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(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 2024-10-23 View latest technical analysis

10 day averaged volume of Tencent Music is 6844350

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	11.59	11.80	11.90	11.49	0.705 times
22 Tue Oct 2024	11.80	11.68	11.95	11.49	0.603 times
21 Mon Oct 2024	11.77	11.86	12.00	11.63	0.641 times
18 Fri Oct 2024	11.88	12.00	12.08	11.78	0.637 times
17 Thu Oct 2024	11.64	11.92	11.92	11.55	0.71 times
16 Wed Oct 2024	12.13	12.31	12.38	12.06	0.666 times
15 Tue Oct 2024	12.25	12.35	12.38	12.01	1.28 times
14 Mon Oct 2024	12.70	12.59	13.06	12.53	1.347 times
11 Fri Oct 2024	12.78	12.30	13.39	12.25	1.989 times
10 Thu Oct 2024	12.53	12.31	12.63	12.30	0.717 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.8, but if it comes above 11.8, then a intra day buy could be more profitable.
If you take a sell trade below 11.8, then use 11.8 as stoploss and 11.1 as target. However if you take a buy trade in stock , then use 11.8 as stoploss and 12.47 as target.

Share price targets for Tencent Music (TME)

Target Type	Value
Downside Target	9.41
Downside Target	9.79
Downside Target	10.07
Downside Target	11.49
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	11.39
Downside Intraday Target	11.18
Upside Intraday Target	11.9
Upside Intraday Target	12.2
Upside Intraday Target	11.69

Weekly technical analysis of Tencent Music (TME)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	11.59	11.86	12.00	11.49	0.42 times
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

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
23 Wed Oct 2024	11.59	12.15	14.05	11.49	0.629 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 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 Weak and stock is losing 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 and the buying is gaining 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 12.26 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.