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(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 2024-06-13 View latest technical analysis

10 day averaged volume of Fomento Economico is 751630

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	107.23	108.96	110.00	106.76	0.643 times
12 Wed Jun 2024	108.25	110.23	110.76	107.88	0.594 times
11 Tue Jun 2024	109.94	109.21	110.75	107.96	0.818 times
10 Mon Jun 2024	109.19	107.91	110.76	107.91	0.741 times
07 Fri Jun 2024	108.35	111.78	114.04	107.85	0.969 times
06 Thu Jun 2024	112.85	113.71	115.32	111.65	0.571 times
05 Wed Jun 2024	113.76	112.07	114.72	111.97	1.049 times
04 Tue Jun 2024	111.41	105.92	111.82	105.78	2.024 times
03 Mon Jun 2024	105.82	112.62	112.92	105.72	1.779 times
31 Fri May 2024	114.62	116.93	117.13	114.49	0.683 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 109.5, but if it comes above 109.5, then a intra day buy could be more profitable.
If you take a sell trade below 109.5, then use 109.5 as stoploss and 104.3 as target. However if you take a buy trade in stock , then use 109.5 as stoploss and 113.93 as target.

Share price targets for Fomento Economico (FMX)

Target Type	Value
Downside Target	105.72
Upside Target	110.76
Upside Target	113.62
Upside Target	119.53
Upside Target	120.15
Upside Target	120.17
Upside Target	123.09
Upside Target	131.11
Upside Target	131.56
Upside Target	143.43

Intraday share price targets for Fomento Economico (FMX)

Target Type	Value
Downside Intraday Target	105.74
Downside Intraday Target	104.25
Upside Intraday Target	109.74
Upside Intraday Target	112.25
Upside Intraday Target	108.25

Weekly technical analysis of Fomento Economico (FMX)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	107.23	107.91	110.76	106.76	0.438 times
07 Fri Jun 2024	108.35	112.62	115.32	105.72	2.352 times
31 Fri May 2024	114.62	116.99	118.45	114.49	0.612 times
24 Fri May 2024	116.75	119.57	120.15	115.69	1.212 times
17 Fri May 2024	119.91	121.92	123.09	119.53	1.078 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
13 Thu Jun 2024	107.23	112.62	115.32	105.72	0.568 times
31 Fri May 2024	114.62	117.85	123.09	114.49	0.66 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

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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Fomento Economico in short term and the sell signal is strong.

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 SELL signal in short term but selling 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 109.91 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.