(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 2024-05-21 View latest technical analysis
10 day averaged volume of Fomento Economico is 525448
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Tue May 2024 | 117.51 | 118.59 | 118.70 | 116.20 | 1.611 times |
| 20 Mon May 2024 | 118.78 | 119.57 | 120.15 | 118.16 | 0.796 times |
| 17 Fri May 2024 | 119.91 | 120.20 | 121.21 | 119.65 | 0.933 times |
| 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 | 0.966 times |
| 14 Tue May 2024 | 120.79 | 121.94 | 122.41 | 120.33 | 0.998 times |
| 13 Mon May 2024 | 122.02 | 121.92 | 123.09 | 120.64 | 1.303 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 |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 117.4 as stoploss in an intra day buy trade for a target of 119.15. However, stock will show a bearish move below 117.4.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 113.62 |
| Downside Target | 116.20 |
| Upside Target | 120.33 |
| Upside Target | 122.09 |
| Upside Target | 123.09 |
| 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 | 115.76 |
| Downside Intraday Target | 114 |
| Upside Intraday Target | 119.71 |
| Upside Intraday Target | 121.9 |
| Upside Intraday Target | 117.95 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Tue May 2024 | 117.51 | 119.57 | 120.15 | 116.20 | 0.459 times |
| 17 Fri May 2024 | 119.91 | 121.92 | 123.09 | 119.53 | 1.078 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 |
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 |
| 21 Tue May 2024 | 117.51 | 117.85 | 123.09 | 116.20 | 0.437 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 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 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 short 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 short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Fomento Economico stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Fomento Economico in short term but the buy signal is initial and weak.
Fomento Economico Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below 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 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 120.23 and Fomento Economico (FMX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 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 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 short 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 short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Fomento Economico stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Fomento Economico in short term but the buy signal is initial and weak.
Fomento Economico Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below 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 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 120.23 and Fomento Economico (FMX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.