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Takip Edin: @UscMarketsFMXUF Stock Forecast & Fomento Económico Mexicano Chart Analysis
This article provides a detailed analysis of FMXUF-Fomento Económico Mexicano stock including a forecast for FMXUF 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.
FMXUF Historical Data Review
FMXUF Current Price Performance Analysis
The Fomento Económico Mexicano - FMXUF stock traded on the American stock market, on 06-05-2024, closed at 10.25$ with no change compared to the previous day.
In the last month, the price of FMXUF changed by %-17.67 decreased in value, from 12.45 dollars on 05-06-2024 to 10.25 dollars, decreased.
Last year, the price of FMXUF was 10.0 dollars on 06-06-2023, and changed by %2.50 increased in value, to 10.25 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.
FMXUF with AI Stock Forecast & Price Target
On the FMXUF chart Fomento Económico Mexicano price was recorded as 10.25 Dollars on 06/05/2024.
The artificial intelligence's forecast on FMXUF stock is as follows.
The artificial intelligence's prediction error margin for FMXUF stock is very 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: 13.5 Dollars.
The commentary on FMXUF stock Target Price: Highest: 14.56 Dollars is predicted.
The commentary on FMXUF stock Target Price: Lowest: 12.592 Dollars is predicted.
Resistance Price where Fomento Económico Mexicano stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 13.080 |
| 08-09-2024 | 13.792 |
| 10-08-2024 | 13.062 |
| 01-21-2025 | 13.967 |
| 03-17-2025 | 14.560 |
Support Price where Fomento Económico Mexicano stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 13.050 |
| 09-13-2024 | 12.592 |
| 11-07-2024 | 12.795 |
| 02-05-2025 | 13.826 |
| 04-11-2025 | 14.379 |
The commentary on FMXUF stock: The target price can generally be said to be on the rise.
The commentary on FMXUF 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 13.812 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on FMXUF stock, and the 2024 target price predictions for Fomento Económico Mexicano are detailed above.
The technical analysis and charts for the commentary on FMXUF stock are below.
FMXUF Support & Resistance and Trend Analysis
FMXUF stock you have reviewed the technical analysis support resistance charts regarding.
FMXUF : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the FMXUF 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:
| FMXUF Support Level Price | FMXUF Resistance Level Price |
|---|---|
| 10.25 | 12.30 |
| 10.30 | 12.75 |
| 10.38 | 13.25 |
| 10.57 | 13.45 |
| 11.00 | 13.80 |
| 13.17 | 14.00 |
| 14.80 |
FMXUF Technical Analysis: SMA, RSI, MACD
Upon reviewing the FMXUF 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 FMXUF stock are as follows:- FMXUF 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 21.739, with the current RSI value at 14.286.
- 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.
You have read the comments, technical analyses, target prices, and financial reports for Fomento Económico Mexicano stock: Click here to read more predictions on Advanced Micro Devices stock.
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