FOMENTO ECONOMICO MEX-SP ADR (FMX) 77.01 +0.63 (+0.82%)
77.01 +0.63 (+0.82%)
US3444191064 - ADR - After market: 77.01 0 (0%)
Technical Rating
Overall FMX gets a technical rating of 8 out of 10. Although FMX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Statistics
Support/Resistance Analysis
58.49
- A support zone ranging from 76.38 to 77.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @64.57 from a trend line in the weekly time frame.
- Support @59.08 from a horizontal line in the daily time frame.
- A resistance zone ranging from 78.13 to 80.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @88.52 from a horizontal line in the weekly time frame.
Setup Analysis
Setup Rating
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.
Possible Trading Setup
The following trade can be suggested based on the decent technical rating and setup score.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 78.52 | 76.37 | 2.15 (2.74%) | 25.00% |
| An entry @78.52. This is a Buy Stop order right above the 10 day moving average. | An exit @76.37. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.15 points, which is 2.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- The distance between exit and entry is rather small compared to the average daily movement of FMX. Please evaluate whether better entry and exit points can be found.
- 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.
FOMENTO ECONOMICO MEX-SP ADR77.01
NYSE:FMX (12/7/2022, 7:04:00 PM)+0.63 (+0.82%)
| GICS Sector | Consumer Staples | ||
| GICS Industry | Beverages | ||
| Today | 0.82% | 1 Week | -3.58% |
| 2 Weeks | -2.51% | 1 Month | 1.91% |
| 3 Month | 16.1% | 6 Month | 8.66% |
| ATR(14) | 1.63 | ATR(20)% | 2.14% |
| ATR Inc | -24.93% | Range Today | 0.94 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 91.62 | Mansfield | 1.18 |
| 10 Day High | 80.53 | 10 Day Low | 75.91 |
| 20 Day High | 80.53 | 20 Day Low | 74.53 |
| 52 Week High | 84.33 | 52 Week Low | 58.73 |
| CS1 End | 77 | CR1 Start | 78.13 |
| DER(3) | -0.96% | DER(5) | -1.04% |
| Volume | 341.20K | Volume Incr | 8.52% |
| Vol(5) | 628.25K | Vol(50) | 666.51K |
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