(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 2024-07-15 View latest technical analysis
10 day averaged volume of Tencent Music is 7840850
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Mon Jul 2024 | 14.86 | 14.99 | 15.12 | 14.86 | 1.079 times |
| 12 Fri Jul 2024 | 15.13 | 15.05 | 15.32 | 14.96 | 1 times |
| 11 Thu Jul 2024 | 14.98 | 15.00 | 15.26 | 14.87 | 1.279 times |
| 10 Wed Jul 2024 | 15.06 | 15.20 | 15.53 | 14.98 | 1.007 times |
| 09 Tue Jul 2024 | 15.27 | 14.62 | 15.34 | 14.53 | 1.246 times |
| 08 Mon Jul 2024 | 14.51 | 14.38 | 14.53 | 14.07 | 1.175 times |
| 05 Fri Jul 2024 | 14.53 | 14.75 | 14.98 | 14.48 | 1.393 times |
| 03 Wed Jul 2024 | 14.94 | 14.57 | 15.04 | 14.57 | 0.818 times |
| 03 Wed Jul 2024 | 14.94 | 14.57 | 15.04 | 14.57 | 0.818 times |
| 02 Tue Jul 2024 | 14.43 | 14.28 | 14.50 | 14.12 | 0.384 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 14.9 as stoploss in an intra day sell trade for a target of 14.54. However, stock will show a bullish move above 14.9.
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 | 13.91 |
| Downside Target | 14.43 |
| Downside Target | 14.86 |
| Upside Target | 15.05 |
| Upside Target | 15.12 |
| Upside Target | 15.53 |
| Upside Target | 15.77 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 14.77 |
| Downside Intraday Target | 14.69 |
| Upside Intraday Target | 15.03 |
| Upside Intraday Target | 15.21 |
| Upside Intraday Target | 14.95 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Mon Jul 2024 | 14.86 | 14.99 | 15.12 | 14.86 | 0.189 times |
| 12 Fri Jul 2024 | 15.13 | 14.38 | 15.53 | 14.07 | 2.581 times |
| 05 Fri Jul 2024 | 14.53 | 14.57 | 15.04 | 14.48 | 1.062 times |
| 03 Wed Jul 2024 | 14.94 | 14.17 | 15.04 | 14.11 | 0.564 times |
| 28 Fri Jun 2024 | 14.05 | 14.01 | 14.43 | 13.91 | 1.454 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 Mon Jul 2024 | 14.86 | 14.17 | 15.53 | 14.07 | 0.593 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 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 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 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 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 14.88 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 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 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 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 14.88 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.