Technical Analysis for TME - Tencent Music Entertainment Group

Grade Last Price % Change Price Change
B 10.38 0.48% 0.05
TME closed up 0.48 percent on Monday, March 18, 2024, on approximately normal volume.
Earnings due: Mar 19
*** please verify all earnings dates ***
4 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
Outside Day Range Expansion 0.00%
Gapped Up Strength 0.00%
NR7 Range Contraction 0.48%
Narrow Range Bar Range Contraction 0.48%
Inside Day Range Contraction 0.48%
Down 3 Days in a Row Weakness 0.48%
Bearish Engulfing Bearish -0.67%
MACD Bearish Signal Line Cross Bearish -0.67%
20 DMA Support Bullish -0.67%

   Recent Intraday Alerts

Alert Time
20 DMA Support about 13 hours ago
10 DMA Support about 13 hours ago
Fell Below 20 DMA about 13 hours ago
Fell Below 10 DMA about 13 hours ago
60 Minute Opening Range Breakdown about 13 hours ago

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Profile

Tencent Music Entertainment Group Description

Tencent Music Entertainment Group operates an online music entertainment platform that provides online music and music-centric social entertainment services in China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Live and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance. In addition, it sells music-related merchandise, including Kugou M1 headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is based in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.


Classification

Sector: Technology
Industry: Internet Content & Information
Keywords: Website Entertainment Services Microphone Smart Device Karaoke Music Services Smart Speakers Tencent Ticketing Services

Is TME a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 10.89
52 Week Low 5.7
Average Volume 8,994,316
200-Day Moving Average 7.89
50-Day Moving Average 9.65
20-Day Moving Average 10.27
10-Day Moving Average 10.27
Average True Range 0.42
RSI (14) 55.36
ADX 24.58
+DI 29.02
-DI 22.19
Chandelier Exit (Long, 3 ATRs) 9.63
Chandelier Exit (Short, 3 ATRs) 10.41
Upper Bollinger Bands 10.85
Lower Bollinger Band 9.68
Percent B (%b) 0.6
BandWidth 11.42
MACD Line 0.21
MACD Signal Line 0.24
MACD Histogram -0.0216
Fundamentals Value
Market Cap 17.81 Billion
Num Shares 1.72 Billion
EPS 0.42
Price-to-Earnings (P/E) Ratio 24.71
Price-to-Sales 0.59
Price-to-Book 2.19
PEG Ratio 1.48
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.94
Resistance 3 (R3) 10.95 10.77 10.84
Resistance 2 (R2) 10.77 10.63 10.77 10.81
Resistance 1 (R1) 10.58 10.54 10.49 10.57 10.78
Pivot Point 10.40 10.40 10.36 10.40 10.40
Support 1 (S1) 10.21 10.26 10.12 10.20 9.98
Support 2 (S2) 10.03 10.17 10.03 9.95
Support 3 (S3) 9.84 10.03 9.92
Support 4 (S4) 9.83