FMX Should I Buy

FMX is not a good buy right now for a beginner, long-term investor who wants to enter immediately. The stock is technically stretched (RSI overbought) and trading near resistance, while the latest quarter showed strong revenue growth but sharply weaker profits. With a key analyst recently cutting the target below the current price and no proprietary buy signals today, the risk/reward for buying at this exact level is unattractive.

Price: 108.37 (closed), up +0.46% vs prior close. Trend/structure: - Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), indicating an established uptrend. - MACD histogram is positive and expanding (0.479), supporting bullish momentum. - RSI_6 = 82.08 (overbought), suggesting the move is extended and near-term pullback risk is elevated. Levels: - Pivot: 104.48 (important near-term reference). - Resistance: R1 107.98 (already reclaimed), next R2 110.15. - Support: S1 100.98, then S2 98.81. Pattern-based forward view (from similar candlestick setups): - Next day: +1.5% (40% likelihood) - Next week: -1.89% - Next month: +6.36% **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.