(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 2024-08-26 View latest technical analysis
10 day averaged volume of Fomento Economico is 592600
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Mon Aug 2024 | 105.52 | 108.44 | 108.44 | 105.20 | 1.377 times |
| 23 Fri Aug 2024 | 107.98 | 107.74 | 109.14 | 107.06 | 1.1 times |
| 22 Thu Aug 2024 | 107.01 | 107.33 | 108.96 | 106.50 | 0.713 times |
| 21 Wed Aug 2024 | 107.38 | 110.65 | 111.20 | 106.63 | 1.327 times |
| 20 Tue Aug 2024 | 110.23 | 112.91 | 114.13 | 110.17 | 1.153 times |
| 19 Mon Aug 2024 | 113.54 | 113.48 | 113.62 | 112.05 | 1.333 times |
| 16 Fri Aug 2024 | 113.00 | 112.90 | 113.81 | 112.35 | 0.937 times |
| 15 Thu Aug 2024 | 112.92 | 113.17 | 114.33 | 112.69 | 1.003 times |
| 14 Wed Aug 2024 | 112.45 | 111.41 | 112.77 | 110.95 | 0.623 times |
| 13 Tue Aug 2024 | 111.44 | 110.09 | 111.69 | 110.02 | 1.238 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 104.7, for a target of 107.5 or 109.75
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 104.27 |
| Upside Target | 112.40 |
| Upside Target | 113.62 |
| 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 | 104.33 |
| Downside Intraday Target | 103.15 |
| Upside Intraday Target | 107.57 |
| Upside Intraday Target | 109.63 |
| Upside Intraday Target | 106.39 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Mon Aug 2024 | 105.52 | 108.44 | 108.44 | 105.20 | 0.245 times |
| 23 Fri Aug 2024 | 107.98 | 113.48 | 114.13 | 106.50 | 1.286 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 |
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 |
| 26 Mon Aug 2024 | 105.52 | 110.31 | 114.33 | 104.27 | 0.66 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 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 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 neutral. A longer time frame might give a better analysis.
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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 110 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 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 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 neutral. A longer time frame might give a better analysis.
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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 110 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.