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(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 2024-12-16 View latest technical analysis

10 day averaged volume of Tencent Music is 7039991

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	11.30	11.71	11.83	11.27	1.284 times
13 Fri Dec 2024	11.98	11.90	12.06	11.54	1.372 times
12 Thu Dec 2024	12.07	11.87	12.37	11.81	0.894 times
11 Wed Dec 2024	11.78	12.24	12.37	11.67	1.62 times
10 Tue Dec 2024	12.50	12.87	12.94	12.38	1.019 times
09 Mon Dec 2024	13.16	13.15	13.82	13.08	1.392 times
05 Thu Dec 2024	12.28	12.20	12.34	12.17	0.019 times
26 Tue Nov 2024	11.07	11.19	11.27	11.04	0.854 times
26 Tue Nov 2024	11.07	11.19	11.27	11.04	0.854 times
25 Mon Nov 2024	11.19	11.64	11.71	11.16	1.317 times

My analysis of stock is bearish for shortterm, and stock might move down till 10.9 or till 10.2. Use a stoploss of 11.53 and if the stock hits stoploss, then it can shoot up till 12.13

Share price targets for Tencent Music (TME)

Target Type	Value
Downside Target	9.41
Downside Target	10.07
Downside Target	10.90
Upside Target	11.54
Upside Target	11.83
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	11.1
Downside Intraday Target	10.91
Upside Intraday Target	11.66
Upside Intraday Target	12.03
Upside Intraday Target	11.47

Weekly technical analysis of Tencent Music (TME)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	11.30	11.71	11.83	11.27	0.204 times
13 Fri Dec 2024	11.98	13.15	13.82	11.54	7.213 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

Price has moved down 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
16 Mon Dec 2024	11.30	12.20	13.82	11.27	0.386 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Tencent Music in short term and the buy signal is strong.

Tencent Music Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 coming down

CCI has generated a SELL signal for Tencent Music in short term and SELL 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 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.