(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 2024-03-05 View latest technical analysis
10 day averaged volume of Tencent Music is 7178330
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Tue Mar 2024 | 9.46 | 9.90 | 9.95 | 9.15 | 2.225 times |
| 04 Mon Mar 2024 | 10.08 | 10.35 | 10.44 | 9.99 | 1.01 times |
| 01 Fri Mar 2024 | 10.39 | 10.54 | 10.72 | 10.39 | 0.693 times |
| 29 Thu Feb 2024 | 10.47 | 10.38 | 10.68 | 10.33 | 1.722 times |
| 28 Wed Feb 2024 | 10.25 | 10.22 | 10.38 | 10.11 | 1.012 times |
| 27 Tue Feb 2024 | 10.41 | 10.58 | 10.62 | 10.29 | 1.185 times |
| 26 Mon Feb 2024 | 10.42 | 10.20 | 10.42 | 10.12 | 0.662 times |
| 23 Fri Feb 2024 | 10.23 | 10.30 | 10.46 | 10.12 | 0.743 times |
| 22 Thu Feb 2024 | 10.29 | 10.24 | 10.38 | 10.00 | 1.006 times |
| 21 Wed Feb 2024 | 10.14 | 10.05 | 10.17 | 9.88 | 1.104 times |
Stock of Tencent Music (TME) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 9.3, for a target of 9.7 or 10.04
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 6.77 |
| Downside Target | 7.93 |
| Downside Target | 8.19 |
| Downside Target | 8.99 |
| Upside Target | 9.57 |
| Upside Target | 9.78 |
| Upside Target | 10.11 |
| Upside Target | 10.44 |
| Upside Target | 10.46 |
| Upside Target | 10.70 |
| Upside Target | 10.72 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 8.93 |
| Downside Intraday Target | 8.39 |
| Upside Intraday Target | 10.22 |
| Upside Intraday Target | 10.97 |
| Upside Intraday Target | 9.68 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Tue Mar 2024 | 9.46 | 10.35 | 10.44 | 9.15 | 0.613 times |
| 01 Fri Mar 2024 | 10.39 | 10.20 | 10.72 | 10.11 | 1.419 times |
| 23 Fri Feb 2024 | 10.23 | 10.11 | 10.46 | 9.78 | 0.732 times |
| 16 Fri Feb 2024 | 10.12 | 9.68 | 10.70 | 9.57 | 0.845 times |
| 09 Fri Feb 2024 | 9.67 | 9.31 | 9.82 | 9.08 | 0.916 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 |
| 05 Tue Mar 2024 | 9.46 | 10.54 | 10.72 | 9.15 | 0.185 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 |
| 29 Fri Dec 2023 | 9.01 | 8.33 | 9.20 | 7.93 | 0.811 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Tencent Music ( (TME) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Tencent Music ( (TME) ) based on a short to mid 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 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 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 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 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 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 10.14 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.
Price action analysis of Tencent Music ( (TME) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Tencent Music ( (TME) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Tencent Music ( (TME) ) based on a short to mid 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 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 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 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 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 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 10.14 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.