(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 2024-02-23 View latest technical analysis
10 day averaged volume of Fomento Economico is 541990
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Fri Feb 2024 | 118.83 | 129.42 | 131.80 | 117.11 | 3.811 times |
| 22 Thu Feb 2024 | 133.46 | 134.31 | 134.31 | 132.19 | 1.075 times |
| 21 Wed Feb 2024 | 133.21 | 131.76 | 133.30 | 131.76 | 0.802 times |
| 20 Tue Feb 2024 | 132.54 | 133.25 | 134.67 | 131.67 | 1.773 times |
| 16 Fri Feb 2024 | 133.40 | 142.04 | 142.04 | 131.84 | 2.359 times |
| 15 Thu Feb 2024 | 142.09 | 142.60 | 143.43 | 141.72 | 0.666 times |
| 14 Wed Feb 2024 | 142.16 | 139.95 | 142.47 | 139.95 | 0.581 times |
| 13 Tue Feb 2024 | 140.14 | 140.57 | 141.39 | 139.02 | 0.644 times |
| 12 Mon Feb 2024 | 141.90 | 141.92 | 142.40 | 140.70 | 0.419 times |
| 09 Fri Feb 2024 | 141.64 | 141.26 | 143.19 | 140.80 | 1.167 times |
Stock of Fomento Economico (FMX) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 125.6, for a target of 131.9 or 137.14
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 99.24 |
| Downside Target | 112.86 |
| Downside Target | 117.11 |
| Upside Target | 124.80 |
| Upside Target | 128.63 |
| Upside Target | 131.84 |
| 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 | 112.4 |
| Downside Intraday Target | 105.98 |
| Upside Intraday Target | 129.96 |
| Upside Intraday Target | 141.1 |
| Upside Intraday Target | 123.54 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Fri Feb 2024 | 118.83 | 133.25 | 134.67 | 117.11 | 1.598 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 down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Fomento Economico (FMX)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 23 Fri Feb 2024 | 118.83 | 135.96 | 143.43 | 117.11 | 1.022 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 131.24 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 131.24 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.