(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 2024-06-20 View latest technical analysis
10 day averaged volume of Tencent Music is 7601570
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Thu Jun 2024 | 14.06 | 14.50 | 14.67 | 13.82 | 0.779 times |
| 18 Tue Jun 2024 | 14.36 | 13.98 | 14.37 | 13.91 | 0.848 times |
| 18 Tue Jun 2024 | 14.36 | 13.98 | 14.37 | 13.91 | 0.848 times |
| 17 Mon Jun 2024 | 14.16 | 14.70 | 14.77 | 14.06 | 1.049 times |
| 14 Fri Jun 2024 | 14.80 | 14.57 | 15.05 | 14.53 | 2.086 times |
| 13 Thu Jun 2024 | 14.85 | 14.39 | 15.04 | 14.39 | 1.286 times |
| 12 Wed Jun 2024 | 14.34 | 14.56 | 14.63 | 14.17 | 0.877 times |
| 11 Tue Jun 2024 | 14.35 | 14.34 | 14.64 | 14.26 | 0.844 times |
| 10 Mon Jun 2024 | 14.24 | 14.12 | 14.34 | 14.00 | 0.453 times |
| 07 Fri Jun 2024 | 14.07 | 14.41 | 14.48 | 13.96 | 1.017 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 14.1, but if it comes above 14.1, then a intra day buy could be more profitable.
If you take a sell trade below 14.1, then use 14.1 as stoploss and 13.7 as target. However if you take a buy trade in stock , then use 14.1 as stoploss and 14.47 as target.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.00 |
| Downside Target | 10.70 |
| Downside Target | 10.94 |
| Downside Target | 11.80 |
| Downside Target | 12.36 |
| Downside Target | 12.93 |
| Downside Target | 13.55 |
| Upside Target | 14.67 |
| Upside Target | 14.77 |
| Upside Target | 15.05 |
| Upside Target | 15.28 |
| Upside Target | 15.77 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 13.7 |
| Downside Intraday Target | 13.33 |
| Upside Intraday Target | 14.55 |
| Upside Intraday Target | 15.03 |
| Upside Intraday Target | 14.18 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Thu Jun 2024 | 14.06 | 13.98 | 14.67 | 13.82 | 0.857 times |
| 18 Tue Jun 2024 | 14.36 | 14.70 | 14.77 | 13.91 | 0.342 times |
| 14 Fri Jun 2024 | 14.80 | 14.12 | 15.05 | 14.00 | 1.027 times |
| 07 Fri Jun 2024 | 14.07 | 14.57 | 14.77 | 13.55 | 1.283 times |
| 31 Fri May 2024 | 14.45 | 14.98 | 15.28 | 14.07 | 0.886 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 Thu Jun 2024 | 14.06 | 14.57 | 15.05 | 13.55 | 0.622 times |
| 31 Fri May 2024 | 14.45 | 12.52 | 15.77 | 12.36 | 1.219 times |
| 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 |
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)
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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 14.43 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 14.43 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.