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Tencent Music Entertainment Group

TME Technical Analysis Summary (NYSE)

Analyze TME on the NYSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

TME●NYSE
Communication ServicesInternet Content & Information
$7.96
$0.41(4.90%)
U.S. Market opens in 14h 20m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

TME Technical Analysis Summary (NYSE)

Tencent Music Entertainment Group (NYSE: TME) stock currently shows a neutral trend on the NYSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 41.00)
Trend Strength:Weak (ADX: 15.50)
Volatility:Medium (ATR: 0.25)
Support/Resistance:$7.68 – $8.52 (Bollinger Bands)

Technical conditions suggest Tencent Music Entertainment Group on the NYSE is awaiting a decisive move. Technical conditions suggest Tencent Music Entertainment Group is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 41.00

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 68.90

Bullish
Buying momentum building without extremes.

Williams %R: -67.72

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): 0.82

Neutral
Price change is minimal.

Takeaway:Tencent Music Entertainment Group shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.11

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 15.50

Weak
Weak trend, market trading sideways.

ATR (14): 0.25

Low
Low volatility, stable price action.

CCI (14): -9.36

Neutral
Neutral, no strong directional signal.

Takeaway:Tencent Music Entertainment Group shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$8.52
Middle Band (SMA 20)
$8.10
Lower Band
$7.68
Current Position
Within Bands

Takeaway:Tencent Music Entertainment Group trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$8.71
Middle Line (EMA 20)
$8.22
Lower Channel
$7.73
Squeeze Status
Squeeze On

Takeaway:Tencent Music Entertainment Group trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume11.30M
Money Flow Index49.09Neutral, balanced money flows with no clear signal.
Relative Vigor Index41.88Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:TME shows balanced money flow with a slight bearish tilt.

Technical Trading Signals Summary
Based on the current technical analysis of Tencent Music Entertainment Group (NYSE: TME), here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Tencent Music Entertainment Group are mixed, suggesting a Hold or wait-and-see approach.

(NYSE: TME) Technical Analysis FAQ