(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 2024-03-21 View latest technical analysis
10 day averaged volume of Fomento Economico is 927520
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Thu Mar 2024 | 130.38 | 129.12 | 131.19 | 127.97 | 0.911 times |
| 20 Wed Mar 2024 | 128.34 | 125.52 | 128.54 | 125.32 | 0.634 times |
| 19 Tue Mar 2024 | 125.58 | 127.38 | 128.55 | 125.56 | 0.622 times |
| 18 Mon Mar 2024 | 127.92 | 128.40 | 129.02 | 126.51 | 3.271 times |
| 15 Fri Mar 2024 | 127.98 | 124.84 | 130.13 | 124.38 | 2.466 times |
| 14 Thu Mar 2024 | 125.28 | 124.20 | 125.61 | 123.90 | 0.403 times |
| 13 Wed Mar 2024 | 124.53 | 121.74 | 124.79 | 121.29 | 0.513 times |
| 12 Tue Mar 2024 | 122.16 | 122.10 | 123.03 | 120.96 | 0.67 times |
| 11 Mon Mar 2024 | 122.05 | 121.24 | 123.05 | 121.17 | 0.397 times |
| 08 Fri Mar 2024 | 121.99 | 121.41 | 123.06 | 121.41 | 0.52 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 130.6, for a target of 126.9 or 123.84
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 |
| Downside Target | 128.63 |
| Downside Target | 130.13 |
| Upside Target | 131.19 |
| 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 | 126.74 |
| Downside Intraday Target | 123.09 |
| Upside Intraday Target | 132.61 |
| Upside Intraday Target | 134.83 |
| Downside Intraday Target | 128.96 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Thu Mar 2024 | 130.38 | 128.40 | 131.19 | 125.32 | 1.222 times |
| 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 |
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 |
| 21 Thu Mar 2024 | 130.38 | 124.39 | 131.19 | 120.17 | 0.844 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Fomento Economico stock for short term is BUY. Signal strength is Strong 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 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 126.87 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Fomento Economico stock for short term is BUY. Signal strength is Strong 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 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 126.87 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.