Fomento Economico Mexicano Stock Technical Analysis
| FMX Stock | USD 86.64 0.27 0.31% |
As of the 22nd of November, Fomento Economico shows the Variance of 1.38, standard deviation of 1.18, and Mean Deviation of 0.9081. Fomento Economico technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.
Fomento Economico Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Fomento, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FomentoFomento |
Fomento Economico Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 126.33 | Buy | 12 | Odds |
Most Fomento analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Fomento stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Fomento Economico, talking to its executives and customers, or listening to Fomento conference calls.
Fomento Economico technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Fomento Economico Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Fomento Economico volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Fomento Economico Trend Analysis
Use this graph to draw trend lines for Fomento Economico Mexicano. You can use it to identify possible trend reversals for Fomento Economico as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Fomento Economico price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Fomento Economico Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Fomento Economico Mexicano applied against its price change over selected period. The best fit line has a slop of 0.18 , which may imply that the returns on investment in Fomento Economico Mexicano will continue to fail. It has 122 observation points and a regression sum of squares at 1202.07, which is the sum of squared deviations for the predicted Fomento Economico price change compared to its average price change.About Fomento Economico Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Fomento Economico Mexicano on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Fomento Economico Mexicano based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Fomento Economico price pattern first instead of the macroeconomic environment surrounding Fomento Economico. By analyzing Fomento Economico's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Fomento Economico's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Fomento Economico specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.00235 | 0.003218 | 7.88E-4 | 7.49E-4 | Price To Sales Ratio | 10.25 | 8.08 | 22.11 | 23.22 |
Fomento Economico November 22, 2024 Technical Indicators
Most technical analysis of Fomento help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Fomento from various momentum indicators to cycle indicators. When you analyze Fomento charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.21) | |||
| Market Risk Adjusted Performance | (1.02) | |||
| Mean Deviation | 0.9081 | |||
| Coefficient Of Variation | (347.95) | |||
| Standard Deviation | 1.18 | |||
| Variance | 1.38 | |||
| Information Ratio | (0.37) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (1.03) | |||
| Maximum Drawdown | 5.5 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 1.68 | |||
| Skewness | (0.14) | |||
| Kurtosis | (0.01) |
Fomento Economico November 22, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Fomento stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 13,419 | ||
| Daily Balance Of Power | (0.19) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 86.84 | ||
| Day Typical Price | 86.77 | ||
| Price Action Indicator | (0.33) |
Additional Tools for Fomento Stock Analysis
When running Fomento Economico's price analysis, check to measure Fomento Economico's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fomento Economico is operating at the current time. Most of Fomento Economico's value examination focuses on studying past and present price action to predict the probability of Fomento Economico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fomento Economico's price. Additionally, you may evaluate how the addition of Fomento Economico to your portfolios can decrease your overall portfolio volatility.