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TME NEWS why is Tencent Music Entertainment Group price falling or rising

TME NEWS reasons for why stock price of Tencent Music Entertainment Group is falling or rising

TME Tencent Music is falling or rising technical reasons

Technical analysis forecast of Tencent Music Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Tencent Music TME at this time. Stock is rising and might rise more.

It appears as if Tencent Music TME gave a large move recently.

Stock of Tencent Music (TME) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Tencent Music is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 8.7 as stoploss in an intra day sell trade for a target of 8.36. However, stock will show a bullish move above 8.7.

TME Tencent Music is falling or rising NEWS fundamental reasons

More announcements and NEWS

TME Tencent Music Entertainment Group current price & indicator signals

Moving Averages for Tencent Music Entertainment Group

  • 5Day Average: 8.58
  • 12Day Average: 8.44
  • 20Day Average: 8.26
  • 50Day Average: 8.32
  • 100Day Average: 8.65
  • 150Day Average: 8.87
  • 200Day Average: 10.46

TME Indicators & signals

Indicator MACD (12,26,9)

8.45, 8.35, 0.04
Indicator MACD is in positive zone

Indicator ADX (14)

0, 30.77, 30.77
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of TME Tencent Music Entertainment Group are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
22 Thu Oct 2026 8.60 8.30 to 8.68 1.9% 1 times
21 Wed Oct 2026 8.44 8.21 to 8.47 -1.4% 0.92 times
20 Tue Oct 2026 8.56 8.49 to 8.63 -1.38% 0.65 times
19 Mon Oct 2026 8.68 8.62 to 8.79 0.58% 0.52 times
16 Fri Oct 2026 8.63 8.59 to 8.75 -0.23% 0.87 times
15 Thu Oct 2026 8.65 8.34 to 8.68 2% 1.27 times
14 Wed Oct 2026 8.48 8.38 to 8.65 -0.24% 0.92 times
13 Tue Oct 2026 8.50 8.42 to 8.60 0.59% 1.25 times
12 Mon Oct 2026 8.45 8.20 to 8.45 0.84% 0.72 times
09 Fri Oct 2026 8.38 8.13 to 8.43 5.28% 1.96 times
08 Thu Oct 2026 7.96 7.86 to 7.96 -0.38% 0.92 times
07 Wed Oct 2026 7.99 7.85 to 8.02 0.76% 0.57 times

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TME NEWS why is Tencent Music Entertainment Group price falling or rising

 

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