(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 2024-09-11 View latest technical analysis
10 day averaged volume of Fomento Economico is 914656
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Wed Sep 2024 | 101.36 | 100.11 | 101.42 | 99.59 | 0.414 times |
| 10 Tue Sep 2024 | 99.72 | 101.78 | 102.24 | 99.28 | 0.443 times |
| 09 Mon Sep 2024 | 102.19 | 102.06 | 103.15 | 101.85 | 0.398 times |
| 06 Fri Sep 2024 | 101.96 | 102.41 | 102.77 | 100.98 | 1.263 times |
| 05 Thu Sep 2024 | 102.06 | 103.06 | 103.74 | 101.59 | 0.962 times |
| 04 Wed Sep 2024 | 102.89 | 100.08 | 104.30 | 100.08 | 0.665 times |
| 03 Tue Sep 2024 | 100.56 | 101.99 | 102.65 | 100.10 | 0.789 times |
| 30 Fri Aug 2024 | 102.78 | 103.90 | 104.34 | 102.03 | 1.794 times |
| 30 Fri Aug 2024 | 102.78 | 103.90 | 104.34 | 102.03 | 1.794 times |
| 29 Thu Aug 2024 | 103.81 | 104.45 | 104.51 | 102.39 | 0.842 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 101.2 as stoploss in an intra day buy trade for a target of 105.36. However, stock will show a bearish move below 101.2.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 99.28 |
| Upside Target | 105.15 |
| Upside Target | 106.50 |
| Upside Target | 108.44 |
| Upside Target | 114.13 |
| Upside Target | 114.33 |
| Upside Target | 114.49 |
| Upside Target | 115.32 |
| Upside Target | 119.18 |
| Upside Target | 123.09 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 99.38 |
| Downside Intraday Target | 97.39 |
| Upside Intraday Target | 103.25 |
| Upside Intraday Target | 105.13 |
| Downside Intraday Target | 101.26 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Wed Sep 2024 | 101.36 | 102.06 | 103.15 | 99.28 | 0.341 times |
| 06 Fri Sep 2024 | 101.96 | 101.99 | 104.30 | 100.08 | 2.052 times |
| 30 Fri Aug 2024 | 102.78 | 103.90 | 104.34 | 102.03 | 0.315 times |
| 30 Fri Aug 2024 | 102.78 | 108.44 | 108.44 | 102.03 | 1.561 times |
| 23 Fri Aug 2024 | 107.98 | 113.48 | 114.13 | 106.50 | 1.286 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 |
| 11 Wed Sep 2024 | 101.36 | 101.99 | 104.30 | 99.28 | 0.267 times |
| 30 Fri Aug 2024 | 102.78 | 110.31 | 114.33 | 102.03 | 1.024 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 |
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 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 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 SELL signal for Fomento Economico in short term and the sell signal is strong.
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 LOWS in short term which reflects strong selling momentum. 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 moving up
CCI has generated a buy signal for Fomento Economico in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 102.28 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 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 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 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 SELL signal for Fomento Economico in short term and the sell signal is strong.
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 LOWS in short term which reflects strong selling momentum. 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 moving up
CCI has generated a buy signal for Fomento Economico in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 102.28 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.