FOMENTO ECONOMICO MEX-SP ADR (FMX) Technical Analysis
NYSE:FMX • US3444191064
Current stock price
FMX Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to FMX. FMX has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month FMX has a been trading in the 104.08 - 114.62 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the performance of all stocks over the past year, FMX turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
- FMX is an average performer in the Beverages industry, it outperforms 66% of 34 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.
FMX Weekly and Daily overview Charts
FMX Setup Rating and Analysis
Although the technical rating is only medium, FMX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 106.07, a Stop Loss order could be placed below this zone.
More info and screens
FMX Support and Resistance Analysis
88.25
2 important support areas can be observed.
- A support zone ranging from 105.40 to 106.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @89.14 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 106.67 to 109.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 114.39 to 114.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @117.50 from a horizontal line in the weekly time frame.
FMX Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for FMX is down. |
| ChartMill Relative Strength | 66.63 | 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) | DOWN | MIXED | The current price of FMX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.68 | NEUTRAL | The RSI value for FMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests FMX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.5 | OVERSOLD | The low Stochastics value suggests FMX may be oversold. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for FMX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.84 | NEUTRAL | The ADX value for FMX suggests a possible start of a new trend. |
FMX Chart- and CandleStick Pattern Analysis
FMX Technicals: Chart, Performance Metrics, Trend & Indicators
106.08
+0.68 (+0.65%)
FOMENTO ECONOMICO MEX-SP ADR / FMX TA FAQ
What is the technical rating for FMX stock?
ChartMill assigns a technical rating of 4 / 10 to FMX.
What is the current trend direction of FOMENTO ECONOMICO MEX-SP ADR (FMX) stock?
The current trend direction for FOMENTO ECONOMICO MEX-SP ADR (FMX) is Bullish.
What is the RSI signal for FMX stock?
FOMENTO ECONOMICO MEX-SP ADR (FMX) has an RSI value of 40.6809. 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 -0.694509, indicating a bearish trend.
What are the support and resistance levels for FOMENTO ECONOMICO MEX-SP ADR (FMX) stock?
FOMENTO ECONOMICO MEX-SP ADR (FMX) has a support level at 106.07 and a resistance level at 106.67. Check the full technical report for our detailed analysis of FMX support and resistance levels.