FOMENTO ECONOMICO MEX-SP ADR (FMX) Stock Technical Analysis
NYSE:FMX - New York Stock Exchange, Inc. - US3444191064 - ADR - Currency: USD
We assign a technical rating of 7 out of 10 to FMX. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month FMX has a been trading in the 101.66 - 108.74 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, FMX outperforms 54% of them, which is more or less in line with the market.
FMX is an average performer in the Beverages industry, it outperforms 59% of 33 stocks in the same industry.
FMX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FMX is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
FMX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 106.18. Right above this resistance zone may be a good entry point.
More info and screens
91.58
108.92
3 important support areas can be observed.
- A support zone ranging from 99.72 to 100.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @96.81 from a horizontal line in the weekly time frame.
- 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 106.18 to 107.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FMX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FMX is neutral. |
| ChartMill Relative Strength | 54 | NEUTRAL | FMX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FMX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FMX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.28 | NEUTRAL | The RSI value for FMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests FMX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.71 | NEUTRAL | The Stochastics value for FMX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for FMX suggests low volalility. |
| Average Directional Index/ADX (14) | 8.81 | NEGATIVE | The low ADX value for FMX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 107.85 | 104.20 | 3.65 (3.38%) | 25.00% |
| An entry @107.85. This is a Buy Stop order right above the resistance zone. | An exit @104.20. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.65 points, which is 3.38%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- 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.
105.93
+0.15 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg0.14%
1 Week-1.06%
2 Weeks-0.56%
1 Month3.4%
3 Month6.98%
6 Month19.45%
12 Month-0.29%
2 Year-4.43%
3 Year56.96%
5 Year70.83%
10 Year18.9%
15 Year145.49%
Volatility
ATR(14)1.79
ATR(20)%1.75%
ATR Inc-12.24%
Range Today1.73
ADR(20)1.78
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54
Mansfield0.25
10 Day High107.55
10 Day Low104.21
20 Day High108.74
20 Day Low101.66
52 Week High119.18
52 Week Low81.08
CS1 End100.91
CR1 Start106.18
Volume & EV
DER(3)0.31%
DER(5)-1.11%
Volume398.40K
Volume Incr-23.38%
Vol(5)408.30K
Vol(50)642.31K