(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 2024-03-15 View latest technical analysis
10 day averaged volume of Fomento Economico is 558360
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Fri Mar 2024 | 127.98 | 124.84 | 130.13 | 124.38 | 4.096 times |
| 14 Thu Mar 2024 | 125.28 | 124.20 | 125.61 | 123.90 | 0.669 times |
| 13 Wed Mar 2024 | 124.53 | 121.74 | 124.79 | 121.29 | 0.852 times |
| 12 Tue Mar 2024 | 122.16 | 122.10 | 123.03 | 120.96 | 1.114 times |
| 11 Mon Mar 2024 | 122.05 | 121.24 | 123.05 | 121.17 | 0.66 times |
| 08 Fri Mar 2024 | 121.99 | 121.41 | 123.06 | 121.41 | 0.864 times |
| 07 Thu Mar 2024 | 121.34 | 122.04 | 122.35 | 120.17 | 0.839 times |
| 06 Wed Mar 2024 | 121.47 | 122.49 | 123.95 | 121.42 | 1.026 times |
| 05 Tue Mar 2024 | 122.06 | 123.00 | 124.91 | 121.98 | 2.102 times |
| 04 Mon Mar 2024 | 123.40 | 124.07 | 125.18 | 123.39 | 1.18 times |
Stock of Fomento Economico (FMX) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 129.5 as stoploss in an intra day sell trade for a target of 124.86. However, stock will show a bullish move above 129.5.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 112.86 |
| Downside Target | 116.84 |
| Downside Target | 120.17 |
| Downside Target | 124.80 |
| Upside Target | 130.13 |
| Upside Target | 131.84 |
| Upside Target | 133.62 |
| Upside Target | 134.67 |
| Upside Target | 138.47 |
| Upside Target | 143.43 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 122.58 |
| Downside Intraday Target | 117.19 |
| Upside Intraday Target | 131.75 |
| Upside Intraday Target | 135.53 |
| Downside Intraday Target | 126.36 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Fri Mar 2024 | 127.98 | 121.24 | 130.13 | 120.96 | 1.229 times |
| 08 Fri Mar 2024 | 121.99 | 124.07 | 125.18 | 120.17 | 0.686 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 |
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 |
| 15 Fri Mar 2024 | 127.98 | 124.39 | 130.13 | 120.17 | 0.514 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 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 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 short 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 short to mid 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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Fomento Economico in short term but the buy signal is initial and weak.
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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Fomento Economico in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing 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 124.22 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 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 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 short 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 short to mid 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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Fomento Economico in short term but the buy signal is initial and weak.
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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Fomento Economico in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing 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 124.22 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.