(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 2024-06-21 View latest technical analysis
10 day averaged volume of Fomento Economico is 563520
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 106.75 | 107.31 | 109.39 | 106.54 | 1.504 times |
| 20 Thu Jun 2024 | 107.88 | 108.04 | 110.42 | 107.12 | 1.274 times |
| 18 Tue Jun 2024 | 108.24 | 108.31 | 110.27 | 108.06 | 1.23 times |
| 18 Tue Jun 2024 | 108.24 | 108.31 | 110.27 | 108.06 | 1.23 times |
| 17 Mon Jun 2024 | 108.30 | 105.79 | 108.38 | 105.41 | 0.741 times |
| 14 Fri Jun 2024 | 106.24 | 106.37 | 107.23 | 104.91 | 0.502 times |
| 13 Thu Jun 2024 | 107.23 | 108.96 | 110.00 | 106.76 | 0.857 times |
| 12 Wed Jun 2024 | 108.25 | 110.23 | 110.76 | 107.88 | 0.793 times |
| 11 Tue Jun 2024 | 109.94 | 109.21 | 110.75 | 107.96 | 1.091 times |
| 10 Mon Jun 2024 | 109.19 | 107.91 | 110.76 | 107.91 | 0.989 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 106.9, but if it comes above 106.9, then a intra day buy could be more profitable.
If you take a sell trade below 106.9, then use 106.9 as stoploss and 102.4 as target. However if you take a buy trade in stock , then use 106.9 as stoploss and 110.68 as target.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 104.91 |
| Upside Target | 110.27 |
| Upside Target | 113.62 |
| Upside Target | 115.32 |
| Upside Target | 116.84 |
| Upside Target | 118.45 |
| 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 | 105.39 |
| Downside Intraday Target | 104.02 |
| Upside Intraday Target | 109.27 |
| Upside Intraday Target | 111.78 |
| Upside Intraday Target | 107.9 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 106.75 | 108.31 | 110.42 | 106.54 | 2.034 times |
| 18 Tue Jun 2024 | 108.24 | 105.79 | 110.27 | 105.41 | 0.466 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Fomento Economico (FMX)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 106.75 | 112.62 | 115.32 | 104.91 | 0.869 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a short 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 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 gaining momentum.
MACD generated a BUY signal for Fomento Economico in short term but the buy signal is initial and weak.
Fomento Economico Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Fomento Economico in short term and SELL 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 108.07 and Fomento Economico (FMX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a short 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 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 gaining momentum.
MACD generated a BUY signal for Fomento Economico in short term but the buy signal is initial and weak.
Fomento Economico Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Fomento Economico in short term and SELL 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 108.07 and Fomento Economico (FMX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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.