(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 2024-07-23 View latest technical analysis
10 day averaged volume of Fomento Economico is 781080
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Tue Jul 2024 | 117.01 | 118.34 | 119.18 | 116.35 | 0.774 times |
| 22 Mon Jul 2024 | 118.83 | 117.53 | 118.83 | 116.88 | 0.425 times |
| 19 Fri Jul 2024 | 116.31 | 116.21 | 117.09 | 114.41 | 1.089 times |
| 18 Thu Jul 2024 | 115.94 | 117.83 | 118.90 | 115.12 | 0.919 times |
| 17 Wed Jul 2024 | 117.60 | 117.56 | 118.85 | 115.45 | 1.079 times |
| 16 Tue Jul 2024 | 118.24 | 116.53 | 118.36 | 115.61 | 1.421 times |
| 15 Mon Jul 2024 | 115.61 | 116.80 | 117.16 | 114.95 | 0.991 times |
| 12 Fri Jul 2024 | 117.50 | 115.61 | 117.56 | 115.38 | 1.566 times |
| 11 Thu Jul 2024 | 115.60 | 114.55 | 115.61 | 113.90 | 0.961 times |
| 10 Wed Jul 2024 | 114.68 | 112.78 | 114.76 | 112.23 | 0.628 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 117, but if it comes below 117, then a intra day sell could be more profitable.
If you take a sell trade below 117, then use 117 as stoploss and 112.17 as target. However if you take a buy trade in stock , then use 117 as stoploss and 122.9 as target.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 104.91 |
| Downside Target | 113.62 |
| Downside Target | 116.35 |
| Upside Target | 117.56 |
| Upside Target | 118.90 |
| Upside Target | 119.18 |
| 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 | 115.85 |
| Downside Intraday Target | 114.68 |
| Upside Intraday Target | 118.68 |
| Upside Intraday Target | 120.34 |
| Upside Intraday Target | 117.51 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Tue Jul 2024 | 117.01 | 117.53 | 119.18 | 116.35 | 0.218 times |
| 19 Fri Jul 2024 | 116.31 | 116.80 | 118.90 | 114.41 | 0.993 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 |
Price has moved up 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 |
| 23 Tue Jul 2024 | 117.01 | 107.58 | 119.18 | 105.15 | 0.902 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 116.8 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 116.8 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.