(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 2024-10-03 View latest technical analysis
10 day averaged volume of Fomento Economico is 695500
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Thu Oct 2024 | 98.89 | 98.00 | 99.21 | 97.58 | 0.786 times |
| 02 Wed Oct 2024 | 98.32 | 100.00 | 100.29 | 97.90 | 1.104 times |
| 01 Tue Oct 2024 | 99.61 | 99.23 | 100.99 | 98.84 | 0.621 times |
| 30 Mon Sep 2024 | 98.71 | 99.67 | 99.96 | 98.58 | 0.836 times |
| 27 Fri Sep 2024 | 99.39 | 101.41 | 101.41 | 98.67 | 1.029 times |
| 26 Thu Sep 2024 | 100.92 | 100.53 | 101.77 | 100.25 | 0.624 times |
| 25 Wed Sep 2024 | 100.16 | 101.11 | 101.94 | 99.76 | 1.184 times |
| 24 Tue Sep 2024 | 100.99 | 100.94 | 102.00 | 100.58 | 0.653 times |
| 23 Mon Sep 2024 | 100.33 | 99.41 | 100.74 | 98.97 | 1.226 times |
| 20 Fri Sep 2024 | 99.75 | 102.04 | 102.53 | 99.02 | 1.73 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 99.3, but if it comes above 99.3, then a intra day buy could be more profitable.
If you take a sell trade below 99.3, then use 99.3 as stoploss and 97.2 as target. However if you take a buy trade in stock , then use 99.3 as stoploss and 101.06 as target.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 97.58 |
| Upside Target | 104.30 |
| Upside Target | 104.91 |
| Upside Target | 105.15 |
| Upside Target | 105.31 |
| Upside Target | 106.06 |
| Upside Target | 114.33 |
| Upside Target | 115.32 |
| Upside Target | 119.18 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 97.32 |
| Downside Intraday Target | 95.74 |
| Upside Intraday Target | 100.73 |
| Upside Intraday Target | 102.56 |
| Upside Intraday Target | 99.15 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Thu Oct 2024 | 98.89 | 99.67 | 100.99 | 97.58 | 0.71 times |
| 27 Fri Sep 2024 | 99.39 | 99.41 | 102.00 | 98.67 | 0.906 times |
| 20 Fri Sep 2024 | 99.75 | 105.22 | 106.06 | 99.02 | 1.751 times |
| 13 Fri Sep 2024 | 104.57 | 102.06 | 105.31 | 99.28 | 0.614 times |
| 06 Fri Sep 2024 | 101.96 | 101.99 | 104.30 | 100.08 | 2.052 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 |
| 03 Thu Oct 2024 | 98.89 | 99.23 | 100.99 | 97.58 | 0.135 times |
| 30 Mon Sep 2024 | 98.71 | 101.99 | 106.06 | 98.58 | 0.763 times |
| 30 Fri Aug 2024 | 102.78 | 110.31 | 114.33 | 102.03 | 1.024 times |
| 31 Wed Jul 2024 | 110.25 | 107.58 | 119.18 | 105.15 | 1.195 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 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 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.
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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
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 and selling is picking up 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 99.66 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 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.
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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
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 and selling is picking up 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 99.66 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.