(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 2024-12-12 View latest technical analysis
10 day averaged volume of Tencent Music is 6730999
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Thu Dec 2024 | 12.07 | 11.87 | 12.37 | 11.81 | 0.935 times |
| 11 Wed Dec 2024 | 11.78 | 12.24 | 12.37 | 11.67 | 1.694 times |
| 10 Tue Dec 2024 | 12.50 | 12.87 | 12.94 | 12.38 | 1.066 times |
| 09 Mon Dec 2024 | 13.16 | 13.15 | 13.82 | 13.08 | 1.456 times |
| 05 Thu Dec 2024 | 12.28 | 12.20 | 12.34 | 12.17 | 0.02 times |
| 26 Tue Nov 2024 | 11.07 | 11.19 | 11.27 | 11.04 | 0.893 times |
| 26 Tue Nov 2024 | 11.07 | 11.19 | 11.27 | 11.04 | 0.893 times |
| 25 Mon Nov 2024 | 11.19 | 11.64 | 11.71 | 11.16 | 1.377 times |
| 22 Fri Nov 2024 | 11.53 | 11.26 | 11.57 | 11.17 | 0.69 times |
| 21 Thu Nov 2024 | 11.52 | 11.33 | 11.73 | 11.26 | 0.948 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 12.1 as stoploss in an intra day sell trade for a target of 11.52. However, stock will show a bullish move above 12.1.
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.41 |
| Downside Target | 10.07 |
| Downside Target | 10.90 |
| Downside Target | 11.67 |
| Downside Target | 11.77 |
| Upside Target | 12.11 |
| Upside Target | 12.34 |
| Upside Target | 13.82 |
| Upside Target | 13.83 |
| Upside Target | 14.05 |
| Upside Target | 14.20 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 11.22 |
| Downside Intraday Target | 10.37 |
| Upside Intraday Target | 13.37 |
| Upside Intraday Target | 14.67 |
| Upside Intraday Target | 12.52 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Thu Dec 2024 | 12.07 | 13.15 | 13.82 | 11.67 | 5.641 times |
| 05 Thu Dec 2024 | 12.28 | 11.19 | 12.34 | 11.04 | 0.402 times |
| 26 Tue Nov 2024 | 11.07 | 11.64 | 11.71 | 11.04 | 0.506 times |
| 22 Fri Nov 2024 | 11.53 | 11.10 | 11.73 | 10.90 | 0.571 times |
| 15 Fri Nov 2024 | 11.07 | 11.67 | 11.77 | 10.11 | 1.748 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 |
| 12 Thu Dec 2024 | 12.07 | 12.20 | 13.82 | 11.67 | 0.251 times |
| 26 Tue Nov 2024 | 11.07 | 11.25 | 12.11 | 10.11 | 0.785 times |
| 31 Thu Oct 2024 | 11.13 | 12.15 | 14.05 | 11.08 | 0.763 times |
| 30 Mon Sep 2024 | 12.05 | 10.28 | 13.83 | 9.41 | 0.929 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 neutral. A longer time frame might give a better analysis.
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 neutral. A longer time frame might give a better analysis.
Price action analysis of Tencent Music ( (TME) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Tencent Music stock for short term is BUY. Signal strength is Weak and stock is losing 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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below 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 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 11.84 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 neutral. A longer time frame might give a better analysis.
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 neutral. A longer time frame might give a better analysis.
Price action analysis of Tencent Music ( (TME) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Tencent Music stock for short term is BUY. Signal strength is Weak and stock is losing 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. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below 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 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 11.84 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.