(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 2024-07-18 View latest technical analysis
10 day averaged volume of Fomento Economico is 854280
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Thu Jul 2024 | 115.94 | 117.83 | 118.90 | 115.12 | 0.84 times |
| 17 Wed Jul 2024 | 117.60 | 117.56 | 118.85 | 115.45 | 0.987 times |
| 16 Tue Jul 2024 | 118.24 | 116.53 | 118.36 | 115.61 | 1.3 times |
| 15 Mon Jul 2024 | 115.61 | 116.80 | 117.16 | 114.95 | 0.906 times |
| 12 Fri Jul 2024 | 117.50 | 115.61 | 117.56 | 115.38 | 1.432 times |
| 11 Thu Jul 2024 | 115.60 | 114.55 | 115.61 | 113.90 | 0.879 times |
| 10 Wed Jul 2024 | 114.68 | 112.78 | 114.76 | 112.23 | 0.574 times |
| 09 Tue Jul 2024 | 112.33 | 109.61 | 112.90 | 109.35 | 0.842 times |
| 08 Mon Jul 2024 | 109.89 | 107.00 | 110.48 | 106.88 | 1.335 times |
| 05 Fri Jul 2024 | 107.00 | 106.67 | 107.34 | 105.15 | 1.137 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 115.3, but if it comes below 115.3, then a intra day sell could be more profitable.
If you take a sell trade below 115.3, then use 115.3 as stoploss and 110.8 as target. However if you take a buy trade in stock , then use 115.3 as stoploss and 120.6 as target.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 104.91 |
| Downside Target | 113.62 |
| Downside Target | 114.95 |
| Downside Target | 115.32 |
| Upside Target | 117.56 |
| Upside Target | 118.90 |
| Upside Target | 120.17 |
| Upside Target | 123.09 |
| Upside Target | 131.11 |
| Upside Target | 131.56 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 114.29 |
| Downside Intraday Target | 112.65 |
| Upside Intraday Target | 118.24 |
| Upside Intraday Target | 120.55 |
| Upside Intraday Target | 116.6 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Thu Jul 2024 | 115.94 | 116.80 | 118.90 | 114.95 | 0.797 times |
| 12 Fri Jul 2024 | 117.50 | 107.00 | 117.56 | 106.88 | 2.898 times |
| 05 Fri Jul 2024 | 107.00 | 108.03 | 108.12 | 105.15 | 1.044 times |
| 03 Wed Jul 2024 | 105.50 | 107.58 | 109.69 | 105.16 | 0.436 times |
| 28 Fri Jun 2024 | 107.65 | 107.61 | 109.89 | 105.37 | 1.452 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 |
| 18 Thu Jul 2024 | 115.94 | 107.58 | 118.90 | 105.15 | 0.772 times |
| 28 Fri Jun 2024 | 107.65 | 112.62 | 115.32 | 104.91 | 1.139 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 |
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 neutral. A longer time frame might give a better analysis.
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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 114.4 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 neutral. A longer time frame might give a better analysis.
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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 114.4 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.