RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FMX
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Evaluation of Fomento Economico Mexicano SAB de CV stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 26, 2024 Loss -0.21% PDF

The Fomento Economico Mexicano SAB de CV stock price gained 0.0154% on the last trading day (Thursday, 28th Mar 2024), rising from $130.25 to $130.27. During the last trading day the stock fluctuated 1.02% from a day low at $129.78 to a day high of $131.10. The price has been going up and down for this period, and there has been a 3.98% gain for the last 2 weeks. Volume fell on the last day by -42 thousand shares and in total, 327 thousand shares were bought and sold for approximately $42.66 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.65% during the next 3 months and, with a 90% probability hold a price between $110.46 and $132.37 at the end of this 3-month period.

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FMX Signals & Forecast

The Fomento Economico Mexicano SAB de CV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $129.79 and $128.76. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.214%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Fomento Economico Mexicano SAB de CV stock

Fomento Economico Mexicano SAB de CV finds support from accumulated volume at $127.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.32 between high and low, or 1.02%. For the last week, the stock has had daily average volatility of 1.36%.

Our recommended stop-loss: $126.29 (-3.06%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (FMX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Fomento Economico Mexicano SAB de CV to open at $130.38, and during the day (based on 14 day Average True Range), to move between $127.51 and $133.03, which gives a possible trading interval of +/-$2.76 (+/-2.12%) up or down from last closing price. If Fomento Economico Mexicano SAB de CV takes out the full calculated possible swing range there will be an estimated 4.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $132.52 (1.73%) than the support at $127.98 (1.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Fomento Economico Mexicano SAB de CV stock A Buy?

Fomento Economico Mexicano SAB de CV holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.123 Hold/Accumulate Downgraded

Predicted Opening Price for Fomento Economico Mexicano SAB de CV of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$130.38 ( 0.0870%) $130.27

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FMX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 131.70 1.10 %
R2 131.20 0.713 %
R1 130.89 0.474 %
Current price: 130.27
Support S1 129.88 -0.300 %
S2 129.57 -0.539 %
S3 129.06 -0.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 135.54 4.05 %
R2 133.40 2.40 %
R1 132.52 1.73 %
Current price 130.27
Support S1 127.98 -1.76%
S2 127.92 -1.80%
S3 118.83 -8.78%

FMX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 06, 2023 Nov 03, 2023 Nov 07, 2023 $1.00 0.83%
2 Apr 18, 2023 May 04, 2023 May 18, 2023 $1.01 1.01%
3 Oct 21, 2022 Nov 03, 2022 May 18, 2023 $0.85 0.84%
4 Apr 21, 2022 May 03, 2022 May 16, 2022 $0.85 1.11%
5 Oct 20, 2021 Nov 03, 2021 Nov 15, 2021 $0.568 0.710%

FAQ

What is the symbol for Fomento Economico Mexicano SAB de CV Stock and on which exchange is it traded?
The symbol for Fomento Economico Mexicano SAB de CV is FMX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Fomento Economico Mexicano SAB de CV Stock?
Fomento Economico Mexicano SAB de CV holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Fomento Economico Mexicano SAB de CV Stock?
Fomento Economico Mexicano SAB de CV Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Fomento Economico Mexicano SAB de CV Stock.

What's the current price of Fomento Economico Mexicano SAB de CV Stock?
As of the end of day on the 2024-03-28, the price of an Fomento Economico Mexicano SAB de CV (FMX) share was $130.27.

What is the 52-week high and low for Fomento Economico Mexicano SAB de CV Stock?
The 52-week high for Fomento Economico Mexicano SAB de CV Stock is $143.43 and the 52-week low is $92.43.

What is the market capitalization of Fomento Economico Mexicano SAB de CV Stock?
As of the 2024-03-28, the market capitalization of Fomento Economico Mexicano SAB de CV is 27.988B.

When is the next earnings date for Fomento Economico Mexicano SAB de CV?
The upcoming earnings date for Fomento Economico Mexicano SAB de CV is Apr 26, 2024.
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About Fomento Economico Mexicano SAB de CV

Fomento Economico Mexicano SAB de CV Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for... FMX Profile

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