(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 2024-09-17 View latest technical analysis
10 day averaged volume of Fomento Economico is 628156
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Tue Sep 2024 | 103.21 | 103.82 | 106.06 | 103.17 | 0.811 times |
| 16 Mon Sep 2024 | 103.56 | 105.22 | 105.22 | 102.07 | 1.351 times |
| 13 Fri Sep 2024 | 104.57 | 103.98 | 105.31 | 103.48 | 0.801 times |
| 12 Thu Sep 2024 | 103.25 | 101.72 | 103.80 | 101.11 | 0.661 times |
| 11 Wed Sep 2024 | 101.36 | 100.11 | 101.42 | 99.59 | 0.603 times |
| 10 Tue Sep 2024 | 99.72 | 101.78 | 102.24 | 99.28 | 0.645 times |
| 09 Mon Sep 2024 | 102.19 | 102.06 | 103.15 | 101.85 | 0.58 times |
| 06 Fri Sep 2024 | 101.96 | 102.41 | 102.77 | 100.98 | 1.84 times |
| 05 Thu Sep 2024 | 102.06 | 103.06 | 103.74 | 101.59 | 1.401 times |
| 04 Wed Sep 2024 | 102.89 | 100.08 | 104.30 | 100.08 | 0.969 times |
My analysis of stock is bearish for shortterm, and stock might move down till 101.5 or till 98.9. Use a stoploss of 103.6 and if the stock hits stoploss, then it can shoot up till 105.73
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 99.28 |
| Upside Target | 104.30 |
| Upside Target | 105.31 |
| Upside Target | 106.06 |
| Upside Target | 108.44 |
| 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 | 101.5 |
| Downside Intraday Target | 99.79 |
| Upside Intraday Target | 105.49 |
| Upside Intraday Target | 107.77 |
| Upside Intraday Target | 103.78 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Tue Sep 2024 | 103.21 | 105.22 | 106.06 | 102.07 | 0.657 times |
| 13 Fri Sep 2024 | 104.57 | 102.06 | 105.31 | 99.28 | 0.614 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 |
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 |
| 17 Tue Sep 2024 | 103.21 | 101.99 | 106.06 | 99.28 | 0.401 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 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 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 to mid 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 buy signal for Fomento Economico in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 102.53 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 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 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 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 to mid 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 buy signal for Fomento Economico in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 102.53 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.