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(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, -3Sell
Stochastics 7Sell
CCI -101Sell
RSI 45Sell
OBV -419801600Sell
VWAP 19Sell
ADL 0Sell
ROC -12Sell
Force Index 0Sell

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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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