(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 2024-10-01 View latest technical analysis
10 day averaged volume of Tencent Music is 15563830
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Tue Oct 2024 | 12.75 | 12.15 | 12.80 | 12.07 | 0.643 times |
| 30 Mon Sep 2024 | 12.05 | 12.71 | 12.84 | 11.91 | 1.083 times |
| 27 Fri Sep 2024 | 12.28 | 12.64 | 12.99 | 12.23 | 1.079 times |
| 26 Thu Sep 2024 | 12.27 | 12.58 | 13.83 | 12.01 | 1.877 times |
| 25 Wed Sep 2024 | 11.28 | 11.37 | 11.59 | 11.27 | 1.304 times |
| 24 Tue Sep 2024 | 11.85 | 11.51 | 12.01 | 11.10 | 1.961 times |
| 23 Mon Sep 2024 | 10.18 | 9.96 | 10.42 | 9.79 | 0.53 times |
| 20 Fri Sep 2024 | 9.86 | 10.00 | 10.06 | 9.80 | 0.751 times |
| 19 Thu Sep 2024 | 9.93 | 9.67 | 10.09 | 9.66 | 0.736 times |
| 18 Wed Sep 2024 | 9.46 | 9.48 | 9.55 | 9.41 | 0.346 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 12.9, for a target of 11.6 or 10.53
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.41 |
| Downside Target | 9.79 |
| Downside Target | 10.07 |
| Downside Target | 10.54 |
| Downside Target | 11.91 |
| Upside Target | 12.80 |
| Upside Target | 13.55 |
| Upside Target | 13.81 |
| Upside Target | 13.83 |
| Upside Target | 14.20 |
| Upside Target | 15.05 |
| Upside Target | 15.53 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 12.16 |
| Downside Intraday Target | 11.57 |
| Upside Intraday Target | 13.09 |
| Upside Intraday Target | 13.43 |
| Downside Intraday Target | 12.5 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Tue Oct 2024 | 12.75 | 12.71 | 12.84 | 11.91 | 0.256 times |
| 27 Fri Sep 2024 | 12.28 | 9.96 | 13.83 | 9.79 | 2.696 times |
| 20 Fri Sep 2024 | 9.86 | 9.59 | 10.09 | 9.41 | 0.833 times |
| 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 |
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 |
| 01 Tue Oct 2024 | 12.75 | 12.15 | 12.80 | 12.07 | 0.043 times |
| 30 Mon Sep 2024 | 12.05 | 10.28 | 13.83 | 9.41 | 0.929 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 |
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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
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 11.53 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
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 11.53 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.