0.971 times |
| 04 Thu Jan 2024 | 126.27 | 126.93 | 127.61 | 125.62 | 0.714 times |
| 03 Wed Jan 2024 | 127.38 | 127.97 | 128.98 | 126.39 | 1.81 times |
| 02 Tue Jan 2024 | 128.26 | 129.53 | 130.30 | 128.09 | 1.619 times |
| 29 Fri Dec 2023 | 130.35 | 130.35 | 130.73 | 129.81 | 0.703 times |
| 29 Fri Dec 2023 | 130.35 | 130.35 | 130.73 | 129.81 | 0.703 times |
| 28 Thu Dec 2023 | 130.60 | 130.97 | 131.70 | 129.91 | 0.671 times |
| 27 Wed Dec 2023 | 131.28 | 131.44 | 132.71 | 131.21 | 1.164 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 127.9, but if it comes above 127.9, then a intra day buy could be more profitable.
If you take a sell trade below 127.9, then use 127.9 as stoploss and 125.7 as target. However if you take a buy trade in stock , then use 127.9 as stoploss and 129.67 as target.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 99.24 |
| Downside Target | 105.87 |
| Downside Target | 112.86 |
| Downside Target | 124.80 |
| Upside Target | 129.81 |
| Upside Target | 130.30 |
| Upside Target | 130.73 |
| Upside Target | 132.71 |
| Upside Target | 133.62 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 126.54 |
| Downside Intraday Target | 125.41 |
| Upside Intraday Target | 128.91 |
| Upside Intraday Target | 130.15 |
| Upside Intraday Target | 127.78 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Tue Jan 2024 | 127.66 | 126.70 | 129.03 | 126.66 | 0.487 times |
| 05 Fri Jan 2024 | 126.35 | 129.53 | 130.30 | 125.60 | 7.271 times |
| 29 Fri Dec 2023 | 130.35 | 130.35 | 130.73 | 129.81 | 0.245 times |
| 29 Fri Dec 2023 | 130.35 | 131.01 | 132.71 | 129.81 | 0.513 times |
| 22 Fri Dec 2023 | 130.95 | 130.00 | 133.62 | 128.85 | 0.626 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 Tue Jan 2024 | 127.66 | 129.53 | 130.30 | 125.60 | 0.304 times |
| 29 Fri Dec 2023 | 130.35 | 126.46 | 133.62 | 124.80 | 0.518 times |
| 30 Thu Nov 2023 | 126.89 | 114.39 | 128.63 | 112.86 | 0.952 times |
| 31 Tue Oct 2023 | 113.41 | 108.62 | 113.53 | 99.24 | 1.307 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Fomento Economico in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Fomento Economico in short term and SELL 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 128.5 and Fomento Economico (FMX) stock is trading below this level. This means that stock is falling with high volumes. 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 positive
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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Fomento Economico in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Fomento Economico in short term and SELL 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 128.5 and Fomento Economico (FMX) stock is trading below this level. This means that stock is falling with high volumes. 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.