(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 2024-07-26 View latest technical analysis
10 day averaged volume of Tencent Music is 6813500
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Fri Jul 2024 | 14.09 | 14.40 | 14.45 | 13.82 | 0.966 times |
| 25 Thu Jul 2024 | 14.43 | 14.59 | 14.62 | 14.21 | 1.214 times |
| 24 Wed Jul 2024 | 14.72 | 14.95 | 15.12 | 14.57 | 1.159 times |
| 23 Tue Jul 2024 | 15.28 | 14.79 | 15.28 | 14.76 | 0.903 times |
| 22 Mon Jul 2024 | 14.89 | 14.49 | 15.01 | 14.49 | 0.8 times |
| 19 Fri Jul 2024 | 14.26 | 14.40 | 14.45 | 14.26 | 0.768 times |
| 18 Thu Jul 2024 | 14.44 | 14.76 | 14.95 | 14.29 | 0.799 times |
| 17 Wed Jul 2024 | 14.77 | 14.98 | 14.99 | 14.69 | 0.884 times |
| 16 Tue Jul 2024 | 15.13 | 14.79 | 15.18 | 14.71 | 1.081 times |
| 15 Mon Jul 2024 | 14.86 | 14.99 | 15.12 | 14.86 | 1.242 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 14, for a target of 14.4 or 14.75
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 |
| Upside Target | 15.04 |
| Upside Target | 15.05 |
| Upside Target | 15.18 |
| Upside Target | 15.28 |
| Upside Target | 15.53 |
| Upside Target | 15.77 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 13.51 |
| Downside Intraday Target | 12.94 |
| Upside Intraday Target | 14.97 |
| Upside Intraday Target | 15.86 |
| Upside Intraday Target | 14.4 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Fri Jul 2024 | 14.09 | 14.49 | 15.28 | 13.82 | 1.056 times |
| 19 Fri Jul 2024 | 14.26 | 14.99 | 15.18 | 14.26 | 0.727 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 |
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 |
| 26 Fri Jul 2024 | 14.09 | 14.17 | 15.53 | 13.82 | 0.992 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Tencent Music stock for short term is SELL. 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 LOWS in short term which reflects strong selling momentum. 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 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 14.7 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Tencent Music stock for short term is SELL. 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 LOWS in short term which reflects strong selling momentum. 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 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 14.7 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.