(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 2024-10-17 View latest technical analysis
10 day averaged volume of Fomento Economico is 568310
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Thu Oct 2024 | 95.98 | 97.07 | 97.74 | 95.84 | 1.044 times |
| 16 Wed Oct 2024 | 97.39 | 98.00 | 98.00 | 96.56 | 0.998 times |
| 15 Tue Oct 2024 | 98.72 | 97.99 | 98.92 | 97.73 | 1.072 times |
| 14 Mon Oct 2024 | 98.66 | 98.37 | 99.15 | 97.97 | 0.565 times |
| 11 Fri Oct 2024 | 98.58 | 98.55 | 99.06 | 98.26 | 0.472 times |
| 10 Thu Oct 2024 | 98.42 | 98.25 | 98.95 | 97.91 | 0.478 times |
| 09 Wed Oct 2024 | 98.29 | 98.75 | 99.47 | 97.93 | 1.382 times |
| 08 Tue Oct 2024 | 98.73 | 99.09 | 99.70 | 97.88 | 1.582 times |
| 07 Mon Oct 2024 | 99.43 | 99.50 | 100.67 | 98.91 | 1.428 times |
| 04 Fri Oct 2024 | 99.67 | 98.79 | 99.74 | 98.03 | 1.061 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 96.5, for a target of 97.9 or 99.05
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 95.84 |
| Upside Target | 102.00 |
| Upside Target | 102.03 |
| Upside Target | 104.91 |
| Upside Target | 105.15 |
| Upside Target | 106.06 |
| Upside Target | 114.33 |
| Upside Target | 115.32 |
| Upside Target | 119.18 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 94.83 |
| Downside Intraday Target | 93.68 |
| Upside Intraday Target | 98.14 |
| Upside Intraday Target | 100.3 |
| Upside Intraday Target | 96.99 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Thu Oct 2024 | 95.98 | 98.37 | 99.15 | 95.84 | 0.689 times |
| 11 Fri Oct 2024 | 98.58 | 99.50 | 100.67 | 97.88 | 1.036 times |
| 04 Fri Oct 2024 | 99.67 | 99.67 | 100.99 | 97.58 | 0.894 times |
| 27 Fri Sep 2024 | 99.39 | 99.41 | 102.00 | 98.67 | 0.906 times |
| 20 Fri Sep 2024 | 99.75 | 105.22 | 106.06 | 99.02 | 1.751 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 Thu Oct 2024 | 95.98 | 99.23 | 100.99 | 95.84 | 0.579 times |
| 30 Mon Sep 2024 | 98.71 | 101.99 | 106.06 | 98.58 | 0.763 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 |
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 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.
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 negative zone. This is the SELL 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 98.42 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 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.
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 negative zone. This is the SELL 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 98.42 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.