(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 7576990
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 12.55 | 12.73 | 12.82 | 12.48 | 0.991 times |
| 29 Mon Apr 2024 | 12.90 | 12.80 | 12.93 | 12.63 | 0.711 times |
| 26 Fri Apr 2024 | 12.88 | 12.76 | 12.93 | 12.71 | 0.793 times |
| 25 Thu Apr 2024 | 12.68 | 12.33 | 12.70 | 12.24 | 1.096 times |
| 24 Wed Apr 2024 | 12.53 | 12.50 | 12.62 | 12.41 | 1.011 times |
| 23 Tue Apr 2024 | 12.32 | 11.91 | 12.37 | 11.79 | 1.97 times |
| 22 Mon Apr 2024 | 11.76 | 11.42 | 11.81 | 11.38 | 1.004 times |
| 19 Fri Apr 2024 | 11.36 | 11.48 | 11.53 | 11.23 | 0.654 times |
| 18 Thu Apr 2024 | 11.58 | 11.38 | 11.71 | 11.32 | 0.829 times |
| 17 Wed Apr 2024 | 11.27 | 11.19 | 11.35 | 11.12 | 0.804 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 12.4, but if it comes below 12.4, then a intra day sell could be more profitable.
If you take a sell trade below 12.4, then use 12.4 as stoploss and 11.86 as target. However if you take a buy trade in stock , then use 12.4 as stoploss and 13.1 as target.
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 | 10.70 |
| Downside Target | 10.94 |
| Downside Target | 11.36 |
| Downside Target | 11.65 |
| Downside Target | 11.80 |
| Downside Target | 12.00 |
| Downside Target | 12.48 |
| Upside Target | 12.93 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 12.38 |
| Downside Intraday Target | 12.2 |
| Upside Intraday Target | 12.83 |
| Upside Intraday Target | 13.1 |
| Upside Intraday Target | 12.65 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 12.55 | 12.80 | 12.93 | 12.48 | 0.29 times |
| 26 Fri Apr 2024 | 12.88 | 11.42 | 12.93 | 11.38 | 1.372 times |
| 19 Fri Apr 2024 | 11.36 | 11.40 | 11.71 | 10.94 | 1.127 times |
| 12 Fri Apr 2024 | 11.37 | 11.63 | 12.00 | 11.36 | 1.084 times |
| 05 Fri Apr 2024 | 11.65 | 11.26 | 11.65 | 11.01 | 0.888 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 |
| 30 Tue Apr 2024 | 12.55 | 11.26 | 12.93 | 10.94 | 0.729 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 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 Strong and stock is losing momentum.
MACD generated a BUY signal for Tencent Music in short term and the buy signal is strong.
Tencent Music Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
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 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 12.22 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 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 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 Strong and stock is losing momentum.
MACD generated a BUY signal for Tencent Music in short term and the buy signal is strong.
Tencent Music Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
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 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 12.22 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 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.