(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 2024-01-24 View latest technical analysis
10 day averaged volume of Fomento Economico is 552410
Date | Daily Closing Price | Open | High | Low | Volume |
24 Wed Jan 2024 | 132.87 | 136.63 | 137.86 | 132.62 | 1.187 times |
23 Tue Jan 2024 | 135.64 | 134.51 | 136.49 | 134.04 | 1.072 times |
22 Mon Jan 2024 | 134.48 | 134.00 | 134.81 | 133.05 | 0.707 times |
19 Fri Jan 2024 | 133.65 | 132.28 | 134.01 | 131.09 | 1.091 times |
18 Thu Jan 2024 | 132.52 | 128.91 | 132.52 | 128.10 | 2.446 times |
17 Wed Jan 2024 | 128.67 | 128.63 | 129.39 | 127.91 | 1.078 times |
16 Tue Jan 2024 | 129.93 | 130.02 | 130.21 | 128.61 | 1.253 times |
12 Fri Jan 2024 | 130.02 | 129.07 | 130.74 | 129.00 | 0.674 times |
12 Fri Jan 2024 | 130.02 | 129.07 | 130.74 | 129.00 | 0.674 times |
11 Thu Jan 2024 | 129.23 | 128.09 | 129.86 | 127.54 | 0.459 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 132.6, but if it comes below 132.6, then a intra day sell could be more profitable.
If you take a sell trade below 132.6, then use 132.6 as stoploss and 130.05 as target. However if you take a buy trade in stock , then use 132.6 as stoploss and 135.7 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 |
Downside Target | 130.30 |
Downside Target | 130.74 |
Downside Target | 132.62 |
Upside Target | 133.62 |
Upside Target | 134.01 |
Upside Target | 137.86 |
Intraday share price targets for Fomento Economico (FMX)
Target Type | Value |
Downside Intraday Target | 131.04 |
Downside Intraday Target | 129.21 |
Upside Intraday Target | 136.28 |
Upside Intraday Target | 139.69 |
Upside Intraday Target | 134.45 |
Weekly technical analysis of Fomento Economico (FMX)
Date | Weekly Closing Price | Open | High | Low | Volume |
24 Wed Jan 2024 | 132.87 | 134.00 | 137.86 | 132.62 | 0.505 times |
19 Fri Jan 2024 | 133.65 | 130.02 | 134.01 | 127.91 | 8.7 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 |
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 |
24 Wed Jan 2024 | 132.87 | 129.53 | 137.86 | 125.60 | 1.159 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 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 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 losing momentum.
MACD generated a BUY signal for Fomento Economico in short term and the buy signal is strong.
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 above 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 positive zone. This is a BUY 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 131.97 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.
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 losing momentum.
MACD generated a BUY signal for Fomento Economico in short term and the buy signal is strong.
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 above 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 positive zone. This is a BUY 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 131.97 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.