(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 2024-12-18 View latest technical analysis
10 day averaged volume of Tencent Music is 7590189
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Wed Dec 2024 | 11.77 | 11.70 | 11.91 | 11.65 | 0.741 times |
| 17 Tue Dec 2024 | 11.78 | 11.44 | 11.91 | 11.31 | 1.367 times |
| 16 Mon Dec 2024 | 11.30 | 11.71 | 11.83 | 11.27 | 1.191 times |
| 13 Fri Dec 2024 | 11.98 | 11.90 | 12.06 | 11.54 | 1.272 times |
| 12 Thu Dec 2024 | 12.07 | 11.87 | 12.37 | 11.81 | 0.83 times |
| 11 Wed Dec 2024 | 11.78 | 12.24 | 12.37 | 11.67 | 1.502 times |
| 10 Tue Dec 2024 | 12.50 | 12.87 | 12.94 | 12.38 | 0.945 times |
| 09 Mon Dec 2024 | 13.16 | 13.15 | 13.82 | 13.08 | 1.291 times |
| 05 Thu Dec 2024 | 12.28 | 12.20 | 12.34 | 12.17 | 0.018 times |
| 26 Tue Nov 2024 | 11.07 | 11.19 | 11.27 | 11.04 | 0.792 times |
My analysis of stock is bullish for shortterm, and stock might move up till 12.2 or till 12.9. Use a stoploss of 11.58 and if this stock hits its stoploss, then it can fall down till 10.99
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.41 |
| Downside Target | 10.07 |
| Downside Target | 10.90 |
| Downside Target | 11.54 |
| Upside Target | 11.91 |
| 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 | 11.39 |
| Downside Intraday Target | 11.01 |
| Upside Intraday Target | 12.03 |
| Upside Intraday Target | 12.29 |
| Downside Intraday Target | 11.65 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Wed Dec 2024 | 11.77 | 11.71 | 11.91 | 11.27 | 0.565 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 |
| 18 Wed Dec 2024 | 11.77 | 12.20 | 13.82 | 11.27 | 0.501 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 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 BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Tencent Music in short term but the sell signal is initial and weak.
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 red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Tencent Music in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 11.96 and Tencent Music (TME) stock is trading below this level. This means that stock is falling with high volumes. 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 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 BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Tencent Music in short term but the sell signal is initial and weak.
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 red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Tencent Music in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 11.96 and Tencent Music (TME) stock is trading below this level. This means that stock is falling with high volumes. 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.