(TME) Tencent Music complete technical analysis [charts+indicators] | Buy/Sell Tencent Music | (TME) share price targets
Complete technical analysis of Tencent Music (TME) by charts plus indicators, forecast predictions and share price targets for Tencent Music (TME)
Tencent Music trades in USA in Consumer Services sector.
Showing technical analysis as on 2024-06-06 View latest technical analysis
10 day averaged volume of Tencent Music is 8035050
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Thu Jun 2024 | 14.55 | 14.52 | 14.70 | 14.48 | 0.653 times |
| 05 Wed Jun 2024 | 14.63 | 14.19 | 14.67 | 14.12 | 1.364 times |
| 04 Tue Jun 2024 | 14.00 | 14.13 | 14.20 | 13.80 | 1.188 times |
| 03 Mon Jun 2024 | 14.00 | 14.57 | 14.77 | 13.55 | 0.94 times |
| 31 Fri May 2024 | 14.45 | 15.00 | 15.01 | 14.07 | 1.375 times |
| 30 Thu May 2024 | 15.17 | 14.80 | 15.22 | 14.60 | 1.03 times |
| 29 Wed May 2024 | 14.80 | 14.72 | 14.83 | 14.56 | 0.734 times |
| 28 Tue May 2024 | 14.89 | 14.98 | 15.28 | 14.75 | 0.844 times |
| 24 Fri May 2024 | 14.80 | 14.41 | 14.83 | 14.39 | 0.802 times |
| 23 Thu May 2024 | 14.50 | 14.55 | 14.70 | 14.31 | 1 times |
My analysis of stock is bearish for shortterm, and stock might move down till 14.1 or till 13.4. Use a stoploss of 14.66 and if the stock hits stoploss, then it can shoot up till 15.25
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.00 |
| Downside Target | 10.70 |
| Downside Target | 10.94 |
| Downside Target | 11.80 |
| Downside Target | 12.36 |
| Downside Target | 12.93 |
| Downside Target | 13.55 |
| Downside Target | 14.07 |
| Upside Target | 14.77 |
| Upside Target | 15.28 |
| Upside Target | 15.46 |
| Upside Target | 15.77 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 13.81 |
| Downside Intraday Target | 13.07 |
| Upside Intraday Target | 15.03 |
| Upside Intraday Target | 15.51 |
| Downside Intraday Target | 14.29 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Thu Jun 2024 | 14.55 | 14.57 | 14.77 | 13.55 | 1.041 times |
| 31 Fri May 2024 | 14.45 | 14.98 | 15.28 | 14.07 | 0.886 times |
| 24 Fri May 2024 | 14.80 | 15.10 | 15.46 | 14.31 | 0.662 times |
| 17 Fri May 2024 | 15.42 | 13.78 | 15.77 | 13.69 | 1.533 times |
| 10 Fri May 2024 | 13.34 | 13.49 | 13.66 | 12.96 | 1.121 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Tencent Music (TME)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 06 Thu Jun 2024 | 14.55 | 14.57 | 14.77 | 13.55 | 0.188 times |
| 31 Fri May 2024 | 14.45 | 12.52 | 15.77 | 12.36 | 1.219 times |
| 30 Tue Apr 2024 | 12.55 | 11.26 | 12.93 | 10.94 | 0.729 times |
| 28 Thu Mar 2024 | 11.19 | 10.54 | 11.80 | 9.15 | 1.31 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Tencent Music (TME)
Price action analysis of Tencent Music ( (TME) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Tencent Music ( (TME) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Tencent Music ( (TME) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Tencent Music ( (TME) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Tencent Music stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Tencent Music in short term but the sell signal is initial and weak.
Tencent Music Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a buy signal for Tencent Music in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Tencent Music is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 14.56 and Tencent Music (TME) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Tencent Music (TME) stock. Volume based technical analysis of Tencent Music (TME) stock is negative.
Tencent Music Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Tencent Music ( (TME) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Tencent Music ( (TME) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Tencent Music ( (TME) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Tencent Music ( (TME) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Tencent Music stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Tencent Music in short term but the sell signal is initial and weak.
Tencent Music Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a buy signal for Tencent Music in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Tencent Music is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 14.56 and Tencent Music (TME) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Tencent Music (TME) stock. Volume based technical analysis of Tencent Music (TME) stock is negative.
Tencent Music Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.