Tencent Music (TME) Technical (Analysis) Reports Tencent Music ["Technical Analysis"] Reports -USA Stock Exchange MunafaSutra.com
Complete & easy to understand technical analysis of Tencent Music (TME)
Technical Analysis Report for USA stock TME Tencent Music. Dated: 22 Nov 2024 Updated Daily. Stock trades under Consumer Services Deals in Broadcasting in USA stock exchange
If you are looking for Tomorrow's Movement Predictions for USA stock TME Tencent Music then click here. or read Experts views on Tencent Music or Forecast & share price targets of Tencent Music
Tencent Music Opened at 11.26 and Closed at: 11.53, which is 0.09% of previous session's close. It moved within a range of 11.17 and 11.57
The session was a Bullish session with an average volume of 4641500, which is -37.5% of previous session's volumes.
- The stock has shown an up move, and its mid term trend is also positive and in an uptrend.
A Dead cross was found 9 days back on mid term averages
Support for tomorrow is 11.35 and resistance for tomorrow is 11.75
These support and resistance points are valid for the first 5-15 minutes charts
Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.
Support for tomorrow's hourly charts is 11.28, 11.02 resistance for tomorrow's hourly charts is 11.68, 11.82
10 Day SMA for Tencent Music (TME) is 11.22 and stock is trading above these levels. This is a good sign for its short term trend
20 Day SMA for Tencent Music (TME) is 11.35 and the stock is trading above these levels. This is a good sign for its mid term trend
50 Day SMA for Tencent Music (TME) is 11.62 and the stock is trading below these levels. This is not a good sign for its mid to long term trend
100 Day SMA is 11.94 and the stock is trading below these levels. This is not a good sign for its long term trend
200 Day SMA Tencent Music is 12.29 and stock is trading below these levels. This is not a good sign for its long term trend
20 DMA of Tencent Music is at 11.35 and 200 DMA is at 12.29, while 50 DMA and 100 DMA are at 11.62 and 11.94 respectively
Tencent Music (TME) moving average of 20 SMA is at 11.35 and 20 EMA is at 11.41
| Date | Closing Price | 20 SMA | 20 EMA |
| 22 Fri Nov | 11.53 | 11.35 | 11.41 |
| 21 Thu Nov | 11.52 | 11.35 | 11.4 |
| 20 Wed Nov | 11.44 | 11.34 | 11.39 |
| 19 Tue Nov | 11.15 | 11.35 | 11.38 |
| 18 Mon Nov | 11.49 | 11.38 | 11.4 |
| 15 Fri Nov | 11.07 | 11.4 | 11.39 |
Tencent Music (TME) moving average of 50 SMA is at 11.62 and 50 EMA is at 11.56
| Date | Closing Price | 50 SMA | 50 EMA |
| 22 Fri Nov | 11.53 | 11.62 | 11.56 |
| 21 Thu Nov | 11.52 | 11.58 | 11.56 |
| 20 Wed Nov | 11.44 | 11.54 | 11.56 |
| 19 Tue Nov | 11.15 | 11.51 | 11.57 |
| 18 Mon Nov | 11.49 | 11.48 | 11.59 |
| 15 Fri Nov | 11.07 | 11.45 | 11.59 |
Tencent Music (TME) moving average of 100 SMA is at 11.94 and 100 EMA is at 11.82
| Date | Closing Price | 100 SMA | 100 EMA |
| 22 Fri Nov | 11.53 | 11.94 | 11.82 |
| 21 Thu Nov | 11.52 | 11.97 | 11.83 |
| 20 Wed Nov | 11.44 | 12 | 11.84 |
| 19 Tue Nov | 11.15 | 12.03 | 11.85 |
| 18 Mon Nov | 11.49 | 12.07 | 11.86 |
| 15 Fri Nov | 11.07 | 12.1 | 11.87 |
Tencent Music (TME) moving average of 200 SMA is at 12.29 and 200 EMA is at 11.55
| Date | Closing Price | 200 SMA | 200 EMA |
| 22 Fri Nov | 11.53 | 12.29 | 11.55 |
| 21 Thu Nov | 11.52 | 12.28 | 11.55 |
| 20 Wed Nov | 11.44 | 12.28 | 11.55 |
| 19 Tue Nov | 11.15 | 12.27 | 11.55 |
| 18 Mon Nov | 11.49 | 12.26 | 11.55 |
| 15 Fri Nov | 11.07 | 12.25 | 11.55 |
Tencent Music has performed better than Qvc Inc in short term. Holding Tencent Music could be a better choice for now!
Tencent Music has performed better than National Retail in short term. Holding Tencent Music could be a better choice for now!
Kirby Corporation has performed better than Tencent Music in short term. You could have earned much better returns by investing in Kirby Corporation, about 5.44% more returns!
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Wheeler Real has performed better than Tencent Music in short term. You could have earned much better returns by investing in Wheeler Real, about 1.06% more returns!
Tencent Music has performed better than Wendy S in short term. Holding Tencent Music could be a better choice for now!
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New York has performed better than Tencent Music in short term. You could have earned much better returns by investing in New York, about 0.23% more returns!
Tencent Music has performed better than Five Below in short term. Holding Tencent Music could be a better choice for now!
Englobal Corporation has performed better than Tencent Music in short term. You could have earned much better returns by investing in Englobal Corporation, about 1.17% more returns!
Daily Journal has performed better than Tencent Music in short term. You could have earned much better returns by investing in Daily Journal, about 19.14% more returns!
Tencent Music has performed better than Cracker Barrel in short term. Holding Tencent Music could be a better choice for now!
Beacon Roofing has performed better than Tencent Music in short term. You could have earned much better returns by investing in Beacon Roofing, about 20.89% more returns!
Tencent Music Technical analysis of indicators
Price action analysis of Tencent Music (TME) based on a short term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Tencent Music stock for short term is BUY. Signal strength is Weak and stock is losing 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 SELL signal for Tencent Music in short term but SELL signal is weak.
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 11.15 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 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 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.
Tomorrow's Predictions
You should also read Tomorrow's Movement Predictions for USA stock TME Tencent Music These predictions are based on various factors, are easy to understand, and upto 75% accurate!
And TME Experts View which covers a lot of information including buying and selling signals
TME future forecast & share price targets
You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Tencent Music or View Candle Stick Charts here
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