(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 2024-04-11 View latest technical analysis
10 day averaged volume of Fomento Economico is 518640
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Thu Apr 2024 | 125.33 | 126.63 | 127.15 | 124.36 | 1.036 times |
| 10 Wed Apr 2024 | 125.74 | 127.62 | 127.94 | 125.29 | 1.292 times |
| 09 Tue Apr 2024 | 128.82 | 129.14 | 130.00 | 128.33 | 0.736 times |
| 08 Mon Apr 2024 | 128.71 | 128.90 | 129.10 | 128.31 | 1.359 times |
| 05 Fri Apr 2024 | 128.47 | 128.11 | 129.58 | 127.18 | 0.599 times |
| 04 Thu Apr 2024 | 128.39 | 125.67 | 129.29 | 125.48 | 0.957 times |
| 03 Wed Apr 2024 | 125.19 | 128.46 | 128.64 | 124.62 | 1.601 times |
| 02 Tue Apr 2024 | 128.32 | 128.40 | 129.59 | 128.07 | 1.24 times |
| 01 Mon Apr 2024 | 129.65 | 130.72 | 131.11 | 128.96 | 0.871 times |
| 28 Thu Mar 2024 | 130.27 | 130.64 | 131.10 | 129.77 | 0.631 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 126.4, but if it comes above 126.4, then a intra day buy could be more profitable.
If you take a sell trade below 126.4, then use 126.4 as stoploss and 124.3 as target. However if you take a buy trade in stock , then use 126.4 as stoploss and 128.2 as target.
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 116.84 |
| Downside Target | 120.17 |
| Downside Target | 124.36 |
| Upside Target | 128.64 |
| Upside Target | 131.11 |
| Upside Target | 131.45 |
| Upside Target | 131.56 |
| Upside Target | 133.62 |
| Upside Target | 138.47 |
| Upside Target | 143.43 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 123.13 |
| Downside Intraday Target | 120.92 |
| Upside Intraday Target | 128.77 |
| Upside Intraday Target | 132.2 |
| Upside Intraday Target | 126.56 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Thu Apr 2024 | 125.33 | 128.90 | 130.00 | 124.36 | 0.839 times |
| 05 Fri Apr 2024 | 128.47 | 130.72 | 131.11 | 124.62 | 1.46 times |
| 28 Thu Mar 2024 | 130.27 | 129.94 | 131.56 | 128.64 | 0.326 times |
| 22 Fri Mar 2024 | 129.53 | 128.40 | 131.45 | 125.32 | 1.393 times |
| 15 Fri Mar 2024 | 127.98 | 121.24 | 130.13 | 120.96 | 1.229 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 Thu Apr 2024 | 125.33 | 130.72 | 131.11 | 124.36 | 0.324 times |
| 28 Thu Mar 2024 | 130.27 | 124.39 | 131.56 | 120.17 | 1.012 times |
| 29 Thu Feb 2024 | 124.24 | 135.96 | 143.43 | 116.84 | 1.449 times |
| 31 Wed Jan 2024 | 135.54 | 129.53 | 138.47 | 125.60 | 1.461 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 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 short to mid 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 127.55 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 positive
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 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 short to mid 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 127.55 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.