(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 2024-03-07 View latest technical analysis
10 day averaged volume of Fomento Economico is 994760
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Thu Mar 2024 | 121.34 | 122.04 | 122.35 | 120.17 | 0.471 times |
| 06 Wed Mar 2024 | 121.47 | 122.49 | 123.95 | 121.42 | 0.576 times |
| 05 Tue Mar 2024 | 122.06 | 123.00 | 124.91 | 121.98 | 1.18 times |
| 04 Mon Mar 2024 | 123.40 | 124.07 | 125.18 | 123.39 | 0.663 times |
| 01 Fri Mar 2024 | 124.83 | 124.39 | 125.98 | 122.51 | 0.39 times |
| 29 Thu Feb 2024 | 124.24 | 125.24 | 126.20 | 123.51 | 0.723 times |
| 28 Wed Feb 2024 | 124.11 | 121.69 | 125.82 | 121.69 | 1.05 times |
| 27 Tue Feb 2024 | 121.84 | 118.82 | 122.67 | 118.50 | 1.51 times |
| 26 Mon Feb 2024 | 118.41 | 118.93 | 120.37 | 116.84 | 1.247 times |
| 23 Fri Feb 2024 | 118.83 | 129.42 | 131.80 | 117.11 | 2.076 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 121.4, but if it comes above 121.4, then a intra day buy could be more profitable.
If you take a sell trade below 121.4, then use 121.4 as stoploss and 111.1 as target. However if you take a buy trade in stock , then use 121.4 as stoploss and 130.03 as target.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 112.86 |
| Downside Target | 116.84 |
| Downside Target | 120.17 |
| Upside Target | 124.80 |
| Upside Target | 131.84 |
| Upside Target | 133.62 |
| Upside Target | 134.67 |
| Upside Target | 135.65 |
| Upside Target | 138.47 |
| Upside Target | 143.19 |
| Upside Target | 143.43 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 119.28 |
| Downside Intraday Target | 117.22 |
| Upside Intraday Target | 124.29 |
| Upside Intraday Target | 127.24 |
| Upside Intraday Target | 122.23 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Thu Mar 2024 | 121.34 | 124.07 | 125.18 | 120.17 | 0.587 times |
| 01 Fri Mar 2024 | 124.83 | 118.93 | 126.20 | 116.84 | 1.21 times |
| 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 |
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 |
| 07 Thu Mar 2024 | 121.34 | 124.39 | 125.98 | 120.17 | 0.213 times |
| 29 Thu Feb 2024 | 124.24 | 135.96 | 143.43 | 116.84 | 1.449 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 |
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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.
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 but selling 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 121.4 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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.
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 but selling 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 121.4 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.