(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 2024-05-16 View latest technical analysis
10 day averaged volume of Fomento Economico is 525373
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 120.32 | 121.43 | 121.43 | 119.53 | 1.037 times |
| 15 Wed May 2024 | 121.77 | 121.62 | 123.03 | 120.75 | 0.967 times |
| 14 Tue May 2024 | 120.79 | 121.94 | 122.41 | 120.33 | 0.999 times |
| 13 Mon May 2024 | 122.02 | 121.92 | 123.09 | 120.64 | 1.304 times |
| 10 Fri May 2024 | 120.97 | 122.09 | 122.09 | 120.63 | 0.693 times |
| 09 Thu May 2024 | 121.31 | 119.69 | 121.85 | 119.33 | 1.334 times |
| 08 Wed May 2024 | 119.39 | 120.06 | 120.09 | 118.63 | 0.75 times |
| 07 Tue May 2024 | 119.92 | 120.00 | 120.91 | 118.29 | 1.189 times |
| 06 Mon May 2024 | 119.45 | 119.42 | 120.99 | 118.64 | 0.894 times |
| 03 Fri May 2024 | 118.68 | 118.09 | 119.27 | 117.95 | 0.833 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 120.9 as stoploss in an intra day sell trade for a target of 119.07. However, stock will show a bullish move above 120.9.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 113.62 |
| Downside Target | 116.82 |
| Upside Target | 122.09 |
| Upside Target | 123.09 |
| Upside Target | 124.80 |
| Upside Target | 125.60 |
| Upside Target | 131.11 |
| Upside Target | 131.56 |
| Upside Target | 138.47 |
| Upside Target | 143.43 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 118.87 |
| Downside Intraday Target | 117.42 |
| Upside Intraday Target | 122.43 |
| Upside Intraday Target | 124.54 |
| Upside Intraday Target | 120.98 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 120.32 | 121.92 | 123.09 | 119.53 | 0.886 times |
| 10 Fri May 2024 | 120.97 | 119.42 | 122.09 | 118.29 | 0.757 times |
| 03 Fri May 2024 | 118.68 | 118.00 | 119.95 | 116.82 | 0.561 times |
| 26 Fri Apr 2024 | 118.93 | 119.40 | 120.33 | 113.62 | 1.243 times |
| 19 Fri Apr 2024 | 119.69 | 124.52 | 124.80 | 118.09 | 1.652 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 |
| 16 Thu May 2024 | 120.32 | 117.85 | 123.09 | 116.89 | 0.341 times |
| 30 Tue Apr 2024 | 117.66 | 130.72 | 131.11 | 113.62 | 1.189 times |
| 28 Thu Mar 2024 | 130.27 | 124.39 | 131.56 | 120.17 | 1.012 times |
| 29 Thu Feb 2024 | 124.24 | 135.96 | 143.43 | 116.84 | 1.449 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy 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 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 tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red 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 but buying 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 120.57 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 negative.
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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy 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 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 tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red 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 but buying 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 120.57 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.