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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 2024-02-22 View latest technical analysis

10 day averaged volume of Fomento Economico is 553740

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	133.46	134.31	134.31	132.19	1.052 times
21 Wed Feb 2024	133.21	131.76	133.30	131.76	0.785 times
20 Tue Feb 2024	132.54	133.25	134.67	131.67	1.736 times
16 Fri Feb 2024	133.40	142.04	142.04	131.84	2.309 times
15 Thu Feb 2024	142.09	142.60	143.43	141.72	0.652 times
14 Wed Feb 2024	142.16	139.95	142.47	139.95	0.568 times
13 Tue Feb 2024	140.14	140.57	141.39	139.02	0.63 times
12 Mon Feb 2024	141.90	141.92	142.40	140.70	0.41 times
09 Fri Feb 2024	141.64	141.26	143.19	140.80	1.143 times
08 Thu Feb 2024	139.47	138.95	139.48	138.03	0.503 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 134.8, but if it comes above 134.8, then a intra day buy could be more profitable.
If you take a sell trade below 134.8, then use 134.8 as stoploss and 131 as target. However if you take a buy trade in stock , then use 134.8 as stoploss and 137.98 as target.

Share price targets for Fomento Economico (FMX)

Target Type	Value
Downside Target	99.24
Downside Target	112.86
Downside Target	124.80
Downside Target	128.63
Downside Target	131.67
Upside Target	135.65
Upside Target	137.86
Upside Target	138.47
Upside Target	142.00
Upside Target	143.19
Upside Target	143.43

Intraday share price targets for Fomento Economico (FMX)

Target Type	Value
Downside Intraday Target	131.86
Downside Intraday Target	130.27
Upside Intraday Target	134.86
Upside Intraday Target	136.27
Downside Intraday Target	133.27

Weekly technical analysis of Fomento Economico (FMX)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	133.46	133.25	134.67	131.67	0.782 times
16 Fri Feb 2024	133.40	141.92	143.43	131.84	0.889 times
09 Fri Feb 2024	141.64	141.12	143.19	135.65	1.109 times
02 Fri Feb 2024	141.04	136.91	142.00	134.84	0.978 times
26 Fri Jan 2024	136.54	134.00	137.86	131.90	0.81 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
22 Thu Feb 2024	133.46	135.96	143.43	131.67	0.827 times
31 Wed Jan 2024	135.54	129.53	138.47	125.60	1.461 times
29 Fri Dec 2023	130.35	126.46	133.62	124.80	0.518 times
30 Thu Nov 2023	126.89	114.39	128.63	112.86	0.952 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Fomento Economico stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Fomento Economico in short term but BUY signal is weak.

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

Although the stock is in the SELL zone, but selling 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 136.39 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.