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(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.

10 day averaged volume of Fomento Economico is 1005840

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 130.25 130.80 131.07 129.82 0.368 times
26 Tue Mar 2024 130.55 128.64 131.56 128.64 0.708 times
25 Mon Mar 2024 129.20 129.94 130.25 128.94 0.459 times
22 Fri Mar 2024 129.53 129.78 131.45 129.43 0.702 times
21 Thu Mar 2024 130.38 129.12 131.19 127.97 0.84 times
20 Wed Mar 2024 128.34 125.52 128.54 125.32 0.585 times
19 Tue Mar 2024 125.58 127.38 128.55 125.56 0.573 times
18 Mon Mar 2024 127.92 128.40 129.02 126.51 3.016 times
15 Fri Mar 2024 127.98 124.84 130.13 124.38 2.274 times
14 Thu Mar 2024 125.28 124.20 125.61 123.90 0.372 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 128.9, but if it comes below 128.9, then a intra day sell could be more profitable.
If you take a sell trade below 128.9, then use 128.9 as stoploss and 125.65 as target. However if you take a buy trade in stock , then use 128.9 as stoploss and 132.8 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 128.64
Downside Target 130.13
Upside Target 131.45
Upside Target 131.56
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 128.74
Downside Intraday Target 127.23
Upside Intraday Target 131.66
Upside Intraday Target 133.07
Downside Intraday Target 130.15

Weekly technical analysis of Fomento Economico (FMX)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 130.25 129.94 131.56 128.64 0.269 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 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
27 Wed Mar 2024 130.25 124.39 131.56 120.17 0.991 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 neutral. A longer time frame might give a better analysis.

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 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 coming down

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

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 128.38 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 neutral. A longer time frame might give a better analysis.

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 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 coming down

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

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 128.38 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.

Daily charts

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Daily chart
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