(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 2024-02-05 View latest technical analysis
10 day averaged volume of Tencent Music is 9616020
Date | Daily Closing Price | Open | High | Low | Volume |
05 Mon Feb 2024 | 9.26 | 9.31 | 9.40 | 9.08 | 0.888 times |
02 Fri Feb 2024 | 9.06 | 9.12 | 9.20 | 9.00 | 0.707 times |
01 Thu Feb 2024 | 9.26 | 9.43 | 9.49 | 9.11 | 0.637 times |
31 Wed Jan 2024 | 9.40 | 8.90 | 9.49 | 8.89 | 1.509 times |
30 Tue Jan 2024 | 9.05 | 8.90 | 9.13 | 8.88 | 1.073 times |
29 Mon Jan 2024 | 9.09 | 9.00 | 9.11 | 8.91 | 0.969 times |
26 Fri Jan 2024 | 9.02 | 8.75 | 9.06 | 8.71 | 0.481 times |
25 Thu Jan 2024 | 8.91 | 9.00 | 9.18 | 8.86 | 0.612 times |
24 Wed Jan 2024 | 8.94 | 9.06 | 9.10 | 8.83 | 1.425 times |
23 Tue Jan 2024 | 8.58 | 8.80 | 9.00 | 8.52 | 1.057 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 9.3 as stoploss in an intra day sell trade for a target of 9. However, stock will show a bullish move above 9.3.
Share price targets for Tencent Music (TME)
Target Type | Value |
Downside Target | 6.09 |
Downside Target | 6.77 |
Downside Target | 7.37 |
Downside Target | 7.93 |
Downside Target | 8.19 |
Downside Target | 8.36 |
Downside Target | 8.88 |
Upside Target | 9.28 |
Upside Target | 9.40 |
Upside Target | 9.49 |
Upside Target | 9.58 |
Intraday share price targets for Tencent Music (TME)
Target Type | Value |
Downside Intraday Target | 9.09 |
Downside Intraday Target | 8.93 |
Upside Intraday Target | 9.41 |
Upside Intraday Target | 9.57 |
Downside Intraday Target | 9.25 |
Weekly technical analysis of Tencent Music (TME)
Date | Weekly Closing Price | Open | High | Low | Volume |
05 Mon Feb 2024 | 9.26 | 9.31 | 9.40 | 9.08 | 0.181 times |
02 Fri Feb 2024 | 9.06 | 9.00 | 9.49 | 8.88 | 0.959 times |
26 Fri Jan 2024 | 9.02 | 8.29 | 9.18 | 8.19 | 0.934 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 |
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 |
05 Mon Feb 2024 | 9.26 | 9.43 | 9.49 | 9.00 | 0.095 times |
31 Wed Jan 2024 | 9.40 | 8.82 | 9.58 | 8.19 | 1.421 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 |
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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Tencent Music in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Tencent Music Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 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 9.07 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 rising upwards.
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 is giving positive 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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Tencent Music in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Tencent Music Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 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 9.07 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 rising upwards.
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 is giving positive 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.