Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
New York Stock Exchange, Inc. / Consumer Staples / Beverages
Overall FMX gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FMX is only an average performer.
FMX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 103.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 97.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FMX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
91.58
2 important support areas can be observed.
- A support zone ranging from 96.81 to 97.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @92.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 103.76 to 106.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 106.42 | 98.12 | 8.30 (7.80%) | 12.82% |
| An entry @106.42. This is a Buy Stop order right above the resistance zone. | An exit @98.12. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.30 points, which is 7.80%. | When investing 12.82% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.