FOMENTO ECONOMICO MEX-SP ADR (FMX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FMX - US3444191064 - ADR
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.
Although the technical rating is bad, FMX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
86.14
When analyzing the support we can see 3 important areas.
- A support zone ranging from 94.62 to 94.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @92.13 from a horizontal line in the daily time frame.
- Support @87.01 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 94.91 to 100.59. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 75.26 | POSITIVE | FMX has a high relative strength, it outperformed 75.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FMX is above 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) | 51.04 | NEUTRAL | The RSI value for FMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests FMX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.77 | NEUTRAL | The Stochastics value for FMX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for FMX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.03 | NEGATIVE | The low ADX value for FMX suggests a weak or negative trend. |
94.83
+0.8 (+0.85%)
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 51.0376. 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 -0.0793715, 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.