Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-21 View latest technical analysis

10 day averaged volume of Fomento Economico is 568230

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	107.38	110.65	111.20	106.63	1.384 times
20 Tue Aug 2024	110.23	112.91	114.13	110.17	1.202 times
19 Mon Aug 2024	113.54	113.48	113.62	112.05	1.39 times
16 Fri Aug 2024	113.00	112.90	113.81	112.35	0.977 times
15 Thu Aug 2024	112.92	113.17	114.33	112.69	1.046 times
14 Wed Aug 2024	112.45	111.41	112.77	110.95	0.65 times
13 Tue Aug 2024	111.44	110.09	111.69	110.02	1.291 times
12 Mon Aug 2024	110.01	112.47	113.00	109.89	0.599 times
09 Fri Aug 2024	111.82	111.04	112.40	110.70	0.911 times
08 Thu Aug 2024	110.59	110.38	111.66	109.59	1.225 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 108.1, but if it comes above 108.1, then a intra day buy could be more profitable.
If you take a sell trade below 108.1, then use 108.1 as stoploss and 105.8 as target. However if you take a buy trade in stock , then use 108.1 as stoploss and 110.08 as target.

Share price targets for Fomento Economico (FMX)

Target Type	Value
Downside Target	104.27
Upside Target	112.40
Upside Target	114.13
Upside Target	114.33
Upside Target	114.49
Upside Target	115.32
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	104.63
Downside Intraday Target	101.88
Upside Intraday Target	112.13
Upside Intraday Target	116.88
Upside Intraday Target	109.38

Weekly technical analysis of Fomento Economico (FMX)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	107.38	113.48	114.13	106.63	0.871 times
16 Fri Aug 2024	113.00	112.47	114.33	109.89	0.917 times
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

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
21 Wed Aug 2024	107.38	110.31	114.33	104.27	0.546 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 to mid 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 mid to longer 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.

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 SELL signal for Fomento Economico in short term and the sell signal is strong.

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 and selling is picking up 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 111.25 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.