(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 2024-08-27 View latest technical analysis
10 day averaged volume of Tencent Music is 14183700
| Date | Daily Closing Price | Open | High | Low | Volume |
| 27 Tue Aug 2024 | 10.73 | 10.90 | 11.03 | 10.70 | 0.759 times |
| 26 Mon Aug 2024 | 10.70 | 10.15 | 10.83 | 10.12 | 0.708 times |
| 23 Fri Aug 2024 | 10.24 | 10.27 | 10.29 | 10.13 | 0.495 times |
| 22 Thu Aug 2024 | 10.25 | 10.35 | 10.46 | 10.07 | 0.867 times |
| 21 Wed Aug 2024 | 10.44 | 10.39 | 10.54 | 10.27 | 0.482 times |
| 20 Tue Aug 2024 | 10.38 | 10.49 | 10.54 | 10.21 | 0.98 times |
| 19 Mon Aug 2024 | 10.64 | 10.62 | 10.68 | 10.49 | 0.78 times |
| 16 Fri Aug 2024 | 10.53 | 10.92 | 10.94 | 10.48 | 0.75 times |
| 15 Thu Aug 2024 | 10.97 | 11.13 | 11.27 | 10.87 | 0.795 times |
| 14 Wed Aug 2024 | 11.13 | 11.18 | 11.33 | 11.08 | 1.213 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 10.5 as stoploss in an intra day buy trade for a target of 11.8. However, stock will show a bearish move below 10.5.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 10.07 |
| Downside Target | 10.48 |
| Upside Target | 10.94 |
| Upside Target | 11.67 |
| Upside Target | 12.36 |
| Upside Target | 12.93 |
| Upside Target | 13.27 |
| Upside Target | 13.55 |
| Upside Target | 13.83 |
| Upside Target | 14.20 |
| Upside Target | 14.44 |
| Upside Target | 15.05 |
| Upside Target | 15.53 |
| Upside Target | 15.77 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 10.22 |
| Downside Intraday Target | 9.72 |
| Upside Intraday Target | 11.13 |
| Upside Intraday Target | 11.54 |
| Downside Intraday Target | 10.63 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 27 Tue Aug 2024 | 10.73 | 10.15 | 11.03 | 10.12 | 0.407 times |
| 23 Fri Aug 2024 | 10.24 | 10.62 | 10.68 | 10.07 | 0.55 times |
| 16 Fri Aug 2024 | 10.53 | 12.90 | 13.27 | 10.48 | 2.922 times |
| 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 |
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 |
| 27 Tue Aug 2024 | 10.73 | 14.20 | 14.20 | 10.07 | 1.321 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 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 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 losing momentum.
MACD generated a SELL signal for Tencent Music in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Tencent Music in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 10.64 and Tencent Music (TME) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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 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 losing momentum.
MACD generated a SELL signal for Tencent Music in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Tencent Music in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 10.64 and Tencent Music (TME) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.