Technical Analysis for TME - Tencent Music Entertainment Group
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
12.92 | 5.64% | 0.69 |
TME closed up 5.64 percent on Friday, May 29, 2020, on 5.53 times normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Historical TME trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 200 DMA | Bullish | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| Volume Surge | Other | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| 180 Bullish Setup | Bullish Swing Setup | 5.64% | |
| 200 DMA Resistance | Bearish | 8.12% | |
| Non-ADX 1,2,3,4 Bullish | Bullish Swing Setup | 8.12% | |
| Narrow Range Bar | Range Contraction | 8.12% | |
| NR7 | Range Contraction | 8.12% |
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Basic chart:
- Earnings date: 05/11/2020
- 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 |
| Indicator | Value |
|---|---|
| 52 Week High | 16.74 |
| 52 Week Low | 9.22 |
| Average Volume | 9,132,098 |
| 200-Day Moving Average | 12.46 |
| 50-Day Moving Average | 11.00 |
| 20-Day Moving Average | 11.65 |
| 10-Day Moving Average | 12.25 |
| Average True Range | 0.55 |
| ADX | 18.52 |
| +DI | 34.02 |
| -DI | 17.25 |
| Chandelier Exit (Long, 3 ATRs ) | 11.36 |
| Chandelier Exit (Short, 3 ATRs ) | 11.94 |
| Upper Bollinger Band | 13.12 |
| Lower Bollinger Band | 10.19 |
| Percent B (%b) | 0.93 |
| BandWidth | 25.08 |
| MACD Line | 0.39 |
| MACD Signal Line | 0.31 |
| MACD Histogram | 0.0754 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 14.06 | ||||
| Resistance 3 (R3) | 13.96 | 13.48 | 13.87 | ||
| Resistance 2 (R2) | 13.48 | 13.19 | 13.53 | 13.81 | |
| Resistance 1 (R1) | 13.20 | 13.01 | 13.34 | 13.30 | 13.74 |
| Pivot Point | 12.72 | 12.72 | 12.79 | 12.77 | 12.72 |
| Support 1 (S1) | 12.44 | 12.43 | 12.58 | 12.54 | 12.10 |
| Support 2 (S2) | 11.96 | 12.25 | 12.01 | 12.03 | |
| Support 3 (S3) | 11.68 | 11.96 | 11.97 | ||
| Support 4 (S4) | 11.78 |
