Question 1

What does the Stochastic Oscillator suggest about FMX's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 2

How did FMX's Momentum indicator behave recently?

Accepted Answer

FMX saw its Momentum Indicator move above the 0 level on August 08, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 75 similar instances where the indicator turned positive. In 46 of the 75 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 3

What does MACD indicator imply for FMX?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for FMX just turned positive on August 13, 2024. Looking at past instances where FMX's MACD turned positive, the stock continued to rise in 26 of 43 cases over the following month. The odds of a continued upward trend are 0%.

Question 4

What is the significance of the 50-day moving average indicator for FMX?

Accepted Answer

FMX moved above its 50-day moving average on August 08, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 5

What is the significance of the 10-day moving average indicator for FMX?

Accepted Answer

The 10-day moving average for FMX crossed bullishly above the 50-day moving average on August 15, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 10 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day price advance indicate for FMX?

Accepted Answer

Following a +0.55% 3-day Advance, the price is estimated to grow further. Considering data from situations where FMX advanced for three days, in 202 of 319 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day decline signify for FMX's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FMX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

FMX Stock Fomento Economico Mexicano SAB DE CV (FMX, $111.41) RSI Indicator left the oversold zone on June 04, 2024

Momentum Indicator for FMX turns positive, indicating new upward trend

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