(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 2024-06-11 View latest technical analysis
10 day averaged volume of Tencent Music is 7649340
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Tue Jun 2024 | 14.35 | 14.34 | 14.64 | 14.26 | 0.839 times |
| 10 Mon Jun 2024 | 14.24 | 14.12 | 14.34 | 14.00 | 0.451 times |
| 07 Fri Jun 2024 | 14.07 | 14.41 | 14.48 | 13.96 | 1.011 times |
| 06 Thu Jun 2024 | 14.55 | 14.52 | 14.70 | 14.48 | 0.686 times |
| 05 Wed Jun 2024 | 14.63 | 14.19 | 14.67 | 14.12 | 1.433 times |
| 04 Tue Jun 2024 | 14.00 | 14.13 | 14.20 | 13.80 | 1.248 times |
| 03 Mon Jun 2024 | 14.00 | 14.57 | 14.77 | 13.55 | 0.988 times |
| 31 Fri May 2024 | 14.45 | 15.00 | 15.01 | 14.07 | 1.444 times |
| 30 Thu May 2024 | 15.17 | 14.80 | 15.22 | 14.60 | 1.082 times |
| 29 Wed May 2024 | 14.80 | 14.72 | 14.83 | 14.56 | 0.771 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 14.3 as stoploss in an intra day buy trade for a target of 14.72. However, stock will show a bearish move below 14.3.
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 | 14.00 |
| Upside Target | 14.64 |
| 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 | 14.02 |
| Downside Intraday Target | 13.69 |
| Upside Intraday Target | 14.66 |
| Upside Intraday Target | 14.97 |
| Downside Intraday Target | 14.33 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Tue Jun 2024 | 14.35 | 14.12 | 14.64 | 14.00 | 0.24 times |
| 07 Fri Jun 2024 | 14.07 | 14.57 | 14.77 | 13.55 | 1.283 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 |
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 |
| 11 Tue Jun 2024 | 14.35 | 14.57 | 14.77 | 13.55 | 0.288 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 down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Tencent Music ( (TME) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 losing 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 getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Tencent Music in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Tencent Music is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 14.43 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Tencent Music ( (TME) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 losing 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 getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Tencent Music in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Tencent Music is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 14.43 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.