(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 2024-08-01 View latest technical analysis
10 day averaged volume of Tencent Music is 6322580
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 13.29 | 14.20 | 14.20 | 13.17 | 1.392 times |
| 31 Wed Jul 2024 | 14.18 | 14.30 | 14.44 | 14.09 | 0.771 times |
| 30 Tue Jul 2024 | 13.90 | 13.94 | 14.01 | 13.81 | 0.867 times |
| 29 Mon Jul 2024 | 13.99 | 14.21 | 14.33 | 13.93 | 1.24 times |
| 26 Fri Jul 2024 | 14.09 | 14.40 | 14.45 | 13.82 | 1.041 times |
| 25 Thu Jul 2024 | 14.43 | 14.59 | 14.62 | 14.21 | 1.309 times |
| 24 Wed Jul 2024 | 14.72 | 14.95 | 15.12 | 14.57 | 1.249 times |
| 23 Tue Jul 2024 | 15.28 | 14.79 | 15.28 | 14.76 | 0.973 times |
| 22 Mon Jul 2024 | 14.89 | 14.49 | 15.01 | 14.49 | 0.862 times |
| 19 Fri Jul 2024 | 14.26 | 14.40 | 14.45 | 14.26 | 0.828 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 13.5, for a target of 14.1 or 14.59
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 10.94 |
| Downside Target | 12.36 |
| Downside Target | 12.93 |
| Upside Target | 13.55 |
| Upside Target | 14.48 |
| 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 | 12.83 |
| Downside Intraday Target | 12.36 |
| Upside Intraday Target | 14.1 |
| Upside Intraday Target | 14.9 |
| Upside Intraday Target | 13.63 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 13.29 | 14.21 | 14.44 | 13.17 | 0.786 times |
| 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 |
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 |
| 01 Thu Aug 2024 | 13.29 | 14.20 | 14.20 | 13.17 | 0.054 times |
| 31 Wed Jul 2024 | 14.18 | 14.17 | 15.53 | 13.81 | 1.116 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 |
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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Tencent Music stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Tencent Music in short term and the sell signal is strong.
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 red color and prices are below the red 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
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 14.27 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Tencent Music stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Tencent Music in short term and the sell signal is strong.
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 red color and prices are below the red 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
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 14.27 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.