(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 2024-04-12 View latest technical analysis
10 day averaged volume of Tencent Music is 5465800
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Fri Apr 2024 | 11.37 | 11.66 | 11.73 | 11.36 | 1.226 times |
| 11 Thu Apr 2024 | 11.90 | 11.97 | 12.00 | 11.75 | 1.056 times |
| 10 Wed Apr 2024 | 11.85 | 11.77 | 11.99 | 11.72 | 0.695 times |
| 09 Tue Apr 2024 | 11.84 | 11.63 | 11.97 | 11.63 | 1.611 times |
| 08 Mon Apr 2024 | 11.59 | 11.63 | 11.69 | 11.55 | 0.678 times |
| 05 Fri Apr 2024 | 11.65 | 11.20 | 11.65 | 11.13 | 1.049 times |
| 04 Thu Apr 2024 | 11.21 | 11.39 | 11.53 | 11.20 | 0.524 times |
| 03 Wed Apr 2024 | 11.41 | 11.28 | 11.56 | 11.16 | 1.267 times |
| 02 Tue Apr 2024 | 11.28 | 11.06 | 11.31 | 11.01 | 1.214 times |
| 01 Mon Apr 2024 | 11.12 | 11.26 | 11.32 | 11.07 | 0.805 times |
My analysis of stock is bullish for shortterm, and stock might move up till 11.7 or till 12.2. Use a stoploss of 11.27 and if this stock hits its stoploss, then it can fall down till 10.85
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 | 10.16 |
| Downside Target | 10.70 |
| Downside Target | 11.36 |
| Upside Target | 11.60 |
| Upside Target | 11.65 |
| Upside Target | 11.80 |
| Upside Target | 12.00 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 11.15 |
| Downside Intraday Target | 10.94 |
| Upside Intraday Target | 11.79 |
| Upside Intraday Target | 12.22 |
| Upside Intraday Target | 11.58 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 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 |
| 28 Thu Mar 2024 | 11.19 | 11.10 | 11.60 | 10.81 | 0.433 times |
| 22 Fri Mar 2024 | 10.95 | 10.50 | 11.80 | 10.23 | 1.685 times |
| 15 Fri Mar 2024 | 10.33 | 10.51 | 10.89 | 10.16 | 0.755 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 |
| 12 Fri Apr 2024 | 11.37 | 11.26 | 12.00 | 11.01 | 0.278 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 losing momentum.
MACD generated a SELL signal for Tencent Music in short term but the sell 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 tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below the green 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 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 11.54 and Tencent Music (TME) stock is trading below this level. This means that stock is falling with high volumes. 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 losing momentum.
MACD generated a SELL signal for Tencent Music in short term but the sell 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 tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below the green 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 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 11.54 and Tencent Music (TME) stock is trading below this level. This means that stock is falling with high volumes. 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.