(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 2024-06-17 View latest technical analysis
10 day averaged volume of Fomento Economico is 718930
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Mon Jun 2024 | 108.30 | 105.79 | 108.38 | 105.41 | 0.58 times |
| 14 Fri Jun 2024 | 106.24 | 106.37 | 107.23 | 104.91 | 0.394 times |
| 13 Thu Jun 2024 | 107.23 | 108.96 | 110.00 | 106.76 | 0.672 times |
| 12 Wed Jun 2024 | 108.25 | 110.23 | 110.76 | 107.88 | 0.621 times |
| 11 Tue Jun 2024 | 109.94 | 109.21 | 110.75 | 107.96 | 0.855 times |
| 10 Mon Jun 2024 | 109.19 | 107.91 | 110.76 | 107.91 | 0.775 times |
| 07 Fri Jun 2024 | 108.35 | 111.78 | 114.04 | 107.85 | 1.013 times |
| 06 Thu Jun 2024 | 112.85 | 113.71 | 115.32 | 111.65 | 0.597 times |
| 05 Wed Jun 2024 | 113.76 | 112.07 | 114.72 | 111.97 | 1.097 times |
| 04 Tue Jun 2024 | 111.41 | 105.92 | 111.82 | 105.78 | 2.116 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 108.4, but if it comes above 108.4, then a intra day buy could be more profitable.
If you take a sell trade below 108.4, then use 108.4 as stoploss and 103.2 as target. However if you take a buy trade in stock , then use 108.4 as stoploss and 112.65 as target.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 104.91 |
| Upside Target | 108.38 |
| Upside Target | 110.76 |
| Upside Target | 113.62 |
| Upside Target | 116.84 |
| Upside Target | 118.45 |
| Upside Target | 120.15 |
| Upside Target | 120.17 |
| Upside Target | 123.09 |
| Upside Target | 131.11 |
| Upside Target | 131.56 |
| Upside Target | 143.43 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 106.35 |
| Downside Intraday Target | 104.39 |
| Upside Intraday Target | 109.32 |
| Upside Intraday Target | 110.33 |
| Downside Intraday Target | 107.36 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Mon Jun 2024 | 108.30 | 105.79 | 108.38 | 105.41 | 0.175 times |
| 14 Fri Jun 2024 | 106.24 | 107.91 | 110.76 | 104.91 | 0.496 times |
| 07 Fri Jun 2024 | 108.35 | 112.62 | 115.32 | 105.72 | 2.352 times |
| 31 Fri May 2024 | 114.62 | 116.99 | 118.45 | 114.49 | 0.612 times |
| 24 Fri May 2024 | 116.75 | 119.57 | 120.15 | 115.69 | 1.212 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 |
| 17 Mon Jun 2024 | 108.30 | 112.62 | 115.32 | 104.91 | 0.626 times |
| 31 Fri May 2024 | 114.62 | 117.85 | 123.09 | 114.49 | 0.66 times |
| 30 Tue Apr 2024 | 117.66 | 130.72 | 131.11 | 113.62 | 1.189 times |
| 28 Thu Mar 2024 | 130.27 | 124.39 | 131.56 | 120.17 | 1.012 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 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 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 losing momentum.
MACD generated a SELL signal for Fomento Economico in short term and the sell signal is strong.
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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Fomento Economico in short term but BUY signal is weak.
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 110.12 and Fomento Economico (FMX) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 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 losing momentum.
MACD generated a SELL signal for Fomento Economico in short term and the sell signal is strong.
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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Fomento Economico in short term but BUY signal is weak.
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 110.12 and Fomento Economico (FMX) stock is trading below this level. This means that stock is falling with high volumes. 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.