(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 2024-11-25 View latest technical analysis
10 day averaged volume of Tencent Music is 8319980
| Date | Daily Closing Price | Open | High | Low | Volume |
| 25 Mon Nov 2024 | 11.19 | 11.64 | 11.71 | 11.16 | 1.114 times |
| 22 Fri Nov 2024 | 11.53 | 11.26 | 11.57 | 11.17 | 0.558 times |
| 21 Thu Nov 2024 | 11.52 | 11.33 | 11.73 | 11.26 | 0.767 times |
| 20 Wed Nov 2024 | 11.44 | 11.25 | 11.50 | 11.22 | 0.779 times |
| 19 Tue Nov 2024 | 11.15 | 11.33 | 11.47 | 11.10 | 0.525 times |
| 18 Mon Nov 2024 | 11.49 | 11.10 | 11.64 | 10.90 | 1.004 times |
| 15 Fri Nov 2024 | 11.07 | 10.88 | 11.25 | 10.88 | 1.099 times |
| 14 Thu Nov 2024 | 10.81 | 10.32 | 10.82 | 10.11 | 1.587 times |
| 13 Wed Nov 2024 | 10.67 | 10.92 | 10.99 | 10.37 | 1.03 times |
| 12 Tue Nov 2024 | 10.92 | 10.78 | 11.10 | 10.36 | 1.641 times |
My analysis of stock is bearish for shortterm, and stock might move down till 11 or till 10.7. Use a stoploss of 11.32 and if the stock hits stoploss, then it can shoot up till 11.62
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.41 |
| Downside Target | 10.07 |
| Downside Target | 10.90 |
| Upside Target | 11.71 |
| Upside Target | 12.08 |
| Upside Target | 12.11 |
| Upside Target | 13.81 |
| Upside Target | 13.83 |
| Upside Target | 14.05 |
| Upside Target | 14.20 |
| Upside Target | 15.53 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 11 |
| Downside Intraday Target | 10.8 |
| Upside Intraday Target | 11.55 |
| Upside Intraday Target | 11.9 |
| Upside Intraday Target | 11.35 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 25 Mon Nov 2024 | 11.19 | 11.64 | 11.71 | 11.16 | 0.307 times |
| 22 Fri Nov 2024 | 11.53 | 11.10 | 11.73 | 10.90 | 0.571 times |
| 15 Fri Nov 2024 | 11.07 | 11.67 | 11.77 | 10.11 | 1.748 times |
| 08 Fri Nov 2024 | 11.39 | 11.26 | 12.11 | 11.17 | 1.26 times |
| 01 Fri Nov 2024 | 11.12 | 11.59 | 12.08 | 11.05 | 0.997 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 |
| 25 Mon Nov 2024 | 11.19 | 11.25 | 12.11 | 10.11 | 0.717 times |
| 31 Thu Oct 2024 | 11.13 | 12.15 | 14.05 | 11.08 | 0.763 times |
| 30 Mon Sep 2024 | 12.05 | 10.28 | 13.83 | 9.41 | 0.929 times |
| 30 Fri Aug 2024 | 10.44 | 14.20 | 14.20 | 10.07 | 1.527 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 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 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 gaining momentum.
MACD generated a BUY signal for Tencent Music in short term but the buy 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 stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 11.11 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 negative.
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 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 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 gaining momentum.
MACD generated a BUY signal for Tencent Music in short term but the buy 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 stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 11.11 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.