(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 2024-03-15 View latest technical analysis
10 day averaged volume of Tencent Music is 9496740
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Fri Mar 2024 | 10.33 | 10.46 | 10.46 | 10.29 | 0.55 times |
| 14 Thu Mar 2024 | 10.45 | 10.60 | 10.62 | 10.16 | 0.889 times |
| 13 Wed Mar 2024 | 10.57 | 10.52 | 10.89 | 10.52 | 0.991 times |
| 12 Tue Mar 2024 | 10.65 | 10.47 | 10.66 | 10.22 | 1.19 times |
| 11 Mon Mar 2024 | 10.35 | 10.51 | 10.81 | 10.28 | 0.694 times |
| 08 Fri Mar 2024 | 10.53 | 10.36 | 10.82 | 10.36 | 1.091 times |
| 07 Thu Mar 2024 | 10.36 | 9.52 | 10.37 | 9.52 | 1.181 times |
| 06 Wed Mar 2024 | 9.62 | 9.65 | 9.83 | 9.51 | 0.997 times |
| 05 Tue Mar 2024 | 9.46 | 9.90 | 9.95 | 9.15 | 1.682 times |
| 04 Mon Mar 2024 | 10.08 | 10.35 | 10.44 | 9.99 | 0.763 times |
My analysis of stock is bullish for shortterm, and stock might move up till 10.5 or till 10.9. Use a stoploss of 10.25 and if this stock hits its stoploss, then it can fall down till 9.96
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 |
| Downside Target | 9.57 |
| Downside Target | 9.78 |
| Downside Target | 10.11 |
| Upside Target | 10.46 |
| Upside Target | 10.70 |
| Upside Target | 10.72 |
| Upside Target | 10.82 |
| Upside Target | 10.89 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 10.03 |
| Downside Intraday Target | 9.73 |
| Upside Intraday Target | 10.76 |
| Upside Intraday Target | 11.19 |
| Upside Intraday Target | 10.46 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Fri Mar 2024 | 10.33 | 10.51 | 10.89 | 10.16 | 0.755 times |
| 08 Fri Mar 2024 | 10.53 | 10.35 | 10.82 | 9.15 | 1.433 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 |
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 |
| 15 Fri Mar 2024 | 10.33 | 10.54 | 10.89 | 9.15 | 0.659 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 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 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 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
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 10.19 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 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 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 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 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
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 10.19 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.