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 0 out of 10 to FMX. FMX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
89% of all other stocks performed better in the past year than FMX.
FMX is one of the lesser performing stocks in the Beverages industry. 74% of 32 stocks in the same industry do better.
FMX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month FMX has a been trading in the 87.58 - 101.81 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of FMX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
87.30
107.47
We can see 3 important resistance areas.
- A resistance zone ranging from 100.59 to 100.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @102.55 from a trend line in the weekly time frame.
- A resistance zone ranging from 106.41 to 106.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for FMX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FMX is down. |
| ChartMill Relative Strength | 11.97 | NEGATIVE | FMX has a low relative strength, it was outperformed by 88.03% off all stocks 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) | DOWN | NEGATIVE | The current price of FMX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FMX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.17 | OVERSOLD | The low RSI value suggests FMX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.77 | NEGATIVE | The MACD value suggests FMX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.21 | OVERSOLD | The low Stochastics value suggests FMX may be oversold. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for FMX suggests some volalility. |
| Average Directional Index/ADX (14) | 36.46 | POSITIVE | The high ADX value value for FMX suggests a strong 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)
88.18
-0.99 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-1.11%
1 Week-1.9%
2 Weeks-9.63%
1 Month-13.94%
3 Month-13.58%
6 Month0.44%
12 Month-21.14%
2 Year-21.63%
3 Year40.62%
5 Year51.17%
10 Year-0.95%
15 Year81.07%
Volatility
ATR(14)2.54
ATR(20)%2.82%
ATR Inc-38.59%
Range Today1.74
ADR(20)2.33
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.97
Mansfield-1.61
10 Day High98.6
10 Day Low87.58
20 Day High101.81
20 Day Low87.58
52 Week High114.33
52 Week Low81.08
CS1 EndN/A
CR1 Start100.59
Volume & EV
DER(3)0.09%
DER(5)1.95%
Volume640.20K
Volume Incr-1.26%
Vol(5)781.78K
Vol(50)646.43K