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(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 2024-09-23 View latest technical analysis

10 day averaged volume of Fomento Economico is 568616

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	100.33	99.41	100.74	98.97	1.499 times
20 Fri Sep 2024	99.75	102.04	102.53	99.02	2.116 times
19 Thu Sep 2024	102.21	103.59	103.75	101.37	1.213 times
18 Wed Sep 2024	102.08	103.36	103.67	101.95	0.648 times
17 Tue Sep 2024	103.21	103.82	106.06	103.17	0.896 times
16 Mon Sep 2024	103.56	105.22	105.22	102.07	1.492 times
13 Fri Sep 2024	104.57	103.98	105.31	103.48	0.885 times
12 Thu Sep 2024	103.25	101.72	103.80	101.11	0.73 times
11 Wed Sep 2024	101.36	100.11	101.42	99.59	0.667 times
10 Tue Sep 2024	99.72	101.78	102.24	99.28	0.712 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 100.9, but if it comes above 100.9, then a intra day buy could be more profitable.
If you take a sell trade below 100.9, then use 100.9 as stoploss and 99.2 as target. However if you take a buy trade in stock , then use 100.9 as stoploss and 102.42 as target.

Share price targets for Fomento Economico (FMX)

Target Type	Value
Downside Target	98.97
Upside Target	104.30
Upside Target	105.15
Upside Target	105.31
Upside Target	106.06
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	99.29
Downside Intraday Target	98.24
Upside Intraday Target	101.06
Upside Intraday Target	101.78
Downside Intraday Target	100.01

Weekly technical analysis of Fomento Economico (FMX)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	100.33	99.41	100.74	98.97	0.236 times
20 Fri Sep 2024	99.75	105.22	106.06	99.02	1.751 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

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
23 Mon Sep 2024	100.33	101.99	106.06	98.97	0.585 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 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 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 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

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 moving up

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 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 101.78 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.