(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 2024-01-17 View latest technical analysis
10 day averaged volume of Fomento Economico is 372300
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 128.67 | 128.63 | 129.39 | 127.91 | 1.599 times |
| 16 Tue Jan 2024 | 129.93 | 130.02 | 130.21 | 128.61 | 1.859 times |
| 12 Fri Jan 2024 | 130.02 | 129.07 | 130.74 | 129.00 | 1.001 times |
| 12 Fri Jan 2024 | 130.02 | 129.07 | 130.74 | 129.00 | 1.001 times |
| 11 Thu Jan 2024 | 129.23 | 128.09 | 129.86 | 127.54 | 0.681 times |
| 10 Wed Jan 2024 | 128.32 | 127.26 | 128.88 | 126.88 | 0.813 times |
| 09 Tue Jan 2024 | 127.66 | 127.48 | 128.88 | 126.66 | 0.912 times |
| 08 Mon Jan 2024 | 128.41 | 126.70 | 129.03 | 126.70 | 1.021 times |
| 05 Fri Jan 2024 | 126.35 | 126.22 | 127.07 | 125.60 | 0.754 times |
| 04 Thu Jan 2024 | 126.27 | 126.93 | 127.61 | 125.62 | 0.555 times |
My analysis of stock is bearish for shortterm, and stock might move down till 127.8 or till 125.9. Use a stoploss of 129.36 and if the stock hits stoploss, then it can shoot up till 130.93
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 | 130.21 |
| Upside Target | 130.30 |
| Upside Target | 130.73 |
| Upside Target | 130.74 |
| Upside Target | 133.62 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 127.65 |
| Downside Intraday Target | 126.63 |
| Upside Intraday Target | 129.95 |
| Upside Intraday Target | 131.23 |
| Upside Intraday Target | 128.93 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 128.67 | 130.02 | 130.21 | 127.91 | 3.456 times |
| 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Fomento Economico (FMX)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 128.67 | 129.53 | 130.74 | 125.60 | 0.662 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is losing 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Fomento Economico is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 128.76 and Fomento Economico (FMX) stock is trading below this level. This means that stock is falling with high volumes. 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.
Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is losing 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Fomento Economico is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 128.76 and Fomento Economico (FMX) stock is trading below this level. This means that stock is falling with high volumes. 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.