(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 2024-01-24 View latest technical analysis
10 day averaged volume of Tencent Music is 12623590
Date | Daily Closing Price | Open | High | Low | Volume |
24 Wed Jan 2024 | 8.94 | 9.06 | 9.10 | 8.83 | 1.085 times |
23 Tue Jan 2024 | 8.58 | 8.80 | 9.00 | 8.52 | 0.805 times |
22 Mon Jan 2024 | 8.42 | 8.29 | 8.47 | 8.19 | 1.166 times |
19 Fri Jan 2024 | 8.51 | 8.54 | 8.71 | 8.36 | 1.283 times |
18 Thu Jan 2024 | 8.75 | 8.88 | 9.07 | 8.61 | 0.742 times |
17 Wed Jan 2024 | 8.71 | 8.69 | 8.79 | 8.51 | 1.044 times |
16 Tue Jan 2024 | 9.01 | 9.04 | 9.16 | 8.93 | 1.094 times |
12 Fri Jan 2024 | 9.39 | 9.47 | 9.58 | 9.28 | 0.787 times |
12 Fri Jan 2024 | 9.39 | 9.47 | 9.58 | 9.28 | 0.787 times |
11 Thu Jan 2024 | 9.43 | 9.11 | 9.53 | 9.08 | 1.381 times |
My analysis of stock is bullish for shortterm, and stock might move up till 9.2 or till 9.5. Use a stoploss of 8.9 and if this stock hits its stoploss, then it can fall down till 8.63
Share price targets for Tencent Music (TME)
Target Type | Value |
Downside Target | 5.96 |
Downside Target | 6.09 |
Downside Target | 6.77 |
Downside Target | 7.19 |
Downside Target | 7.37 |
Downside Target | 7.93 |
Downside Target | 8.19 |
Downside Target | 8.36 |
Downside Target | 8.54 |
Upside Target | 8.99 |
Upside Target | 9.20 |
Upside Target | 9.28 |
Upside Target | 9.58 |
Intraday share price targets for Tencent Music (TME)
Target Type | Value |
Downside Intraday Target | 8.39 |
Downside Intraday Target | 7.83 |
Upside Intraday Target | 9.3 |
Upside Intraday Target | 9.65 |
Downside Intraday Target | 8.74 |
Weekly technical analysis of Tencent Music (TME)
Date | Weekly Closing Price | Open | High | Low | Volume |
24 Wed Jan 2024 | 8.94 | 8.29 | 9.10 | 8.19 | 0.734 times |
19 Fri Jan 2024 | 8.51 | 9.04 | 9.16 | 8.36 | 5.288 times |
12 Fri Jan 2024 | 9.39 | 9.47 | 9.58 | 9.28 | 0.191 times |
12 Fri Jan 2024 | 9.39 | 8.70 | 9.58 | 8.54 | 1.833 times |
05 Fri Jan 2024 | 8.87 | 8.82 | 9.17 | 8.64 | 3.134 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 |
24 Wed Jan 2024 | 8.94 | 8.82 | 9.58 | 8.19 | 1.14 times |
29 Fri Dec 2023 | 9.01 | 8.33 | 9.20 | 7.93 | 0.811 times |
30 Thu Nov 2023 | 8.51 | 7.26 | 8.99 | 6.77 | 1.222 times |
31 Tue Oct 2023 | 7.26 | 6.33 | 7.37 | 6.09 | 1.178 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 BUY. 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.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are above the green 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 and the buying is gaining 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 8.9 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 BUY. 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.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are above the green 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 and the buying is gaining 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 8.9 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.