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Tencent Music Entertainment Group (TME)
NYSE:TME

Tencent Music Entertainment Group (TME) Technical Analysis

1,363 Followers

Technical Sentiment

Overall Consensus
Buy
13Bullish
6Neutral
3Bearish
Technical Analysis Consensus
Buy
3Bullish
6Neutral
1Bearish
Moving Average Consensus
Strong Buy
10Bullish
0Neutral
2Bearish
Tencent Music Entertainment Group’s (TME) Moving Averages Convergence Divergence (MACD) indicator is 0.22, suggesting Tencent Music Entertainment Group is a Sell.
Tencent Music Entertainment Group’s (TME) 20-Day exponential moving average is 14.63, while Tencent Music Entertainment Group’s (TME) share price is $14.86, making it a Buy.
Tencent Music Entertainment Group’s (TME) 50-Day exponential moving average is 14.06, while Tencent Music Entertainment Group’s (TME) share price is $14.86, making it a Buy.

Tencent Music Entertainment Group (TME) Pivot Points

Jul 21, 2024, 01:35 AM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
14.59
14.78
14.95
15.14
15.31
15.50
15.67
Fibonacci
14.78
14.91
15.00
15.14
15.27
15.36
15.50
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 (TME) Moving Averages

Jul 21, 2024, 01:35 AM
Period
Simple
Exponential
MA5
15.06Sell
14.94Sell
MA10
14.81Buy
14.81Buy
MA20
14.52Buy
14.63Buy
MA50
14.40Buy
14.06Buy
MA100
12.72Buy
12.88Buy
MA200
10.43Buy
10.80Buy
Tencent Music Entertainment Group’s (TME) 10-Day exponential moving average is 14.81, while Tencent Music Entertainment Group’s (TME) share price is $14.86, making it a Buy.
Tencent Music Entertainment Group’s (TME) 100-Day exponential moving average is 12.88, while Tencent Music Entertainment Group’s (TME) share price is $14.86, making it a Buy.
Tencent Music Entertainment Group’s (TME) stock price is $14.86 and Tencent Music Entertainment Group’s (TME) 50-day simple moving average is 14.40, creating a Buy signal.
Tencent Music Entertainment Group’s (TME) stock price is $14.86 and Tencent Music Entertainment Group’s (TME) 100-day simple moving average is 12.72, creating a Buy signal.
Tencent Music Entertainment Group’s (TME) stock price is $14.86 and Tencent Music Entertainment Group’s (TME) 200-day simple moving average is 10.43, creating a Buy signal.

Tencent Music Entertainment Group (TME) Technical Indicators

Jul 21, 2024, 01:35 AM
Name
Value
Implied Action
RSI (14)
55.11
Neutral
STOCH (9,6)
64.11
Neutral
STOCHRSI (14)
67.63
Neutral
MACD (12,26)
0.22
Sell
ADX (14)
21.76
Neutral
Williams %R
-41.23
Buy
CCI (14)
81.24
Neutral
ATR (14)
0.48
-
Ultimate Oscillator
50.72
Neutral
ROC
4.06
Buy
Tencent Music Entertainment Group’s (TME) Relative Strength Index (RSI) is 55.11, creating a Neutral signal.
Tencent Music Entertainment Group’s (TME) Trend Strength Indicator (ADX) is 21.76, creating a Neutral signal.
Tencent Music Entertainment Group’s (TME) Commodity Channel Index (CCI) is 81.24, creating a Neutral signal.
Tencent Music Entertainment Group’s (TME) Price Rate of Change (ROC) is 4.06, creating a Buy signal.

FAQ

Is TME a Buy, Hold, or Sell?
Based on TME’s technical indicators, TME is a Buy.
    What is TME’s RSI (14)?
    TME’s RSI (14) is 55.11, which suggests TME is a Neutral.
      What is TME’s MACD?
      TME’s MACD is 0.22, which suggests TME is a Sell.
        What is TME’s 5-day moving average?
        TME’s 5-day moving average is 15.06, which suggests TME is a Sell.
          What is TME’s 20-day moving average?
          TME 20-day moving average is 14.52, which suggests TME is a Buy.
            What is TME’s 50-day moving average?
            TME’s 50-day moving average is 14.40, which suggests TME is a Buy.
              What is TME’s 200-day moving average?
              TME’s 200-day moving average is 10.43, which suggests TME is a Buy.
                What is TME’s Williams % R (14)?
                TME’s Williams % R (14) is -41.23, which suggests TME is a Buy.
                  What is TME’s CCI (14)?
                  TME’s CCI (14) is 81.24, which suggests TME is a Neutral.
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