Technical Analysis for TME - Tencent Music Entertainment Group

Grade Last Price % Change Price Change
grade C 16.02 -3.32% -0.55
TME closed down 3.32 percent on Friday, August 7, 2020, on 71 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: Aug 10
*** please verify all earnings dates ***

Trend Table & Recent Signals

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

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Bollinger Band Squeeze Range Contraction -3.32%
Stochastic Reached Overbought Strength -3.32%
BB Squeeze Started Range Contraction -3.32%
Overbought Stochastic Strength -3.32%
Up 3 Days in a Row Strength -3.32%
Crossed Above 20 DMA Bullish -2.91%
20 DMA Resistance Bearish -0.19%

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Profile

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

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 17.97
52 Week Low 9.22
Average Volume 12,180,223
200-Day Moving Average 12.77
50-Day Moving Average 14.57
20-Day Moving Average 16.04
10-Day Moving Average 16.05
Average True Range 0.59
ADX 25.27
+DI 29.51
-DI 21.76
Chandelier Exit (Long, 3 ATRs ) 16.20
Chandelier Exit (Short, 3 ATRs ) 16.91
Upper Bollinger Band 16.59
Lower Bollinger Band 15.48
Percent B (%b) 0.48
BandWidth 6.89
MACD Line 0.42
MACD Signal Line 0.50
MACD Histogram -0.084
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.03
Resistance 3 (R3) 17.04 16.72 16.86
Resistance 2 (R2) 16.72 16.46 16.71 16.80
Resistance 1 (R1) 16.37 16.31 16.21 16.36 16.75
Pivot Point 16.05 16.05 15.97 16.04 16.05
Support 1 (S1) 15.70 15.79 15.54 15.69 15.29
Support 2 (S2) 15.38 15.64 15.37 15.24
Support 3 (S3) 15.03 15.38 15.18
Support 4 (S4) 15.02