(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.
10 day averaged volume of Tencent Music is 45495240
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Thu Apr 2021 | 17.99 | 18.58 | 18.63 | 17.70 | 0.662 times |
| 14 Wed Apr 2021 | 18.15 | 18.00 | 18.70 | 17.90 | 0.46 times |
| 13 Tue Apr 2021 | 18.22 | 18.20 | 18.68 | 18.17 | 0.452 times |
| 12 Mon Apr 2021 | 18.03 | 19.21 | 19.40 | 17.97 | 1.047 times |
| 09 Fri Apr 2021 | 19.22 | 19.28 | 19.90 | 19.01 | 0.594 times |
| 08 Thu Apr 2021 | 19.25 | 20.04 | 20.37 | 19.12 | 0.787 times |
| 07 Wed Apr 2021 | 19.65 | 20.20 | 20.28 | 19.52 | 0.744 times |
| 06 Tue Apr 2021 | 20.16 | 19.45 | 20.57 | 19.37 | 1.157 times |
| 05 Mon Apr 2021 | 19.03 | 20.12 | 20.24 | 18.80 | 1.252 times |
| 01 Thu Apr 2021 | 20.11 | 21.16 | 21.38 | 19.76 | 1.415 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 17.4 as stoploss in an intra day buy trade for a target of 21.86. However, stock will show a bearish move below 17.4.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 16.07 |
| Downside Target | 17.70 |
| Upside Target | 18.80 |
| Upside Target | 20.18 |
| Upside Target | 21.38 |
| Upside Target | 22.10 |
| Upside Target | 22.21 |
| Upside Target | 25.70 |
| Upside Target | 28.84 |
| Upside Target | 29.01 |
| Upside Target | 30.53 |
| Upside Target | 32.25 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 17.33 |
| Downside Intraday Target | 16.66 |
| Upside Intraday Target | 19.03 |
| Upside Intraday Target | 20.06 |
| Upside Intraday Target | 18.36 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Thu Apr 2021 | 17.99 | 19.21 | 19.40 | 17.70 | 0.578 times |
| 09 Fri Apr 2021 | 19.22 | 20.12 | 20.57 | 18.80 | 0.386 times |
| 01 Thu Apr 2021 | 20.11 | 21.80 | 22.10 | 19.10 | 0.88 times |
| 26 Fri Mar 2021 | 20.10 | 30.00 | 32.25 | 16.31 | 6.406 times |
| 19 Fri Mar 2021 | 30.42 | 26.27 | 30.53 | 25.70 | 1.437 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 Thu Apr 2021 | 17.99 | 21.16 | 21.38 | 17.70 | 0.295 times |
| 31 Wed Mar 2021 | 20.49 | 26.50 | 32.25 | 16.31 | 4.652 times |
| 26 Fri Feb 2021 | 25.72 | 27.00 | 29.01 | 22.21 | 1.11 times |
| 29 Fri Jan 2021 | 26.60 | 19.30 | 28.84 | 18.90 | 1.248 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 10, 35, 56 | Sell |
| MACD | -3, -3 | Sell |
| Stochastics | 7 | Sell |
| CCI | -101 | Sell |
| RSI | 45 | Sell |
| OBV | -419801600 | Sell |
| VWAP | 19 | Sell |
| ADL | 0 | Sell |
| ROC | -12 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Tencent Music ( (TME) ) based on a short 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 short 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 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 SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Tencent Music in short term and the sell signal is strong.
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 red color and prices are in or above the red 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 SELL signal in short term but selling 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 19.16 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Daily charts
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