(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 2024-04-01 View latest technical analysis
10 day averaged volume of Tencent Music is 10415110
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Mon Apr 2024 | 11.12 | 11.26 | 11.32 | 11.07 | 0.423 times |
| 28 Thu Mar 2024 | 11.19 | 11.09 | 11.35 | 11.06 | 0.577 times |
| 27 Wed Mar 2024 | 11.06 | 10.97 | 11.10 | 10.81 | 0.969 times |
| 26 Tue Mar 2024 | 11.07 | 11.19 | 11.60 | 11.06 | 0.637 times |
| 25 Mon Mar 2024 | 11.15 | 11.10 | 11.20 | 11.01 | 0.689 times |
| 22 Fri Mar 2024 | 10.95 | 11.15 | 11.24 | 10.85 | 0.987 times |
| 21 Thu Mar 2024 | 11.40 | 11.71 | 11.80 | 11.25 | 1.087 times |
| 20 Wed Mar 2024 | 11.69 | 11.35 | 11.74 | 11.03 | 1.433 times |
| 19 Tue Mar 2024 | 11.04 | 10.58 | 11.32 | 10.31 | 2.169 times |
| 18 Mon Mar 2024 | 10.38 | 10.50 | 10.60 | 10.23 | 0.95 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 11.2 as stoploss in an intra day sell trade for a target of 10.67. However, stock will show a bullish move above 11.2.
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 | 10.16 |
| Downside Target | 10.70 |
| Downside Target | 11.07 |
| Upside Target | 11.32 |
| Upside Target | 11.60 |
| Upside Target | 11.80 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 11.02 |
| Downside Intraday Target | 10.92 |
| Upside Intraday Target | 11.27 |
| Upside Intraday Target | 11.42 |
| Upside Intraday Target | 11.17 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Mon Apr 2024 | 11.12 | 11.26 | 11.32 | 11.07 | 0.147 times |
| 28 Thu Mar 2024 | 11.19 | 11.10 | 11.60 | 10.81 | 0.433 times |
| 22 Fri Mar 2024 | 10.95 | 10.50 | 11.80 | 10.23 | 1.685 times |
| 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 |
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 Mon Apr 2024 | 11.12 | 11.26 | 11.32 | 11.07 | 0.022 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 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 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 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. Bulls are getting stronger in this stock.
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 11.12 and Tencent Music (TME) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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. Bulls are getting stronger in this stock.
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 11.12 and Tencent Music (TME) stock is trading below this level. This means that stock is falling with high volumes. 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.