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, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Tencent Music is bullish for shortterm, and stock might move up till 11.7 or till 12.1. Use a stoploss of 11.41 and if this stock hits its stoploss, then it can fall down till 11.09

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: 11.43
  • 12Day Average: 11.28
  • 20Day Average: 11.35
  • 50Day Average: 11.62
  • 100Day Average: 11.94
  • 150Day Average: 12.72
  • 200Day Average: 12.29

TME Indicators & signals

Indicator MACD (12,26,9)

11.36, 11.45, -0.13
Indicator MACD is in negative zone

Indicator ADX (14)

3.23, 30.19, 28.3
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
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 Fri Nov 2024 11.53 11.17 to 11.57 0.09% 0.54 times
21 Thu Nov 2024 11.52 11.26 to 11.73 0.7% 0.74 times
20 Wed Nov 2024 11.44 11.22 to 11.50 2.6% 0.75 times
19 Tue Nov 2024 11.15 11.10 to 11.47 -2.96% 0.5 times
18 Mon Nov 2024 11.49 10.90 to 11.64 3.79% 0.96 times
15 Fri Nov 2024 11.07 10.88 to 11.25 2.41% 1.06 times
14 Thu Nov 2024 10.81 10.11 to 10.82 1.31% 1.52 times
13 Wed Nov 2024 10.67 10.37 to 10.99 -2.29% 0.99 times
12 Tue Nov 2024 10.92 10.36 to 11.10 -5.45% 1.58 times
11 Mon Nov 2024 11.55 11.51 to 11.77 1.4% 0.97 times
08 Fri Nov 2024 11.39 11.21 to 11.60 -3.31% 0.94 times
07 Thu Nov 2024 11.78 11.61 to 12.11 1.38% 0.76 times

Videos related to: TME NEWS why is Tencent Music Entertainment Group price falling or rising

Videos related to: TME NEWS why is Tencent Music Entertainment Group price falling or rising

Hindi Video The Truth Of Stock Markets That Everyone Is Hiding From You

Hindi Basics How To Trade In FnO Futures Options Stock Market

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

 

Back to top