(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 2024-09-13 View latest technical analysis
10 day averaged volume of Tencent Music is 8147060
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Fri Sep 2024 | 9.51 | 9.73 | 9.73 | 9.43 | 0.818 times |
| 12 Thu Sep 2024 | 9.75 | 9.74 | 9.86 | 9.66 | 0.764 times |
| 11 Wed Sep 2024 | 9.75 | 9.69 | 9.77 | 9.55 | 1.351 times |
| 10 Tue Sep 2024 | 9.65 | 10.16 | 10.25 | 9.62 | 1.586 times |
| 09 Mon Sep 2024 | 10.15 | 10.13 | 10.31 | 9.88 | 1.227 times |
| 06 Fri Sep 2024 | 10.18 | 10.27 | 10.49 | 10.13 | 0.541 times |
| 05 Thu Sep 2024 | 10.32 | 10.44 | 10.54 | 10.27 | 0.958 times |
| 04 Wed Sep 2024 | 10.46 | 10.41 | 10.53 | 10.34 | 0.668 times |
| 03 Tue Sep 2024 | 10.35 | 10.28 | 10.50 | 10.25 | 0.792 times |
| 30 Fri Aug 2024 | 10.44 | 10.68 | 10.72 | 10.31 | 1.056 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 9.5, for a target of 9.9 or 10.25
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.43 |
| Upside Target | 10.07 |
| Upside Target | 10.54 |
| Upside Target | 11.03 |
| Upside Target | 12.36 |
| Upside Target | 13.55 |
| Upside Target | 13.81 |
| Upside Target | 14.20 |
| Upside Target | 15.05 |
| Upside Target | 15.53 |
| Upside Target | 15.77 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 9.19 |
| Downside Intraday Target | 8.87 |
| Upside Intraday Target | 10.07 |
| Upside Intraday Target | 10.63 |
| Upside Intraday Target | 9.75 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Fri Sep 2024 | 9.51 | 10.13 | 10.31 | 9.43 | 1.942 times |
| 06 Fri Sep 2024 | 10.18 | 10.28 | 10.54 | 10.13 | 2.801 times |
| 30 Fri Aug 2024 | 10.44 | 10.68 | 10.72 | 10.31 | 0.188 times |
| 30 Fri Aug 2024 | 10.44 | 10.15 | 11.03 | 10.07 | 0.895 times |
| 23 Fri Aug 2024 | 10.24 | 10.62 | 10.68 | 10.07 | 0.55 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Tencent Music (TME)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 13 Fri Sep 2024 | 9.51 | 10.28 | 10.54 | 9.43 | 0.284 times |
| 30 Fri Aug 2024 | 10.44 | 14.20 | 14.20 | 10.07 | 1.527 times |
| 31 Wed Jul 2024 | 14.18 | 14.17 | 15.53 | 13.81 | 1.116 times |
| 28 Fri Jun 2024 | 14.05 | 14.57 | 15.05 | 13.55 | 0.828 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 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 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 mid to longer 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.
ADX buy sell signal for Tencent Music stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Tencent Music in short term but the buy signal is initial and weak.
Tencent Music Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term but selling 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 10.02 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 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 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 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 mid to longer 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.
ADX buy sell signal for Tencent Music stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Tencent Music in short term but the buy signal is initial and weak.
Tencent Music Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term but selling 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 10.02 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.