Technical Analysis for TME - Tencent Music Entertainment Group

Grade Last Price % Change Price Change
grade A 13.0 0.00% 0.00
TME closed up 4.67 percent on Wednesday, January 16, 2019, on 50 percent of normal volume.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent N/A N/A Up
See historical TME trend table...

Date Alert Name Type % Chg
Jan 16 Crossed Above 20 DMA Bullish 0.00%
Jan 16 Gapped Up Strength 0.00%
Jan 15 Hot IPO Pullback Bullish Swing Setup 4.67%
Jan 15 Spinning Top Other 4.67%
Jan 15 Narrow Range Bar Range Contraction 4.67%
Jan 15 Inside Day Range Contraction 4.67%
Jan 14 Fell Below 20 DMA Bearish 6.56%
Jan 14 Hot IPO Pullback Bullish Swing Setup 6.56%
Jan 11 Hot IPO Pullback Bullish Swing Setup 0.85%
Jan 11 Narrow Range Bar Range Contraction 0.85%

Older signals for TME ...

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Basic chart:

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.
Is TME a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 0 bearish and 4 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 14.75
52 Week Low 11.81
Average Volume 6,710,728
200-Day Moving Average 0.0
50-Day Moving Average 0.0
20-Day Moving Average 12.724
10-Day Moving Average 12.801
Average True Range 0.6581
ADX 0.0
+DI 23.7926
-DI 24.905
Chandelier Exit (Long, 3 ATRs ) 12.2557
Chandelier Exit (Short, 3 ATRs ) 13.7843
Upper Bollinger Band 13.6262
Lower Bollinger Band 11.8218
Percent B (%b) 0.65
BandWidth 14.181075
MACD Line -0.0038
MACD Signal Line 0.0333
MACD Histogram -0.0371
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.74
Resistance 3 (R3) 13.66 13.34 13.61
Resistance 2 (R2) 13.34 13.15 13.38 13.57
Resistance 1 (R1) 13.17 13.04 13.26 13.25 13.53
Pivot Point 12.85 12.85 12.89 12.89 12.85
Support 1 (S1) 12.68 12.66 12.77 12.76 12.47
Support 2 (S2) 12.36 12.55 12.40 12.43
Support 3 (S3) 12.19 12.36 12.39
Support 4 (S4) 12.27