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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 2024-12-31 View latest technical analysis

10 day averaged volume of Tencent Music is 5294425

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	11.35	11.32	11.49	11.28	0.445 times
30 Mon Dec 2024	11.34	11.65	11.65	11.33	0.448 times
27 Fri Dec 2024	11.72	11.98	12.03	11.70	0.77 times
26 Thu Dec 2024	11.92	11.84	12.04	11.84	0.52 times
24 Tue Dec 2024	11.89	11.83	11.99	11.75	0.382 times
23 Mon Dec 2024	11.75	11.76	11.90	11.58	1.119 times
20 Fri Dec 2024	11.95	11.69	12.03	11.65	0.956 times
19 Thu Dec 2024	11.79	11.90	12.00	11.74	1.076 times
18 Wed Dec 2024	11.77	11.70	11.91	11.65	1.063 times
17 Tue Dec 2024	11.78	11.44	11.91	11.31	1.959 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 11.3 as stoploss in an intra day buy trade for a target of 11.78. However, stock will show a bearish move below 11.3.

Share price targets for Tencent Music (TME)

Target Type	Value
Downside Target	9.41
Downside Target	10.07
Downside Target	11.04
Upside Target	11.54
Upside Target	12.03
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	11.2
Downside Intraday Target	11.06
Upside Intraday Target	11.57
Upside Intraday Target	11.8
Upside Intraday Target	11.43

Weekly technical analysis of Tencent Music (TME)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	11.35	11.65	11.65	11.28	0.32 times
27 Fri Dec 2024	11.72	11.76	12.04	11.58	0.413 times
20 Fri Dec 2024	11.95	11.71	12.03	11.27	0.808 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

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
31 Tue Dec 2024	11.35	12.20	13.82	11.27	0.719 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining momentum.

MACD generated a SELL signal for Tencent Music in short term and the sell 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 moving up

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 and selling is picking up 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 11.76 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.