(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 2024-12-20 View latest technical analysis
10 day averaged volume of Tencent Music is 7520497
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Fri Dec 2024 | 11.95 | 11.69 | 12.03 | 11.65 | 0.673 times |
| 19 Thu Dec 2024 | 11.79 | 11.90 | 12.00 | 11.74 | 0.758 times |
| 18 Wed Dec 2024 | 11.77 | 11.70 | 11.91 | 11.65 | 0.748 times |
| 17 Tue Dec 2024 | 11.78 | 11.44 | 11.91 | 11.31 | 1.379 times |
| 16 Mon Dec 2024 | 11.30 | 11.71 | 11.83 | 11.27 | 1.202 times |
| 13 Fri Dec 2024 | 11.98 | 11.90 | 12.06 | 11.54 | 1.284 times |
| 12 Thu Dec 2024 | 12.07 | 11.87 | 12.37 | 11.81 | 0.837 times |
| 11 Wed Dec 2024 | 11.78 | 12.24 | 12.37 | 11.67 | 1.516 times |
| 10 Tue Dec 2024 | 12.50 | 12.87 | 12.94 | 12.38 | 0.954 times |
| 09 Mon Dec 2024 | 13.16 | 13.15 | 13.82 | 13.08 | 1.303 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 12.2 as stoploss in an intra day sell trade for a target of 11.69. However, stock will show a bullish move above 12.2.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.41 |
| Downside Target | 10.07 |
| Downside Target | 10.90 |
| Downside Target | 11.54 |
| Upside Target | 12.03 |
| Upside Target | 12.11 |
| Upside Target | 12.34 |
| Upside Target | 13.82 |
| Upside Target | 13.83 |
| Upside Target | 14.05 |
| Upside Target | 14.20 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 11.47 |
| Downside Intraday Target | 10.99 |
| Upside Intraday Target | 12.23 |
| Upside Intraday Target | 12.51 |
| Downside Intraday Target | 11.75 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Fri Dec 2024 | 11.95 | 11.71 | 12.03 | 11.27 | 0.808 times |
| 13 Fri Dec 2024 | 11.98 | 13.15 | 13.82 | 11.54 | 7.213 times |
| 05 Thu Dec 2024 | 12.28 | 11.19 | 12.34 | 11.04 | 0.402 times |
| 26 Tue Nov 2024 | 11.07 | 11.64 | 11.71 | 11.04 | 0.506 times |
| 22 Fri Nov 2024 | 11.53 | 11.10 | 11.73 | 10.90 | 0.571 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 |
| 20 Fri Dec 2024 | 11.95 | 12.20 | 13.82 | 11.27 | 0.579 times |
| 26 Tue Nov 2024 | 11.07 | 11.25 | 12.11 | 10.11 | 0.785 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 |
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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Tencent Music ( (TME) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Tencent Music in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Tencent Music Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Tencent Music in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 12.02 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Tencent Music ( (TME) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Tencent Music in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Tencent Music Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Tencent Music in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 12.02 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.