FOMENTO ECONOMICO MEX-SP ADR (FMX) Stock Technical Analysis
USA - NYSE:FMX - US3444191064 - ADR
94.01 USD
-1.99 (-2.07%)
94.01 USD
0 (0%)
Overall FMX gets a technical rating of 3 out of 10. FMX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month FMX has a been trading in the 90.87 - 98.26 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, FMX outperforms 66% of them, which is more or less in line with the market.
FMX is part of the Beverages industry. There are 33 other stocks in this industry, FMX did better than 53% of them.
FMX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FMX is lagging the market.
Considerably lower volume is observed in the last couple of days.
FMX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
86.01
108.92
We found 3 important support areas.
- Support @93.73 from a trend line in the daily time frame.
- Support @92.13 from a horizontal line in the daily time frame.
- Support @86.88 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 94.37 to 95.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 100.59 to 101.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 107.06 to 107.84. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for FMX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FMX is neutral. |
| ChartMill Relative Strength | 66.29 | NEUTRAL | FMX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FMX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FMX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FMX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.96 | NEUTRAL | The RSI value for FMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FMX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.62 | NEUTRAL | The Stochastics value for FMX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for FMX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.78 | 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)
94.01
-1.99 (-2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-2.07%
1 Week0.73%
2 Weeks-1.66%
1 Month-1.43%
3 Month10.28%
6 Month-9.08%
12 Month4.36%
2 Year-25.91%
3 Year17.7%
5 Year30.3%
10 Year-2.46%
15 Year66.24%
Volatility
ATR(14)2.53
ATR(20)%2.72%
ATR Inc4.46%
Range Today2.98
ADR(20)2.5
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.29
3 months CRS81.73
6 months CRS20.29
Mansfield-1.06
10 Day High98.26
10 Day Low90.87
20 Day High98.26
20 Day Low90.87
52 Week High108.74
52 Week Low81.08
CS1 End93.73
CR1 Start94.37
Volume & EV
DER(3)-2.42%
DER(5)-1.41%
Volume261.80K
Volume Incr-35.94%
Vol(5)269.38K
Vol(50)588.43K
FOMENTO ECONOMICO MEX-SP ADR / FMX FAQ
What is the technical rating for FMX stock?
ChartMill assigns a technical rating of 3 / 10 to FMX.
Can you provide the trend direction for FOMENTO ECONOMICO MEX-SP ADR?
The current trend direction for FOMENTO ECONOMICO MEX-SP ADR (FMX) is Bearish.
What is the RSI signal for FMX stock?
FOMENTO ECONOMICO MEX-SP ADR (FMX) has an RSI value of 47.9594. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FOMENTO ECONOMICO MEX-SP ADR?
The MACD indicator for FOMENTO ECONOMICO MEX-SP ADR (FMX) has a value of 0.00475728, indicating a bearish trend.
Can you provide the short term momentum for FOMENTO ECONOMICO MEX-SP ADR?
The short term momentum for FOMENTO ECONOMICO MEX-SP ADR (FMX) is neutral.