(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 2024-07-02 View latest technical analysis
10 day averaged volume of Fomento Economico is 666450
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Tue Jul 2024 | 107.51 | 108.44 | 109.69 | 106.87 | 0.717 times |
| 01 Mon Jul 2024 | 108.39 | 107.58 | 108.96 | 106.90 | 0.647 times |
| 28 Fri Jun 2024 | 107.65 | 106.08 | 107.83 | 106.08 | 0.813 times |
| 27 Thu Jun 2024 | 106.15 | 106.09 | 107.15 | 105.37 | 0.582 times |
| 26 Wed Jun 2024 | 106.25 | 108.53 | 108.66 | 105.65 | 1.061 times |
| 25 Tue Jun 2024 | 109.28 | 108.24 | 109.49 | 105.39 | 1.59 times |
| 24 Mon Jun 2024 | 108.63 | 107.61 | 109.89 | 107.00 | 0.876 times |
| 21 Fri Jun 2024 | 106.75 | 107.31 | 109.39 | 106.54 | 1.272 times |
| 20 Thu Jun 2024 | 107.88 | 108.04 | 110.42 | 107.12 | 1.077 times |
| 18 Tue Jun 2024 | 108.24 | 108.31 | 110.27 | 108.06 | 1.04 times |
My analysis of stock is bearish for shortterm, and stock might move down till 106.5 or till 104.3. Use a stoploss of 108.45 and if the stock hits stoploss, then it can shoot up till 110.35
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 104.91 |
| Upside Target | 109.69 |
| Upside Target | 110.42 |
| Upside Target | 110.76 |
| Upside Target | 113.62 |
| Upside Target | 114.49 |
| Upside Target | 115.32 |
| Upside Target | 120.17 |
| Upside Target | 123.09 |
| Upside Target | 131.11 |
| Upside Target | 131.56 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 106.36 |
| Downside Intraday Target | 105.2 |
| Upside Intraday Target | 109.18 |
| Upside Intraday Target | 110.84 |
| Upside Intraday Target | 108.02 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Tue Jul 2024 | 107.51 | 107.58 | 109.69 | 106.87 | 0.277 times |
| 28 Fri Jun 2024 | 107.65 | 107.61 | 109.89 | 105.37 | 1.452 times |
| 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 |
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 |
| 02 Tue Jul 2024 | 107.51 | 107.58 | 109.69 | 106.87 | 0.066 times |
| 28 Fri Jun 2024 | 107.65 | 112.62 | 115.32 | 104.91 | 1.139 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 |
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 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.
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 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 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 weakening, and bulls are picking up momentum!
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 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 107.77 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 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.
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 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 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 weakening, and bulls are picking up momentum!
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 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 107.77 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.