(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 2024-10-16 View latest technical analysis
10 day averaged volume of Tencent Music is 10875880
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Wed Oct 2024 | 12.13 | 12.31 | 12.38 | 12.06 | 0.419 times |
| 15 Tue Oct 2024 | 12.25 | 12.35 | 12.38 | 12.01 | 0.805 times |
| 14 Mon Oct 2024 | 12.70 | 12.59 | 13.06 | 12.53 | 0.848 times |
| 11 Fri Oct 2024 | 12.78 | 12.30 | 13.39 | 12.25 | 1.252 times |
| 10 Thu Oct 2024 | 12.53 | 12.31 | 12.63 | 12.30 | 0.451 times |
| 09 Wed Oct 2024 | 12.36 | 11.99 | 12.42 | 11.99 | 0.888 times |
| 08 Tue Oct 2024 | 12.63 | 12.12 | 12.63 | 12.12 | 0.977 times |
| 07 Mon Oct 2024 | 13.34 | 13.57 | 13.75 | 13.07 | 0.94 times |
| 04 Fri Oct 2024 | 13.48 | 13.92 | 14.01 | 13.29 | 0.836 times |
| 03 Thu Oct 2024 | 13.51 | 12.93 | 13.71 | 12.90 | 1.304 times |
My analysis of stock is bearish for shortterm, and stock might move down till 11.1 or till 9.8. Use a stoploss of 12.19 and if the stock hits stoploss, then it can shoot up till 13.28
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.41 |
| Downside Target | 9.79 |
| Downside Target | 10.07 |
| Downside Target | 11.91 |
| Upside Target | 13.06 |
| Upside Target | 13.55 |
| Upside Target | 13.83 |
| Upside Target | 14.05 |
| Upside Target | 14.20 |
| Upside Target | 15.05 |
| Upside Target | 15.53 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 11.74 |
| Downside Intraday Target | 11.35 |
| Upside Intraday Target | 12.79 |
| Upside Intraday Target | 13.45 |
| Upside Intraday Target | 12.4 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Wed Oct 2024 | 12.13 | 12.59 | 13.06 | 12.01 | 0.46 times |
| 11 Fri Oct 2024 | 12.78 | 13.57 | 13.75 | 11.99 | 0.714 times |
| 04 Fri Oct 2024 | 13.48 | 12.71 | 14.05 | 11.91 | 0.653 times |
| 27 Fri Sep 2024 | 12.28 | 9.96 | 13.83 | 9.79 | 2.696 times |
| 20 Fri Sep 2024 | 9.86 | 9.59 | 10.09 | 9.41 | 0.833 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 |
| 16 Wed Oct 2024 | 12.13 | 12.15 | 14.05 | 11.99 | 0.532 times |
| 30 Mon Sep 2024 | 12.05 | 10.28 | 13.83 | 9.41 | 0.929 times |
| 30 Fri Aug 2024 | 10.44 | 14.20 | 14.20 | 10.07 | 1.527 times |
| 31 Wed Jul 2024 | 14.18 | 14.17 | 15.53 | 13.81 | 1.116 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 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 short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.
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.
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 and the buying is gaining 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 12.86 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 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 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 short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.
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.
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 and the buying is gaining 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 12.86 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.