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Tencent Music Entertainment Group

Tencent Music Entertainment Group (1698.HK) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Tencent Music Entertainment Group.

1698.HK●HKSE
Communication ServicesInternet Content & Information
HK$35.74
HK$0.46(1.27%)
Hong Kong Market is Open · 12:49

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

1698.HK Technical Analysis Summary

Tencent Music Entertainment Group stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 60.28)
Trend Strength:Weak (ADX: 14.11)
Volatility:Medium (ATR: 1.20)
Support/Resistance:$31.40 – $36.75 (Bollinger Bands)

This mix signals that Tencent Music Entertainment Group is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 60.28

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 88.59

Bearish
Overbought levels may trigger pullback.

Williams %R: -8.11

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 16.27

Strongly Bullish
Strong upside momentum.

Takeaway:Tencent Music Entertainment Group shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.20

Bullish
Bullish, trend momentum is strengthening.

ADX: 14.11

Weak
Weak trend, market trading sideways.

ATR (14): 1.20

Low
Low volatility, stable price action.

CCI (14): 203.74

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Tencent Music Entertainment Group shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$36.75
Middle Band (SMA 20)
$34.08
Lower Band
$31.40
Current Position
Within Bands

Takeaway:Tencent Music Entertainment Group trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$37.22
Middle Line (EMA 20)
$34.83
Lower Channel
$32.44
Squeeze Status
No Squeeze

Takeaway:Tencent Music Entertainment Group trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-1.34M
Money Flow Index85.19Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index59.40Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:1698.HK shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Tencent Music Entertainment Group, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:Technical indicators for Tencent Music Entertainment Group are mixed, suggesting a Hold or wait-and-see approach.

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