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Tencent Music Entertainment Group

Tencent Music Entertainment Group (TME) Stock Technical Analysis & Trading Signals

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

TME●NYSE
Communication ServicesInternet Content & Information
$9.22
$0.45(5.07%)
U.S. Market is Open · 12:44

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

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

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 52.38)
Trend Strength:Weak (ADX: 14.96)
Volatility:Medium (ATR: 0.28)
Support/Resistance:$8.11 – $9.10 (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): 52.38

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 79.57

Bullish
Buying momentum building without extremes.

Williams %R: -20.00

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 8.31

Strongly Bullish
Strong upside momentum.

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

Trend & Volatility

MACD: -0.03

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 14.96

Weak
Weak trend, market trading sideways.

ATR (14): 0.28

Low
Low volatility, stable price action.

CCI (14): 87.48

Bullish
Bullish, momentum building upward.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$9.10
Middle Band (SMA 20)
$8.61
Lower Band
$8.11
Current Position
Above Upper Band

Takeaway:Tencent Music Entertainment Group trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$9.32
Middle Line (EMA 20)
$8.75
Lower Channel
$8.19
Squeeze Status
Squeeze On

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

Volume & Money Flow Analysis
On-Balance Volume5.95M
Money Flow Index63.74Bullish, inflows support continued momentum.
Relative Vigor Index51.71Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:TME 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.

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

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

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

Overall Recommendation:Tencent Music Entertainment Group shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

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