(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.
10 day averaged volume of Tencent Music is 7473260
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Wed May 2024 | 12.39 | 12.52 | 12.61 | 12.36 | 0.559 times |
| 30 Tue Apr 2024 | 12.55 | 12.73 | 12.82 | 12.48 | 1.004 times |
| 29 Mon Apr 2024 | 12.90 | 12.80 | 12.93 | 12.63 | 0.721 times |
| 26 Fri Apr 2024 | 12.88 | 12.76 | 12.93 | 12.71 | 0.804 times |
| 25 Thu Apr 2024 | 12.68 | 12.33 | 12.70 | 12.24 | 1.111 times |
| 24 Wed Apr 2024 | 12.53 | 12.50 | 12.62 | 12.41 | 1.025 times |
| 23 Tue Apr 2024 | 12.32 | 11.91 | 12.37 | 11.79 | 1.997 times |
| 22 Mon Apr 2024 | 11.76 | 11.42 | 11.81 | 11.38 | 1.018 times |
| 19 Fri Apr 2024 | 11.36 | 11.48 | 11.53 | 11.23 | 0.663 times |
| 18 Thu Apr 2024 | 11.58 | 11.38 | 11.71 | 11.32 | 0.841 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 12.5 as stoploss in an intra day sell trade for a target of 11.91. However, stock will show a bullish move above 12.5.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 8.19 |
| Downside Target | 9.00 |
| Downside Target | 9.58 |
| Downside Target | 10.70 |
| Downside Target | 10.94 |
| Downside Target | 11.36 |
| Downside Target | 11.65 |
| Downside Target | 12.36 |
| Upside Target | 12.61 |
| Upside Target | 12.93 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 12.19 |
| Downside Intraday Target | 11.99 |
| Upside Intraday Target | 12.76 |
| Upside Intraday Target | 13.13 |
| Upside Intraday Target | 12.56 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Wed May 2024 | 12.39 | 12.80 | 12.93 | 12.36 | 0.384 times |
| 26 Fri Apr 2024 | 12.88 | 11.42 | 12.93 | 11.38 | 1.372 times |
| 19 Fri Apr 2024 | 11.36 | 11.40 | 11.71 | 10.94 | 1.127 times |
| 12 Fri Apr 2024 | 11.37 | 11.63 | 12.00 | 11.36 | 1.084 times |
| 05 Fri Apr 2024 | 11.65 | 11.26 | 11.65 | 11.01 | 0.888 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 |
| 01 Wed May 2024 | 12.39 | 12.52 | 12.61 | 12.36 | 0.029 times |
| 30 Tue Apr 2024 | 12.55 | 11.26 | 12.93 | 10.94 | 0.729 times |
| 28 Thu Mar 2024 | 11.19 | 10.54 | 11.80 | 9.15 | 1.31 times |
| 29 Thu Feb 2024 | 10.47 | 9.43 | 10.70 | 9.00 | 0.672 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 but SELL signal is weak.
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 12.31 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 but SELL signal is weak.
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 12.31 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.