(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 2024-11-11 View latest technical analysis
10 day averaged volume of Tencent Music is 5436020
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Mon Nov 2024 | 11.55 | 11.67 | 11.77 | 11.51 | 1.546 times |
| 08 Fri Nov 2024 | 11.39 | 11.39 | 11.60 | 11.21 | 1.491 times |
| 07 Thu Nov 2024 | 11.78 | 11.98 | 12.11 | 11.61 | 1.204 times |
| 06 Wed Nov 2024 | 11.62 | 11.28 | 11.62 | 11.28 | 1.177 times |
| 05 Tue Nov 2024 | 11.73 | 11.64 | 11.81 | 11.54 | 0.922 times |
| 04 Mon Nov 2024 | 11.26 | 11.26 | 11.51 | 11.17 | 0.781 times |
| 01 Fri Nov 2024 | 11.12 | 11.25 | 11.30 | 11.05 | 0.724 times |
| 31 Thu Oct 2024 | 11.13 | 11.41 | 11.42 | 11.08 | 1.078 times |
| 30 Wed Oct 2024 | 11.42 | 11.47 | 11.62 | 11.34 | 0.681 times |
| 29 Tue Oct 2024 | 11.56 | 11.90 | 12.03 | 11.54 | 0.982 times |
My analysis of stock is bearish for shortterm, and stock might move down till 11.3 or till 11. Use a stoploss of 11.62 and if the stock hits stoploss, then it can shoot up till 11.91
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.41 |
| Downside Target | 10.07 |
| Downside Target | 11.05 |
| Downside Target | 11.51 |
| Upside Target | 12.11 |
| Upside Target | 13.06 |
| Upside Target | 13.81 |
| Upside Target | 13.83 |
| Upside Target | 14.05 |
| Upside Target | 14.20 |
| Upside Target | 15.53 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 11.45 |
| Downside Intraday Target | 11.35 |
| Upside Intraday Target | 11.71 |
| Upside Intraday Target | 11.87 |
| Upside Intraday Target | 11.61 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Mon Nov 2024 | 11.55 | 11.67 | 11.77 | 11.51 | 0.277 times |
| 08 Fri Nov 2024 | 11.39 | 11.26 | 12.11 | 11.17 | 1.26 times |
| 01 Fri Nov 2024 | 11.12 | 11.59 | 12.08 | 11.05 | 0.997 times |
| 25 Fri Oct 2024 | 11.49 | 11.86 | 12.00 | 11.24 | 0.76 times |
| 18 Fri Oct 2024 | 11.88 | 12.59 | 13.06 | 11.55 | 0.648 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 |
| 11 Mon Nov 2024 | 11.55 | 11.25 | 12.11 | 11.05 | 0.241 times |
| 31 Thu Oct 2024 | 11.13 | 12.15 | 14.05 | 11.08 | 0.763 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 |
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 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Tencent Music stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Tencent Music in short term but the buy 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. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 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 11.48 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 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 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Tencent Music stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Tencent Music in short term but the buy 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. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 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 11.48 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 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.