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 12.3 or till 12.8. Use a stoploss of 11.78 and if this stock hits its stoploss, then it can fall down till 11.3

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: 11.86
  • 12Day Average: 11.87
  • 20Day Average: 11.79
  • 50Day Average: 11.69
  • 100Day Average: 11.46
  • 150Day Average: 12.48
  • 200Day Average: 12.43

TME Indicators & signals

Indicator MACD (12,26,9)

11.83, 11.75, 0.07
Indicator MACD is in positive zone

Indicator ADX (14)

3.7, 26.42, 24.53
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
26 Thu Dec 2024 11.92 11.84 to 12.04 0.25% 0.39 times
24 Tue Dec 2024 11.89 11.75 to 11.99 1.19% 0.28 times
23 Mon Dec 2024 11.75 11.58 to 11.90 -1.67% 0.83 times
20 Fri Dec 2024 11.95 11.65 to 12.03 1.36% 0.71 times
19 Thu Dec 2024 11.79 11.74 to 12.00 0.17% 0.8 times
18 Wed Dec 2024 11.77 11.65 to 11.91 -0.08% 0.79 times
17 Tue Dec 2024 11.78 11.31 to 11.91 4.25% 1.46 times
16 Mon Dec 2024 11.30 11.27 to 11.83 -5.68% 1.27 times
13 Fri Dec 2024 11.98 11.54 to 12.06 -0.75% 1.36 times
12 Thu Dec 2024 12.07 11.81 to 12.37 2.46% 0.89 times
11 Wed Dec 2024 11.78 11.67 to 12.37 -5.76% 1.6 times
10 Tue Dec 2024 12.50 12.38 to 12.94 -5.02% 1.01 times

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

 

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