(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 2024-03-25 View latest technical analysis
10 day averaged volume of Fomento Economico is 987500
Date | Daily Closing Price | Open | High | Low | Volume |
25 Mon Mar 2024 | 129.20 | 129.94 | 130.25 | 128.94 | 0.467 times |
22 Fri Mar 2024 | 129.53 | 129.78 | 131.45 | 129.43 | 0.715 times |
21 Thu Mar 2024 | 130.38 | 129.12 | 131.19 | 127.97 | 0.855 times |
20 Wed Mar 2024 | 128.34 | 125.52 | 128.54 | 125.32 | 0.596 times |
19 Tue Mar 2024 | 125.58 | 127.38 | 128.55 | 125.56 | 0.584 times |
18 Mon Mar 2024 | 127.92 | 128.40 | 129.02 | 126.51 | 3.072 times |
15 Fri Mar 2024 | 127.98 | 124.84 | 130.13 | 124.38 | 2.316 times |
14 Thu Mar 2024 | 125.28 | 124.20 | 125.61 | 123.90 | 0.378 times |
13 Wed Mar 2024 | 124.53 | 121.74 | 124.79 | 121.29 | 0.482 times |
12 Tue Mar 2024 | 122.16 | 122.10 | 123.03 | 120.96 | 0.63 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 127.8, but if it comes below 127.8, then a intra day sell could be more profitable.
If you take a sell trade below 127.8, then use 127.8 as stoploss and 124.91 as target. However if you take a buy trade in stock , then use 127.8 as stoploss and 131.3 as target.
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 | 128.94 |
Upside Target | 130.13 |
Upside Target | 130.25 |
Upside Target | 131.45 |
Upside Target | 133.62 |
Upside Target | 138.47 |
Upside Target | 143.43 |
Intraday share price targets for Fomento Economico (FMX)
Target Type | Value |
Downside Intraday Target | 128.68 |
Downside Intraday Target | 128.15 |
Upside Intraday Target | 129.99 |
Upside Intraday Target | 130.77 |
Upside Intraday Target | 129.46 |
Weekly technical analysis of Fomento Economico (FMX)
Date | Weekly Closing Price | Open | High | Low | Volume |
25 Mon Mar 2024 | 129.20 | 129.94 | 130.25 | 128.94 | 0.08 times |
22 Fri Mar 2024 | 129.53 | 128.40 | 131.45 | 125.32 | 1.393 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 |
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 |
25 Mon Mar 2024 | 129.20 | 124.39 | 131.45 | 120.17 | 0.92 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Fomento Economico stock for short term is BUY. Signal strength is Weak and stock is losing 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 tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Fomento Economico in short term but SELL signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 127.58 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Fomento Economico stock for short term is BUY. Signal strength is Weak and stock is losing 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 tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Fomento Economico in short term but SELL signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 127.58 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.