FOMENTO ECONOMICO MEX-SP ADR (FMX) Stock Technical Analysis
USA - NYSE:FMX - US3444191064 - ADR
98.31 USD
+1.31 (+1.35%)
98.31 USD
0 (0%)
Overall FMX gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. FMX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, FMX is a bad performer in the overall market: 74% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
FMX is part of the Beverages industry. There are 33 other stocks in this industry. FMX outperforms 75% of them.
In the last month FMX has a been trading in the 83.33 - 98.88 range, which is quite wide. It is currently trading near the high of this range.
FMX has an average volume of 1026450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of FMX is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
82.83
108.92
When analyzing the support we notice one important area.
- A support zone ranging from 83.67 to 86.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 99.04 to 100.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @103.51 from a trend line in the weekly time frame.
- A resistance zone ranging from 106.41 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 | UP | POSITIVE | The short term trend for FMX is up. |
| ChartMill Relative Strength | 26.41 | NEGATIVE | FMX has a low relative strength, it was outperformed by 73.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FMX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FMX is above a declining 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) | 69.34 | NEUTRAL | The RSI value for FMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.3 | POSITIVE | The MACD value suggests FMX has a positive trend. |
| Stochastics (14,3) | 95.12 | OVERBOUGHT | The high Stochastics value suggests FMX may be overbought. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for FMX suggests some volalility. |
| Average Directional Index/ADX (14) | 33.8 | 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)
98.31
+1.31 (+1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg1.35%
1 Week7.65%
2 Weeks12.96%
1 Month11.58%
3 Month-3.61%
6 Month-1.82%
12 Month-1.09%
2 Year-9.93%
3 Year56.67%
5 Year74.96%
10 Year10.15%
15 Year93.79%
Volatility
ATR(14)2.45
ATR(20)%2.35%
ATR Inc-22.69%
Range Today1.97
ADR(20)2.29
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.41
Mansfield-0.72
10 Day High98.88
10 Day Low86.27
20 Day High98.88
20 Day Low83.33
52 Week High108.74
52 Week Low81.08
CS1 End86
CR1 Start99.04
Volume & EV
DER(3)1.73%
DER(5)0.5%
Volume677.02K
Volume Incr13.69%
Vol(5)1.11M
Vol(50)1.03M