(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 2024-11-15 View latest technical analysis
10 day averaged volume of Tencent Music is 7806930
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Fri Nov 2024 | 11.07 | 10.88 | 11.25 | 10.88 | 1.171 times |
| 14 Thu Nov 2024 | 10.81 | 10.32 | 10.82 | 10.11 | 1.691 times |
| 13 Wed Nov 2024 | 10.67 | 10.92 | 10.99 | 10.37 | 1.098 times |
| 12 Tue Nov 2024 | 10.92 | 10.78 | 11.10 | 10.36 | 1.748 times |
| 11 Mon Nov 2024 | 11.55 | 11.67 | 11.77 | 11.51 | 1.076 times |
| 08 Fri Nov 2024 | 11.39 | 11.39 | 11.60 | 11.21 | 1.038 times |
| 07 Thu Nov 2024 | 11.78 | 11.98 | 12.11 | 11.61 | 0.839 times |
| 06 Wed Nov 2024 | 11.62 | 11.28 | 11.62 | 11.28 | 0.819 times |
| 05 Tue Nov 2024 | 11.73 | 11.64 | 11.81 | 11.54 | 0.642 times |
| 04 Mon Nov 2024 | 11.26 | 11.26 | 11.51 | 11.17 | 0.544 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.1, but if it comes above 11.1, then a intra day buy could be more profitable.
If you take a sell trade below 11.1, then use 11.1 as stoploss and 10.7 as target. However if you take a buy trade in stock , then use 11.1 as stoploss and 11.4 as target.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.41 |
| Downside Target | 10.07 |
| Downside Target | 11.05 |
| Upside Target | 11.55 |
| Upside Target | 12.11 |
| Upside Target | 13.06 |
| 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 | 10.2 |
| Downside Intraday Target | 9.32 |
| Upside Intraday Target | 11.86 |
| Upside Intraday Target | 12.64 |
| Downside Intraday Target | 10.98 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Fri Nov 2024 | 11.07 | 11.67 | 11.77 | 10.11 | 1.748 times |
| 08 Fri Nov 2024 | 11.39 | 11.26 | 12.11 | 11.17 | 1.26 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 |
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 |
| 15 Fri Nov 2024 | 11.07 | 11.25 | 12.11 | 10.11 | 0.493 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 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 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 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 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 neutral. A longer time frame might give a better analysis.
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 and the sell signal is strong.
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 red color and prices are in or above the red 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 negative zone. This is the SELL 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 11.19 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 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 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 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 neutral. A longer time frame might give a better analysis.
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 and the sell signal is strong.
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 red color and prices are in or above the red 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 negative zone. This is the SELL 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 11.19 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.