(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 2024-02-08 View latest technical analysis
10 day averaged volume of Fomento Economico is 548990
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Thu Feb 2024 | 139.47 | 138.95 | 139.48 | 138.03 | 0.508 times |
| 07 Wed Feb 2024 | 139.39 | 139.45 | 142.44 | 138.39 | 1.275 times |
| 06 Tue Feb 2024 | 139.31 | 138.21 | 140.30 | 138.21 | 1.485 times |
| 05 Mon Feb 2024 | 137.54 | 141.12 | 142.32 | 135.65 | 0.764 times |
| 02 Fri Feb 2024 | 141.04 | 140.93 | 141.99 | 139.87 | 1.129 times |
| 01 Thu Feb 2024 | 140.76 | 135.96 | 142.00 | 135.96 | 1.376 times |
| 31 Wed Jan 2024 | 135.54 | 137.71 | 138.47 | 135.20 | 0.868 times |
| 30 Tue Jan 2024 | 137.82 | 135.85 | 137.84 | 135.45 | 0.622 times |
| 29 Mon Jan 2024 | 136.10 | 136.91 | 137.23 | 134.84 | 0.681 times |
| 26 Fri Jan 2024 | 136.54 | 135.98 | 137.18 | 135.41 | 0.759 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 139, but if it comes below 139, then a intra day sell could be more profitable.
If you take a sell trade below 139, then use 139 as stoploss and 135.34 as target. However if you take a buy trade in stock , then use 139 as stoploss and 143.5 as target.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 99.24 |
| Downside Target | 112.86 |
| Downside Target | 124.80 |
| Downside Target | 134.84 |
| Downside Target | 135.65 |
| Downside Target | 137.86 |
| Downside Target | 138.47 |
| Upside Target | 142.00 |
| Upside Target | 142.44 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 135.93 |
| Downside Intraday Target | 132.4 |
| Upside Intraday Target | 142.72 |
| Upside Intraday Target | 145.98 |
| Downside Intraday Target | 139.19 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Thu Feb 2024 | 139.47 | 141.12 | 142.44 | 135.65 | 0.862 times |
| 02 Fri Feb 2024 | 141.04 | 136.91 | 142.00 | 134.84 | 0.978 times |
| 26 Fri Jan 2024 | 136.54 | 134.00 | 137.86 | 131.90 | 0.81 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 |
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 |
| 08 Thu Feb 2024 | 139.47 | 135.96 | 142.44 | 135.65 | 0.34 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 |
| 30 Thu Nov 2023 | 126.89 | 114.39 | 128.63 | 112.86 | 0.952 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Fomento Economico in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 138.71 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Fomento Economico in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 138.71 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.