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Takip Edin: @UscMarketsFMX Stock Forecast & Fomento Económico Mexicano Chart Analysis
This article provides a detailed analysis of FMX-Fomento Económico Mexicano stock including a forecast for FMX shares. It features Fomento Económico Mexicano, S.A.B. de C.V. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
FMX Historical Data Review
FMX Current Price Performance Analysis
The Fomento Económico Mexicano - FMX stock traded on the American stock market, on 06-05-2024, closed at 113.76$ with a %2.11 increased compared to the previous day.
In the last month, the price of FMX changed by %-4.76 decreased in value, from 119.45 dollars on 05-06-2024 to 113.76 dollars, decreased.
Last year, the price of FMX was 103.56 dollars on 06-06-2023, and changed by %9.85 increased in value, to 113.76 dollars increased within a year.
The price of Fomento Económico Mexicano stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
FMX with AI Stock Forecast & Price Target
On the FMX chart Fomento Económico Mexicano price was recorded as 113.76 Dollars on 06/05/2024.
The artificial intelligence's forecast on FMX stock is as follows.
The artificial intelligence's prediction error margin for FMX stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Fomento Económico Mexicano stock over the next 4 months is: 116.2 Dollars.
The commentary on FMX stock Target Price: Highest: 132.712 Dollars is predicted.
The commentary on FMX stock Target Price: Lowest: 107.15 Dollars is predicted.
Resistance Price where Fomento Económico Mexicano stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 122.896 |
| 08-19-2024 | 109.626 |
| 09-03-2024 | 109.747 |
| 10-03-2024 | 111.322 |
| 12-12-2024 | 117.889 |
| 01-31-2025 | 121.701 |
Support Price where Fomento Económico Mexicano stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 108.863 |
| 08-29-2024 | 109.592 |
| 09-13-2024 | 109.610 |
| 10-28-2024 | 107.150 |
| 12-27-2024 | 114.837 |
| 02-25-2025 | 117.366 |
The commentary on FMX stock: The target price can generally be said to be on the rise.
The commentary on FMX stock: Fluctuations in the target price can be expected in the coming days.
The target price for Fomento Económico Mexicano stock by the end of 2024 is predicted to be 114.837 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on FMX stock, and the 2024 target price predictions for Fomento Económico Mexicano are detailed above.
The technical analysis and charts for the commentary on FMX stock are below.
FMX Support & Resistance and Trend Analysis
FMX stock you have reviewed the technical analysis support resistance charts regarding.
FMX : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the FMX review, the Fomento Económico Mexicano support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Fomento Económico Mexicano Support and Resistance Prices:
| FMX Support Level Price | FMX Resistance Level Price |
|---|---|
| 113.62 | 123.09 |
| 116.84 | 128.63 |
| 117.11 | 130.13 |
| 117.61 | 131.56 |
| 120.17 | 133.62 |
| 122.04 | 143.43 |
| 125.60 |
FMX Technical Analysis: SMA, RSI, MACD
Upon reviewing the FMX chart, buy and sell signals have been generated in the Fomento Económico Mexicano technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for FMX stock are as follows:- FMX technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Fomento Económico Mexicano gave a 'Buy' signal when the RSI was at 27.704, with the current RSI value at 34.673.
- The technical analysis for Fomento Económico Mexicano indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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