(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 2024-08-09 View latest technical analysis
10 day averaged volume of Tencent Music is 6541660
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 12.96 | 13.48 | 13.52 | 12.82 | 1.604 times |
| 08 Thu Aug 2024 | 13.55 | 13.39 | 13.56 | 13.19 | 0.545 times |
| 07 Wed Aug 2024 | 13.26 | 13.66 | 13.83 | 13.18 | 0.599 times |
| 06 Tue Aug 2024 | 13.34 | 12.89 | 13.59 | 12.82 | 1.171 times |
| 05 Mon Aug 2024 | 12.60 | 11.67 | 12.75 | 11.67 | 0.943 times |
| 02 Fri Aug 2024 | 12.62 | 12.83 | 12.93 | 12.36 | 1.609 times |
| 01 Thu Aug 2024 | 13.29 | 14.20 | 14.20 | 13.17 | 1.345 times |
| 31 Wed Jul 2024 | 14.18 | 14.30 | 14.44 | 14.09 | 0.745 times |
| 30 Tue Jul 2024 | 13.90 | 13.94 | 14.01 | 13.81 | 0.838 times |
| 29 Mon Jul 2024 | 13.99 | 14.21 | 14.33 | 13.93 | 1.199 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 13.2, but if it comes above 13.2, then a intra day buy could be more profitable.
If you take a sell trade below 13.2, then use 13.2 as stoploss and 12.3 as target. However if you take a buy trade in stock , then use 13.2 as stoploss and 14.03 as target.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 10.94 |
| Downside Target | 11.67 |
| Downside Target | 12.36 |
| Downside Target | 12.93 |
| Upside Target | 13.55 |
| Upside Target | 14.44 |
| Upside Target | 15.05 |
| Upside Target | 15.18 |
| Upside Target | 15.28 |
| Upside Target | 15.53 |
| Upside Target | 15.77 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 11.81 |
| Downside Intraday Target | 10.66 |
| Upside Intraday Target | 13.97 |
| Upside Intraday Target | 14.98 |
| Downside Intraday Target | 12.82 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 12.96 | 11.67 | 13.83 | 11.67 | 0.848 times |
| 02 Fri Aug 2024 | 12.62 | 14.21 | 14.44 | 12.36 | 1.092 times |
| 26 Fri Jul 2024 | 14.09 | 14.49 | 15.28 | 13.82 | 1.056 times |
| 19 Fri Jul 2024 | 14.26 | 14.99 | 15.18 | 14.26 | 0.727 times |
| 12 Fri Jul 2024 | 15.13 | 14.38 | 15.53 | 14.07 | 2.581 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 |
| 09 Fri Aug 2024 | 12.96 | 14.20 | 14.20 | 11.67 | 0.313 times |
| 31 Wed Jul 2024 | 14.18 | 14.17 | 15.53 | 13.81 | 1.116 times |
| 28 Fri Jun 2024 | 14.05 | 14.57 | 15.05 | 13.55 | 0.828 times |
| 31 Fri May 2024 | 14.45 | 12.52 | 15.77 | 12.36 | 1.219 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Tencent Music stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Tencent Music in short term and the sell signal is strong.
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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Tencent Music in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 13.28 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 negative.
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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Tencent Music stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Tencent Music in short term and the sell signal is strong.
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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Tencent Music in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 13.28 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.