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Tencent Music Entertainment Group Class A (HK:1698)
HKEX:1698
Hong Kong Market

Tencent Music Entertainment Group Class A (1698) Technical Analysis

2 Followers

Summary of all the Indicators

Overall Consensus
Neutral
8Bullish
5Neutral
9Bearish
Technical Analysis Consensus
Buy
4Bullish
5Neutral
1Bearish
Moving Average Consensus
Sell
4Bullish
0Neutral
8Bearish
Tencent Music Entertainment Group Class A’s (1698) Moving Averages Convergence Divergence (MACD) indicator is 0.34, suggesting Tencent Music Entertainment Group Class A is a Buy.
Tencent Music Entertainment Group Class A’s (1698) 20-Day exponential moving average is 56.98, while Tencent Music Entertainment Group Class A’s (1698) share price is HK$55, making it a Sell.
Tencent Music Entertainment Group Class A’s (1698) 50-Day exponential moving average is 55.21, while Tencent Music Entertainment Group Class A’s (1698) share price is HK$55, making it a Sell.

Tencent Music Entertainment Group Class A (1698) Pivot Points

Jul 22, 2024, 09:28 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
54.48
55.47
56.48
57.47
58.48
59.47
60.48
Fibonacci
55.47
56.23
56.70
57.47
58.23
58.70
59.47
Pivot points are a technical analysis tool used by traders to identify potential support and resistance levels in financial markets. Pivot points are calculated based on the previous day's high, low, and close prices, and are used to help traders identify levels at which the price may reverse or continue to trend.

Tencent Music Entertainment Group Class A (1698) Moving Averages

Jul 22, 2024, 09:28 PM
Period
Simple
Exponential
MA5
57.15Sell
56.82Sell
MA10
57.48Sell
57.12Sell
MA20
56.67Sell
56.98Sell
MA50
56.79Sell
55.21Sell
MA100
50.43Buy
50.76Buy
MA200
40.94Buy
42.30Buy
Tencent Music Entertainment Group Class A’s (1698) 10-Day exponential moving average is 57.12, while Tencent Music Entertainment Group Class A’s (1698) share price is HK$55, making it a Sell.
Tencent Music Entertainment Group Class A’s (1698) 100-Day exponential moving average is 50.76, while Tencent Music Entertainment Group Class A’s (1698) share price is HK$55, making it a Buy.
Tencent Music Entertainment Group Class A’s (1698) stock price is HK$55 and Tencent Music Entertainment Group Class A’s (1698) 50-day simple moving average is 56.79, creating a Sell signal.
Tencent Music Entertainment Group Class A’s (1698) stock price is HK$55 and Tencent Music Entertainment Group Class A’s (1698) 100-day simple moving average is 50.43, creating a Buy signal.
Tencent Music Entertainment Group Class A’s (1698) stock price is HK$55 and Tencent Music Entertainment Group Class A’s (1698) 200-day simple moving average is 40.94, creating a Buy signal.

Tencent Music Entertainment Group Class A (1698) Technical Indicators

Jul 22, 2024, 09:28 PM
Name
Value
Implied Action
RSI (14)
43.76
Neutral
STOCH (9,6)
40.43
Neutral
STOCHRSI (14)
50.83
Neutral
MACD (12,26)
0.34
Buy
ADX (14)
16.19
Buy
Williams %R
-77.87
Buy
CCI (14)
-93.32
Neutral
ATR (14)
1.89
-
Ultimate Oscillator
40.75
Neutral
ROC
1.10
Buy
Tencent Music Entertainment Group Class A’s (1698) Relative Strength Index (RSI) is 43.76, creating a Neutral signal.
Tencent Music Entertainment Group Class A’s (1698) Trend Strength Indicator (ADX) is 16.19, creating a Buy signal.
Tencent Music Entertainment Group Class A’s (1698) Commodity Channel Index (CCI) is -93.32, creating a Neutral signal.
Tencent Music Entertainment Group Class A’s (1698) Price Rate of Change (ROC) is 1.10, creating a Buy signal.

FAQ

Is 1698 a Buy, Hold, or Sell?
Based on 1698’s technical indicators, 1698 is a Hold.
    What is 1698’s RSI (14)?
    1698’s RSI (14) is 43.76, which suggests 1698 is a Neutral.
      What is 1698’s MACD?
      1698’s MACD is 0.34, which suggests 1698 is a Buy.
        What is 1698’s 5-day moving average?
        1698’s 5-day moving average is 57.15, which suggests 1698 is a Sell.
          What is 1698’s 20-day moving average?
          1698 20-day moving average is 56.67, which suggests 1698 is a Sell.
            What is 1698’s 50-day moving average?
            1698’s 50-day moving average is 56.79, which suggests 1698 is a Sell.
              What is 1698’s 200-day moving average?
              1698’s 200-day moving average is 40.94, which suggests 1698 is a Buy.
                What is 1698’s Williams % R (14)?
                1698’s Williams % R (14) is -77.87, which suggests 1698 is a Buy.
                  What is 1698’s CCI (14)?
                  1698’s CCI (14) is -93.32, which suggests 1698 is a Neutral.
                    What is the share price of Tencent Music Entertainment Group Class A?
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