(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 2024-01-12 View latest technical analysis
10 day averaged volume of Fomento Economico is 333020
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Fri Jan 2024 | 130.02 | 129.07 | 130.74 | 129.00 | 1.119 times |
| 12 Fri Jan 2024 | 130.02 | 129.07 | 130.74 | 129.00 | 1.119 times |
| 11 Thu Jan 2024 | 129.23 | 128.09 | 129.86 | 127.54 | 0.761 times |
| 10 Wed Jan 2024 | 128.32 | 127.26 | 128.88 | 126.88 | 0.908 times |
| 09 Tue Jan 2024 | 127.66 | 127.48 | 128.88 | 126.66 | 1.019 times |
| 08 Mon Jan 2024 | 128.41 | 126.70 | 129.03 | 126.70 | 1.141 times |
| 05 Fri Jan 2024 | 126.35 | 126.22 | 127.07 | 125.60 | 0.843 times |
| 04 Thu Jan 2024 | 126.27 | 126.93 | 127.61 | 125.62 | 0.62 times |
| 03 Wed Jan 2024 | 127.38 | 127.97 | 128.98 | 126.39 | 1.572 times |
| 02 Tue Jan 2024 | 128.26 | 129.53 | 130.30 | 128.09 | 1.406 times |
My analysis of stock is bullish for shortterm, and stock might move up till 131.4 or till 133.5. Use a stoploss of 129.65 and if this stock hits its stoploss, then it can fall down till 127.88
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 |
| Downside Target | 129.81 |
| Upside Target | 130.30 |
| Upside Target | 130.73 |
| Upside Target | 130.74 |
| Upside Target | 132.71 |
| Upside Target | 133.62 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 129.1 |
| Downside Intraday Target | 128.18 |
| Upside Intraday Target | 130.84 |
| Upside Intraday Target | 131.66 |
| Downside Intraday Target | 129.92 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Fri Jan 2024 | 130.02 | 129.07 | 130.74 | 129.00 | 0.226 times |
| 12 Fri Jan 2024 | 130.02 | 126.70 | 130.74 | 126.66 | 1.114 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 |
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 |
| 12 Fri Jan 2024 | 130.02 | 129.53 | 130.74 | 125.60 | 0.484 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 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 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 BUY. 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.
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 green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Fomento Economico in short term
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 128.27 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 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 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 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 BUY. 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.
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 green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Fomento Economico in short term
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 128.27 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 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.