(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 2024-09-06 View latest technical analysis
10 day averaged volume of Tencent Music is 8111140
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Fri Sep 2024 | 10.18 | 10.27 | 10.49 | 10.13 | 0.543 times |
| 05 Thu Sep 2024 | 10.32 | 10.44 | 10.54 | 10.27 | 0.962 times |
| 04 Wed Sep 2024 | 10.46 | 10.41 | 10.53 | 10.34 | 0.671 times |
| 03 Tue Sep 2024 | 10.35 | 10.28 | 10.50 | 10.25 | 0.795 times |
| 30 Fri Aug 2024 | 10.44 | 10.68 | 10.72 | 10.31 | 1.061 times |
| 30 Fri Aug 2024 | 10.44 | 10.68 | 10.72 | 10.31 | 1.061 times |
| 29 Thu Aug 2024 | 10.47 | 10.43 | 10.58 | 10.36 | 0.772 times |
| 28 Wed Aug 2024 | 10.18 | 10.66 | 10.72 | 10.07 | 1.247 times |
| 27 Tue Aug 2024 | 10.73 | 10.90 | 11.03 | 10.70 | 1.326 times |
| 26 Mon Aug 2024 | 10.70 | 10.15 | 10.83 | 10.12 | 1.237 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 as stoploss in an intra day buy trade for a target of 10.66. However, stock will show a bearish move below 10.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 10.07 |
| Upside Target | 11.03 |
| Upside Target | 12.36 |
| Upside Target | 13.27 |
| Upside Target | 13.55 |
| Upside Target | 13.81 |
| 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 | 10.03 |
| Downside Intraday Target | 9.87 |
| Upside Intraday Target | 10.44 |
| Upside Intraday Target | 10.69 |
| Upside Intraday Target | 10.28 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Fri Sep 2024 | 10.18 | 10.28 | 10.54 | 10.13 | 2.801 times |
| 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Tencent Music (TME)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 06 Fri Sep 2024 | 10.18 | 10.28 | 10.54 | 10.13 | 0.097 times |
| 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 |
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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 SELL signal in short term but selling is losing 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 10.45 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 SELL signal in short term but selling is losing 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 10.45 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.