(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 2024-10-08 View latest technical analysis
10 day averaged volume of Tencent Music is 17567010
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Tue Oct 2024 | 12.63 | 12.12 | 12.63 | 12.12 | 0.605 times |
| 07 Mon Oct 2024 | 13.34 | 13.57 | 13.75 | 13.07 | 0.582 times |
| 04 Fri Oct 2024 | 13.48 | 13.92 | 14.01 | 13.29 | 0.518 times |
| 03 Thu Oct 2024 | 13.51 | 12.93 | 13.71 | 12.90 | 0.807 times |
| 02 Wed Oct 2024 | 13.73 | 13.78 | 14.05 | 13.35 | 1.053 times |
| 01 Tue Oct 2024 | 12.75 | 12.15 | 12.80 | 12.07 | 0.57 times |
| 30 Mon Sep 2024 | 12.05 | 12.71 | 12.84 | 11.91 | 0.959 times |
| 27 Fri Sep 2024 | 12.28 | 12.64 | 12.99 | 12.23 | 0.956 times |
| 26 Thu Sep 2024 | 12.27 | 12.58 | 13.83 | 12.01 | 1.663 times |
| 25 Wed Sep 2024 | 11.28 | 11.37 | 11.59 | 11.27 | 1.156 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 12.9 as stoploss in an intra day sell trade for a target of 11.33. However, stock will show a bullish move above 12.9.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.41 |
| Downside Target | 9.79 |
| Downside Target | 10.07 |
| Downside Target | 10.31 |
| Downside Target | 11.91 |
| Upside Target | 13.55 |
| Upside Target | 13.83 |
| Upside Target | 14.05 |
| Upside Target | 14.20 |
| Upside Target | 15.05 |
| Upside Target | 15.53 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 11.92 |
| Downside Intraday Target | 11.2 |
| Upside Intraday Target | 13.55 |
| Upside Intraday Target | 14.46 |
| Upside Intraday Target | 12.83 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Tue Oct 2024 | 12.63 | 13.57 | 13.75 | 12.12 | 0.304 times |
| 04 Fri Oct 2024 | 13.48 | 12.71 | 14.05 | 11.91 | 0.653 times |
| 27 Fri Sep 2024 | 12.28 | 9.96 | 13.83 | 9.79 | 2.696 times |
| 20 Fri Sep 2024 | 9.86 | 9.59 | 10.09 | 9.41 | 0.833 times |
| 13 Fri Sep 2024 | 9.51 | 10.13 | 10.31 | 9.43 | 1.942 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 |
| 08 Tue Oct 2024 | 12.63 | 12.15 | 14.05 | 12.07 | 0.313 times |
| 30 Mon Sep 2024 | 12.05 | 10.28 | 13.83 | 9.41 | 0.929 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 |
Scroll below to view daily charts
Price has moved up 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 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 to mid 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 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 BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Tencent Music in short term and the buy signal is strong.
Tencent Music Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green 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 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 12.6 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 rising upwards.
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 is giving positive 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 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 to mid 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 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 BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Tencent Music in short term and the buy signal is strong.
Tencent Music Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green 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 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 12.6 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 rising upwards.
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 is giving positive 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.