(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 8037080
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Tue Dec 2023 | 8.10 | 8.10 | 8.18 | 8.00 | 0.63 times |
| 04 Mon Dec 2023 | 8.29 | 8.35 | 8.44 | 8.24 | 0.86 times |
| 01 Fri Dec 2023 | 8.43 | 8.33 | 8.63 | 8.31 | 0.771 times |
| 30 Thu Nov 2023 | 8.51 | 8.25 | 8.56 | 8.03 | 1.41 times |
| 29 Wed Nov 2023 | 8.33 | 8.28 | 8.39 | 8.24 | 0.87 times |
| 28 Tue Nov 2023 | 8.40 | 8.38 | 8.51 | 8.37 | 0.552 times |
| 27 Mon Nov 2023 | 8.40 | 8.45 | 8.49 | 8.34 | 0.726 times |
| 24 Fri Nov 2023 | 8.60 | 8.40 | 8.60 | 8.35 | 0.519 times |
| 22 Wed Nov 2023 | 8.47 | 8.68 | 8.69 | 8.38 | 1.673 times |
| 21 Tue Nov 2023 | 8.69 | 8.74 | 8.99 | 8.65 | 1.176 times |
My analysis of stock is bearish for shortterm, and stock might move down till 7.7 or till 7.1. Use a stoploss of 8.16 and if the stock hits stoploss, then it can shoot up till 8.64
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 5.70 |
| Downside Target | 5.96 |
| Downside Target | 6.09 |
| Downside Target | 6.77 |
| Downside Target | 7.00 |
| Downside Target | 7.37 |
| Downside Target | 7.72 |
| Downside Target | 8.00 |
| Upside Target | 8.35 |
| Upside Target | 8.59 |
| Upside Target | 8.63 |
| Upside Target | 8.99 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 7.92 |
| Downside Intraday Target | 7.74 |
| Upside Intraday Target | 8.36 |
| Upside Intraday Target | 8.62 |
| Upside Intraday Target | 8.18 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Tue Dec 2023 | 8.10 | 8.35 | 8.44 | 8.00 | 0.344 times |
| 01 Fri Dec 2023 | 8.43 | 8.45 | 8.63 | 8.03 | 0.9 times |
| 24 Fri Nov 2023 | 8.60 | 8.40 | 8.99 | 8.35 | 0.518 times |
| 17 Fri Nov 2023 | 8.37 | 7.44 | 8.59 | 6.77 | 1.909 times |
| 10 Fri Nov 2023 | 7.37 | 7.61 | 7.72 | 7.13 | 1.293 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 |
| 05 Tue Dec 2023 | 8.10 | 8.33 | 8.63 | 8.00 | 0.093 times |
| 30 Thu Nov 2023 | 8.51 | 7.26 | 8.99 | 6.77 | 1.309 times |
| 31 Tue Oct 2023 | 7.26 | 6.33 | 7.37 | 6.09 | 1.092 times |
| 29 Fri Sep 2023 | 6.38 | 6.95 | 7.19 | 5.96 | 0.727 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 neutral. A longer time frame might give a better analysis.
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 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 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 above 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 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 8.44 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 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 neutral. A longer time frame might give a better analysis.
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 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 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 above 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 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 8.44 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.