Technical Analysis for TME - Tencent Music Entertainment Group
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
13.235 | -1.82% | -0.25 |
TME closed up 1.51 percent on Friday, October 11, 2019, on 1.88 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Up |
| See historical TME trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | -1.82% | |
| Lizard Bearish | Bearish Day Trade Setup | -1.82% | |
| Crossed Above 50 DMA | Bullish | -1.82% | |
| Pocket Pivot | Bullish Swing Setup | -1.82% | |
| Doji - Bearish? | Reversal | -1.82% | |
| Gapped Up | Strength | -1.82% | |
| Up 3 Days in a Row | Strength | -1.82% | |
| Crossed Above 20 DMA | Bullish | -0.34% | |
| MACD Bullish Signal Line Cross | Bullish | -0.34% | |
| 20 DMA Resistance | Bearish | 2.84% |
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Basic chart:
- Earnings date: 11/11/2019
- Sector: Technology
- Industry: Internet Content & Information
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.
World Wide Web Websites Tencent Music Services
World Wide Web Websites Tencent Music Services
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
See more TME news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 19.97 |
| 52 Week Low | 11.81 |
| Average Volume | 4,688,604 |
| 200-Day Moving Average | 15.1347 |
| 50-Day Moving Average | 13.468 |
| 20-Day Moving Average | 13.2245 |
| 10-Day Moving Average | 12.942 |
| Average True Range | 0.4629 |
| ADX | 18.78 |
| +DI | 28.2434 |
| -DI | 20.2336 |
| Chandelier Exit (Long, 3 ATRs ) | 13.1013 |
| Chandelier Exit (Short, 3 ATRs ) | 13.7887 |
| Upper Bollinger Band | 14.1362 |
| Lower Bollinger Band | 12.3128 |
| Percent B (%b) | 0.64 |
| BandWidth | 13.788045 |
| MACD Line | -0.132 |
| MACD Signal Line | -0.1859 |
| MACD Histogram | 0.0539 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 14.31 | ||||
| Resistance 3 (R3) | 14.38 | 14.19 | 14.17 | ||
| Resistance 2 (R2) | 14.19 | 13.98 | 14.15 | 14.12 | |
| Resistance 1 (R1) | 13.83 | 13.85 | 13.74 | 13.76 | 14.08 |
| Pivot Point | 13.64 | 13.64 | 13.59 | 13.60 | 13.64 |
| Support 1 (S1) | 13.28 | 13.43 | 13.19 | 13.21 | 12.88 |
| Support 2 (S2) | 13.09 | 13.30 | 13.05 | 12.84 | |
| Support 3 (S3) | 12.73 | 13.09 | 12.79 | ||
| Support 4 (S4) | 12.66 |
