Technical Analysis for TME - Tencent Music Entertainment Group

Grade Last Price % Change Price Change
B 25.9 -6.33% -1.75
TME closed down 6.33 percent on Thursday, March 4, 2021, on 2.42 times normal volume.
Earnings due: Mar 22
*** please verify all earnings dates ***

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down
Historical TME trend table...

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
New Downtrend Bearish 0.00%
Gapped Down Weakness 0.00%
Narrow Range Bar Range Contraction -6.33%
NR7 Range Contraction -6.33%
Doji - Bearish? Reversal -6.33%
Up 3 Days in a Row Strength -6.33%
New Uptrend Bullish -6.16%
Crossed Above 20 DMA Bullish -3.82%
Lower Bollinger Band Walk Weakness 0.70%
Older End-of-Day Signals for TME ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Down 10% about 6 hours ago
60 Minute Opening Range Breakdown about 7 hours ago
Fell Below 20 DMA about 9 hours ago
Fell Below 10 DMA about 9 hours ago
3x Volume Pace about 9 hours ago
View Earlier Intraday Alerts

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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: Entertainment Services Websites Microphone Songs Smart Device Tencent Music Services Smart Speakers 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 29.01
52 Week Low 9.22
Average Volume 10,852,197
200-Day Moving Average 17.40
50-Day Moving Average 24.22
20-Day Moving Average 26.42
10-Day Moving Average 26.35
Average True Range 1.51
ADX 29.54
+DI 23.55
-DI 31.55
Chandelier Exit (Long, 3 ATRs ) 24.47
Chandelier Exit (Short, 3 ATRs ) 26.75
Upper Bollinger Band 28.04
Lower Bollinger Band 24.79
Percent B (%b) 0.34
BandWidth 12.31
MACD Line 0.58
MACD Signal Line 0.74
MACD Histogram -0.1596
Fundamentals Value
Market Cap 43.45 Billion
Num Shares 1.68 Billion
EPS 0.32
Price-to-Earnings (P/E) Ratio 79.94
Price-to-Sales 6.56
Price-to-Book 3.73
PEG Ratio 1.80
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.13
Resistance 3 (R3) 29.14 28.07 28.59
Resistance 2 (R2) 28.07 27.25 28.07 28.41
Resistance 1 (R1) 26.99 26.74 26.45 26.98 28.23
Pivot Point 25.92 25.92 25.65 25.91 25.92
Support 1 (S1) 24.83 25.09 24.30 24.82 23.57
Support 2 (S2) 23.76 24.58 23.76 23.39
Support 3 (S3) 22.68 23.76 23.21
Support 4 (S4) 22.67