(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 2024-10-18 View latest technical analysis
10 day averaged volume of Tencent Music is 8550090
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Fri Oct 2024 | 11.88 | 12.00 | 12.08 | 11.78 | 0.51 times |
| 17 Thu Oct 2024 | 11.64 | 11.92 | 11.92 | 11.55 | 0.568 times |
| 16 Wed Oct 2024 | 12.13 | 12.31 | 12.38 | 12.06 | 0.533 times |
| 15 Tue Oct 2024 | 12.25 | 12.35 | 12.38 | 12.01 | 1.024 times |
| 14 Mon Oct 2024 | 12.70 | 12.59 | 13.06 | 12.53 | 1.078 times |
| 11 Fri Oct 2024 | 12.78 | 12.30 | 13.39 | 12.25 | 1.592 times |
| 10 Thu Oct 2024 | 12.53 | 12.31 | 12.63 | 12.30 | 0.574 times |
| 09 Wed Oct 2024 | 12.36 | 11.99 | 12.42 | 11.99 | 1.13 times |
| 08 Tue Oct 2024 | 12.63 | 12.12 | 12.63 | 12.12 | 1.242 times |
| 07 Mon Oct 2024 | 13.34 | 13.57 | 13.75 | 13.07 | 1.195 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 11.6 as stoploss in an intra day buy trade for a target of 12.38. However, stock will show a bearish move below 11.6.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.41 |
| Downside Target | 9.79 |
| Downside Target | 10.07 |
| Downside Target | 11.55 |
| Upside Target | 11.91 |
| Upside Target | 13.06 |
| 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 | 11.27 |
| Downside Intraday Target | 10.65 |
| Upside Intraday Target | 12.78 |
| Upside Intraday Target | 13.67 |
| Upside Intraday Target | 12.16 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Fri Oct 2024 | 11.88 | 12.59 | 13.06 | 11.55 | 0.648 times |
| 11 Fri Oct 2024 | 12.78 | 13.57 | 13.75 | 11.99 | 0.714 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 |
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 |
| 18 Fri Oct 2024 | 11.88 | 12.15 | 14.05 | 11.55 | 0.572 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 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 BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Tencent Music in short term but the sell signal is initial and weak.
Tencent Music Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Tencent Music in short term but BUY signal is weak.
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 12.55 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Tencent Music in short term but the sell signal is initial and weak.
Tencent Music Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Tencent Music in short term but BUY signal is weak.
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 12.55 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.