(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.
10 day averaged volume of Tencent Music is 5940700
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Wed Apr 2024 | 11.27 | 11.19 | 11.35 | 11.12 | 1.026 times |
| 16 Tue Apr 2024 | 11.25 | 11.10 | 11.38 | 10.94 | 1.438 times |
| 15 Mon Apr 2024 | 11.24 | 11.40 | 11.59 | 11.17 | 1.103 times |
| 12 Fri Apr 2024 | 11.37 | 11.66 | 11.73 | 11.36 | 1.128 times |
| 11 Thu Apr 2024 | 11.90 | 11.97 | 12.00 | 11.75 | 0.972 times |
| 10 Wed Apr 2024 | 11.85 | 11.77 | 11.99 | 11.72 | 0.64 times |
| 09 Tue Apr 2024 | 11.84 | 11.63 | 11.97 | 11.63 | 1.483 times |
| 08 Mon Apr 2024 | 11.59 | 11.63 | 11.69 | 11.55 | 0.624 times |
| 05 Fri Apr 2024 | 11.65 | 11.20 | 11.65 | 11.13 | 0.965 times |
| 04 Thu Apr 2024 | 11.21 | 11.39 | 11.53 | 11.20 | 0.482 times |
My analysis of stock is bearish for shortterm, and stock might move down till 11.1 or till 10.8. Use a stoploss of 11.37 and if the stock hits stoploss, then it can shoot up till 11.65
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 7.93 |
| Downside Target | 8.19 |
| Downside Target | 9.00 |
| Downside Target | 9.58 |
| Downside Target | 10.23 |
| Downside Target | 10.70 |
| Upside Target | 11.36 |
| Upside Target | 11.59 |
| Upside Target | 11.60 |
| Upside Target | 11.65 |
| Upside Target | 11.80 |
| Upside Target | 12.00 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 10.94 |
| Downside Intraday Target | 10.62 |
| Upside Intraday Target | 11.59 |
| Upside Intraday Target | 11.92 |
| Downside Intraday Target | 11.27 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Wed Apr 2024 | 11.27 | 11.40 | 11.59 | 10.94 | 0.736 times |
| 12 Fri Apr 2024 | 11.37 | 11.63 | 12.00 | 11.36 | 1.084 times |
| 05 Fri Apr 2024 | 11.65 | 11.26 | 11.65 | 11.01 | 0.888 times |
| 28 Thu Mar 2024 | 11.19 | 11.10 | 11.60 | 10.81 | 0.433 times |
| 22 Fri Mar 2024 | 10.95 | 10.50 | 11.80 | 10.23 | 1.685 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 |
| 17 Wed Apr 2024 | 11.27 | 11.26 | 12.00 | 10.94 | 0.384 times |
| 28 Thu Mar 2024 | 11.19 | 10.54 | 11.80 | 9.15 | 1.31 times |
| 29 Thu Feb 2024 | 10.47 | 9.43 | 10.70 | 9.00 | 0.672 times |
| 31 Wed Jan 2024 | 9.40 | 8.82 | 9.58 | 8.19 | 1.421 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 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 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 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 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 moving up
CCI has generated a buy signal for Tencent Music in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 11.52 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 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 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 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 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 moving up
CCI has generated a buy signal for Tencent Music in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 11.52 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.