(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 2025-01-02 View latest technical analysis
10 day averaged volume of Tencent Music is 4626283
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Thu Jan 2025 | 11.32 | 11.26 | 11.59 | 11.22 | 1.157 times |
| 31 Tue Dec 2024 | 11.35 | 11.32 | 11.49 | 11.28 | 0.51 times |
| 30 Mon Dec 2024 | 11.34 | 11.65 | 11.65 | 11.33 | 0.513 times |
| 27 Fri Dec 2024 | 11.72 | 11.98 | 12.03 | 11.70 | 0.881 times |
| 26 Thu Dec 2024 | 11.92 | 11.84 | 12.04 | 11.84 | 0.595 times |
| 24 Tue Dec 2024 | 11.89 | 11.83 | 11.99 | 11.75 | 0.437 times |
| 23 Mon Dec 2024 | 11.75 | 11.76 | 11.90 | 11.58 | 1.281 times |
| 20 Fri Dec 2024 | 11.95 | 11.69 | 12.03 | 11.65 | 1.094 times |
| 19 Thu Dec 2024 | 11.79 | 11.90 | 12.00 | 11.74 | 1.231 times |
| 18 Wed Dec 2024 | 11.77 | 11.70 | 11.91 | 11.65 | 1.216 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 11.79. 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 | 10.11 |
| Downside Target | 11.04 |
| Upside Target | 11.54 |
| Upside Target | 12.03 |
| Upside Target | 12.04 |
| Upside Target | 12.11 |
| Upside Target | 12.34 |
| Upside Target | 13.82 |
| Upside Target | 13.83 |
| Upside Target | 14.05 |
Intraday share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Intraday Target | 11.14 |
| Downside Intraday Target | 10.97 |
| Upside Intraday Target | 11.57 |
| Upside Intraday Target | 11.83 |
| Upside Intraday Target | 11.4 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Thu Jan 2025 | 11.32 | 11.65 | 11.65 | 11.22 | 0.683 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 |
| 02 Thu Jan 2025 | 11.32 | 11.26 | 11.59 | 11.22 | 0.054 times |
| 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 |
Scroll below to view daily charts
Price has moved down 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 SELL. Signal strength is Weak and stock is losing 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 coming down
CCI has generated a buy signal for Tencent Music in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 11.7 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.
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 SELL. Signal strength is Weak and stock is losing 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 coming down
CCI has generated a buy signal for Tencent Music in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 11.7 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.