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Tencent Music Entertainment Group

TME Technical Analysis Summary (NYSE)

Analyze TME on the NYSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

TME●NYSE
Communication ServicesInternet Content & Information
$8.74
$0.08(0.92%)
U.S. Market opens in NaNh NaNm

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

TME Technical Analysis Summary (NYSE)

Tencent Music Entertainment Group (NYSE: TME) stock currently shows a neutral trend on the NYSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 44.59)
Trend Strength:Weak (ADX: 12.83)
Volatility:Medium (ATR: 0.34)
Support/Resistance:$8.27 – $10.00 (Bollinger Bands)

Technical conditions suggest Tencent Music Entertainment Group on the NYSE is awaiting a decisive move. This mix signals that Tencent Music Entertainment Group is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 44.59

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 30.52

Bearish
Momentum remains weak below midpoint.

Williams %R: -68.90

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -8.24

Strongly Bearish
Sharp downside momentum.

Takeaway:Tencent Music Entertainment Group shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.10

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 12.83

Weak
Weak trend, market trading sideways.

ATR (14): 0.34

Low
Low volatility, stable price action.

CCI (14): -47.23

Bearish
Bearish, momentum remains under pressure.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$10.00
Middle Band (SMA 20)
$9.14
Lower Band
$8.27
Current Position
Within Bands

Takeaway:Tencent Music Entertainment Group trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$9.65
Middle Line (EMA 20)
$8.96
Lower Channel
$8.28
Squeeze Status
No Squeeze

Takeaway:Tencent Music Entertainment Group trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume12.77M
Money Flow Index52.45Neutral, balanced money flows with no clear signal.
Relative Vigor Index48.12Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:TME shows balanced money flow with a slight bullish bias.

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

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

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

(NYSE: TME) Technical Analysis FAQ