(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 6122060
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Mon Apr 2024 | 11.76 | 11.42 | 11.81 | 11.38 | 1.242 times |
| 19 Fri Apr 2024 | 11.36 | 11.48 | 11.53 | 11.23 | 0.81 times |
| 18 Thu Apr 2024 | 11.58 | 11.38 | 11.71 | 11.32 | 1.027 times |
| 17 Wed Apr 2024 | 11.27 | 11.19 | 11.35 | 11.12 | 0.995 times |
| 16 Tue Apr 2024 | 11.25 | 11.10 | 11.38 | 10.94 | 1.396 times |
| 15 Mon Apr 2024 | 11.24 | 11.40 | 11.59 | 11.17 | 1.071 times |
| 12 Fri Apr 2024 | 11.37 | 11.66 | 11.73 | 11.36 | 1.095 times |
| 11 Thu Apr 2024 | 11.90 | 11.97 | 12.00 | 11.75 | 0.943 times |
| 10 Wed Apr 2024 | 11.85 | 11.77 | 11.99 | 11.72 | 0.621 times |
| 09 Tue Apr 2024 | 11.84 | 11.63 | 11.97 | 11.63 | 1.439 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 11.7, but if it comes below 11.7, then a intra day sell could be more profitable.
If you take a sell trade below 11.7, then use 11.7 as stoploss and 11.41 as target. However if you take a buy trade in stock , then use 11.7 as stoploss and 12 as target.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 7.93 |
| Downside Target | 8.19 |
| Downside Target | 9.00 |
| Downside Target | 9.58 |
| Downside Target | 10.70 |
| Downside Target | 11.36 |
| Downside Target | 11.60 |
| Downside Target | 11.65 |
| Downside Target | 11.71 |
| Upside Target | 11.80 |
| Upside Target | 11.81 |
| Upside Target | 12.00 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 11.49 |
| Downside Intraday Target | 11.22 |
| Upside Intraday Target | 11.92 |
| Upside Intraday Target | 12.08 |
| Downside Intraday Target | 11.65 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Mon Apr 2024 | 11.76 | 11.42 | 11.81 | 11.38 | 0.235 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 |
| 28 Thu Mar 2024 | 11.19 | 11.10 | 11.60 | 10.81 | 0.433 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 |
| 22 Mon Apr 2024 | 11.76 | 11.26 | 12.00 | 10.94 | 0.479 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 |
| 31 Wed Jan 2024 | 9.40 | 8.82 | 9.58 | 8.19 | 1.421 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 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 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 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 gaining momentum.
MACD generated a SELL signal for Tencent Music in short term but the sell signal is initial and weak.
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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above 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 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 11.54 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 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 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 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 gaining momentum.
MACD generated a SELL signal for Tencent Music in short term but the sell signal is initial and weak.
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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above 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 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 11.54 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.