(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 2024-07-02 View latest technical analysis
10 day averaged volume of Tencent Music is 6216340
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Tue Jul 2024 | 14.43 | 14.28 | 14.50 | 14.12 | 0.485 times |
| 01 Mon Jul 2024 | 14.34 | 14.17 | 14.52 | 14.11 | 1.109 times |
| 28 Fri Jun 2024 | 14.05 | 14.07 | 14.16 | 13.93 | 1.073 times |
| 27 Thu Jun 2024 | 13.97 | 14.20 | 14.20 | 13.91 | 1.158 times |
| 26 Wed Jun 2024 | 14.32 | 14.27 | 14.36 | 14.11 | 0.791 times |
| 25 Tue Jun 2024 | 14.30 | 14.21 | 14.43 | 14.09 | 0.974 times |
| 24 Mon Jun 2024 | 14.28 | 14.01 | 14.34 | 13.97 | 0.658 times |
| 21 Fri Jun 2024 | 14.01 | 13.93 | 14.12 | 13.77 | 1.211 times |
| 20 Thu Jun 2024 | 14.06 | 14.50 | 14.67 | 13.82 | 0.952 times |
| 18 Tue Jun 2024 | 14.36 | 13.98 | 14.37 | 13.91 | 1.037 times |
My analysis of stock is bullish for shortterm, and stock might move up till 14.6 or till 14.8. Use a stoploss of 14.32 and if this stock hits its stoploss, then it can fall down till 14.08
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.15 |
| Downside Target | 10.94 |
| Downside Target | 11.80 |
| Downside Target | 12.36 |
| Downside Target | 12.93 |
| Downside Target | 13.55 |
| Downside Target | 14.43 |
| Upside Target | 14.52 |
| Upside Target | 14.67 |
| Upside Target | 14.77 |
| Upside Target | 15.05 |
| Upside Target | 15.77 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 14.19 |
| Downside Intraday Target | 13.94 |
| Upside Intraday Target | 14.6 |
| Upside Intraday Target | 14.76 |
| Downside Intraday Target | 14.35 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Tue Jul 2024 | 14.43 | 14.17 | 14.52 | 14.11 | 0.342 times |
| 28 Fri Jun 2024 | 14.05 | 14.01 | 14.43 | 13.91 | 1.454 times |
| 21 Fri Jun 2024 | 14.01 | 13.98 | 14.67 | 13.77 | 1.38 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 |
Price has moved up 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 |
| 02 Tue Jul 2024 | 14.43 | 14.17 | 14.52 | 14.11 | 0.068 times |
| 28 Fri Jun 2024 | 14.05 | 14.57 | 15.05 | 13.55 | 0.828 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 |
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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 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 gaining momentum.
MACD generated a SELL signal for Tencent Music in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Tencent Music in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Tencent Music is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 14.19 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 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 is giving positive 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.
Price action analysis of Tencent Music ( (TME) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 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 gaining momentum.
MACD generated a SELL signal for Tencent Music in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Tencent Music in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Tencent Music is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 14.19 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 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 is giving positive 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.