(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 2024-08-30 View latest technical analysis
10 day averaged volume of Tencent Music is 9691470
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Fri Aug 2024 | 10.44 | 10.68 | 10.72 | 10.31 | 0.888 times |
| 30 Fri Aug 2024 | 10.44 | 10.68 | 10.72 | 10.31 | 0.888 times |
| 29 Thu Aug 2024 | 10.47 | 10.43 | 10.58 | 10.36 | 0.646 times |
| 28 Wed Aug 2024 | 10.18 | 10.66 | 10.72 | 10.07 | 1.044 times |
| 27 Tue Aug 2024 | 10.73 | 10.90 | 11.03 | 10.70 | 1.11 times |
| 26 Mon Aug 2024 | 10.70 | 10.15 | 10.83 | 10.12 | 1.036 times |
| 23 Fri Aug 2024 | 10.24 | 10.27 | 10.29 | 10.13 | 0.725 times |
| 22 Thu Aug 2024 | 10.25 | 10.35 | 10.46 | 10.07 | 1.269 times |
| 21 Wed Aug 2024 | 10.44 | 10.39 | 10.54 | 10.27 | 0.706 times |
| 20 Tue Aug 2024 | 10.38 | 10.49 | 10.54 | 10.21 | 1.435 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 10.1 as stoploss in an intra day buy trade for a target of 11.25. However, stock will show a bearish move below 10.1.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 10.07 |
| Downside Target | 10.31 |
| 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 | 13.81 |
| Upside Target | 13.83 |
| Upside Target | 14.20 |
| 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 | 10.26 |
| Downside Intraday Target | 10.08 |
| Upside Intraday Target | 10.67 |
| Upside Intraday Target | 10.9 |
| Upside Intraday Target | 10.49 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Fri Aug 2024 | 10.44 | 10.68 | 10.72 | 10.31 | 0.188 times |
| 30 Fri Aug 2024 | 10.44 | 10.15 | 11.03 | 10.07 | 0.895 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 |
Price has moved down 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 |
| 30 Fri Aug 2024 | 10.44 | 14.20 | 14.20 | 10.07 | 1.527 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, and volume has increased substantially. This means that the move can 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 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 BUY signal for Tencent Music in short term but the buy signal is initial and weak.
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 coming down
CCI has generated a SELL signal for Tencent Music in short term
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 10.43 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 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 BUY signal for Tencent Music in short term but the buy signal is initial and weak.
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 coming down
CCI has generated a SELL signal for Tencent Music in short term
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 10.43 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.