Technical Analysis for TME - Tencent Music Entertainment Group

Grade Last Price % Change Price Change
F 7.08 -4.84% -0.36
TME closed down 4.84 percent on Friday, September 24, 2021, on approximately normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction -4.84%
Inside Day Range Contraction -4.84%
Oversold Stochastic Weakness -4.84%
New Downtrend Bearish -4.84%
Pocket Pivot Bullish Swing Setup -4.84%
Older End-of-Day Signals for TME ...

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

Get this analysis on your stocks daily!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

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 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 32.2481
52 Week Low 6.82
Average Volume 18,434,471
200-Day Moving Average 17.45
50-Day Moving Average 9.29
20-Day Moving Average 8.24
10-Day Moving Average 7.68
Average True Range 0.48
ADX 26.63
+DI 16.69
-DI 38.72
Chandelier Exit (Long, 3 ATRs) 8.09
Chandelier Exit (Short, 3 ATRs) 8.26
Upper Bollinger Bands 9.51
Lower Bollinger Band 6.97
Percent B (%b) 0.04
BandWidth 30.79
MACD Line -0.61
MACD Signal Line -0.58
MACD Histogram -0.0346
Fundamentals Value
Market Cap 11.88 Billion
Num Shares 1.68 Billion
EPS 0.32
Price-to-Earnings (P/E) Ratio 21.85
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) 7.94
Resistance 3 (R3) 7.94 7.67 7.79
Resistance 2 (R2) 7.67 7.45 7.66 7.74
Resistance 1 (R1) 7.37 7.31 7.24 7.37 7.70
Pivot Point 7.10 7.10 7.03 7.09 7.10
Support 1 (S1) 6.80 6.88 6.67 6.80 6.46
Support 2 (S2) 6.53 6.74 6.52 6.42
Support 3 (S3) 6.23 6.53 6.37
Support 4 (S4) 6.23