(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 2024-08-09 View latest technical analysis
10 day averaged volume of Fomento Economico is 617370
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 111.82 | 111.04 | 112.40 | 110.70 | 0.838 times |
| 08 Thu Aug 2024 | 110.59 | 110.38 | 111.66 | 109.59 | 1.128 times |
| 07 Wed Aug 2024 | 109.82 | 108.47 | 111.25 | 108.47 | 0.653 times |
| 06 Tue Aug 2024 | 107.13 | 106.99 | 108.60 | 106.75 | 0.951 times |
| 05 Mon Aug 2024 | 106.85 | 105.70 | 108.28 | 104.27 | 1.007 times |
| 02 Fri Aug 2024 | 108.87 | 108.67 | 110.00 | 108.21 | 1.296 times |
| 01 Thu Aug 2024 | 110.02 | 110.31 | 113.08 | 108.46 | 0.876 times |
| 31 Wed Jul 2024 | 110.25 | 109.51 | 112.05 | 108.65 | 0.958 times |
| 30 Tue Jul 2024 | 108.20 | 108.83 | 109.99 | 107.67 | 1.195 times |
| 29 Mon Jul 2024 | 109.24 | 109.57 | 111.50 | 108.70 | 1.116 times |
My analysis of stock is bearish for shortterm, and stock might move down till 108.2 or till 103.5. Use a stoploss of 112.06 and if the stock hits stoploss, then it can shoot up till 115.97
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 104.27 |
| Upside Target | 112.40 |
| Upside Target | 114.41 |
| Upside Target | 114.49 |
| Upside Target | 115.32 |
| Upside Target | 117.56 |
| Upside Target | 118.90 |
| Upside Target | 119.18 |
| Upside Target | 123.09 |
| Upside Target | 131.11 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 106.59 |
| Downside Intraday Target | 101.37 |
| Upside Intraday Target | 114.72 |
| Upside Intraday Target | 117.63 |
| Downside Intraday Target | 109.5 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 111.82 | 105.70 | 112.40 | 104.27 | 0.841 times |
| 02 Fri Aug 2024 | 108.87 | 109.57 | 113.08 | 107.67 | 1.13 times |
| 26 Fri Jul 2024 | 109.57 | 117.53 | 119.18 | 107.75 | 0.692 times |
| 19 Fri Jul 2024 | 116.31 | 116.80 | 118.90 | 114.41 | 0.993 times |
| 12 Fri Jul 2024 | 117.50 | 107.00 | 117.56 | 106.88 | 2.898 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 |
| 09 Fri Aug 2024 | 111.82 | 110.31 | 113.08 | 104.27 | 0.252 times |
| 31 Wed Jul 2024 | 110.25 | 107.58 | 119.18 | 105.15 | 1.195 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 |
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 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 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 BUY. Signal strength is Weak 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 moving up
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 and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 109.2 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 positive
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 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 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 BUY. Signal strength is Weak 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 moving up
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 and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 109.2 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.