(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 2024-11-05 View latest technical analysis
10 day averaged volume of Tencent Music is 4804890
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Tue Nov 2024 | 11.73 | 11.64 | 11.81 | 11.54 | 1.043 times |
| 04 Mon Nov 2024 | 11.26 | 11.26 | 11.51 | 11.17 | 0.884 times |
| 01 Fri Nov 2024 | 11.12 | 11.25 | 11.30 | 11.05 | 0.819 times |
| 31 Thu Oct 2024 | 11.13 | 11.41 | 11.42 | 11.08 | 1.219 times |
| 30 Wed Oct 2024 | 11.42 | 11.47 | 11.62 | 11.34 | 0.77 times |
| 29 Tue Oct 2024 | 11.56 | 11.90 | 12.03 | 11.54 | 1.111 times |
| 28 Mon Oct 2024 | 11.84 | 11.59 | 12.08 | 11.59 | 1.088 times |
| 25 Fri Oct 2024 | 11.49 | 11.55 | 11.65 | 11.42 | 0.999 times |
| 24 Thu Oct 2024 | 11.43 | 11.46 | 11.51 | 11.24 | 1.247 times |
| 23 Wed Oct 2024 | 11.59 | 11.80 | 11.90 | 11.49 | 1.004 times |
My analysis of stock is bearish for shortterm, and stock might move down till 11.3 or till 10.8. Use a stoploss of 11.82 and if the stock hits stoploss, then it can shoot up till 12.3
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.41 |
| Downside Target | 10.07 |
| Downside Target | 11.05 |
| Downside Target | 11.55 |
| Upside Target | 11.81 |
| Upside Target | 13.06 |
| Upside Target | 13.75 |
| Upside Target | 13.81 |
| Upside Target | 13.83 |
| Upside Target | 14.05 |
| Upside Target | 14.20 |
| Upside Target | 15.53 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 11.33 |
| Downside Intraday Target | 10.93 |
| Upside Intraday Target | 11.97 |
| Upside Intraday Target | 12.21 |
| Downside Intraday Target | 11.57 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Tue Nov 2024 | 11.73 | 11.26 | 11.81 | 11.17 | 0.385 times |
| 01 Fri Nov 2024 | 11.12 | 11.59 | 12.08 | 11.05 | 0.997 times |
| 25 Fri Oct 2024 | 11.49 | 11.86 | 12.00 | 11.24 | 0.76 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 |
Price has moved up 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 |
| 05 Tue Nov 2024 | 11.73 | 11.25 | 11.81 | 11.05 | 0.075 times |
| 31 Thu Oct 2024 | 11.13 | 12.15 | 14.05 | 11.08 | 0.763 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 |
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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 and the sell signal is strong.
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 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 and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 11.46 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 and the sell signal is strong.
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 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 and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 11.46 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.