(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 2024-12-05 View latest technical analysis
10 day averaged volume of Tencent Music is 7386640
| Date | Daily Closing Price | Open | High | Low | Volume |
| 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 | 0.814 times |
| 26 Tue Nov 2024 | 11.07 | 11.19 | 11.27 | 11.04 | 0.814 times |
| 25 Mon Nov 2024 | 11.19 | 11.64 | 11.71 | 11.16 | 1.255 times |
| 22 Fri Nov 2024 | 11.53 | 11.26 | 11.57 | 11.17 | 0.628 times |
| 21 Thu Nov 2024 | 11.52 | 11.33 | 11.73 | 11.26 | 0.864 times |
| 20 Wed Nov 2024 | 11.44 | 11.25 | 11.50 | 11.22 | 0.878 times |
| 19 Tue Nov 2024 | 11.15 | 11.33 | 11.47 | 11.10 | 0.592 times |
| 18 Mon Nov 2024 | 11.49 | 11.10 | 11.64 | 10.90 | 1.13 times |
| 15 Fri Nov 2024 | 11.07 | 10.88 | 11.25 | 10.88 | 1.238 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 12.1, for a target of 11.7 or 11.33
Share price targets for Tencent Music (TME)
| Target Type | Value |
| Downside Target | 9.41 |
| Downside Target | 10.07 |
| Downside Target | 10.90 |
| Downside Target | 11.71 |
| Downside Target | 12.11 |
| Downside Target | 12.17 |
| Upside Target | 12.34 |
| 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 | 11.43 |
| Downside Intraday Target | 10.59 |
| Upside Intraday Target | 12.73 |
| Upside Intraday Target | 13.19 |
| Downside Intraday Target | 11.89 |
Weekly technical analysis of Tencent Music (TME)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 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 |
| 15 Fri Nov 2024 | 11.07 | 11.67 | 11.77 | 10.11 | 1.748 times |
| 08 Fri Nov 2024 | 11.39 | 11.26 | 12.11 | 11.17 | 1.26 times |
Price has moved up 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 |
| 05 Thu Dec 2024 | 12.28 | 12.20 | 12.34 | 12.17 | 0.001 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Tencent Music ( (TME) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Tencent Music stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Tencent Music in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Tencent Music Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Tencent Music in short term and BUY signal is strong.
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 11.28 and Tencent Music (TME) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Tencent Music ( (TME) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Tencent Music stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Tencent Music in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Tencent Music Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Tencent Music in short term and BUY signal is strong.
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 11.28 and Tencent Music (TME) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.