Technical Analysis for TME - Tencent Music Entertainment Group
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
14.05 | -2.16% | -0.31 |
TME closed down 2.16 percent on Monday, July 22, 2019, on 74 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Earnings due: Aug 12
*** please verify all earnings dates ***| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Weak or Absent | N/A | Down | Down |
| See historical TME trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| MACD Bearish Centerline Cross | Bearish | 0.00% | |
| Lower Bollinger Band Walk | Weakness | 0.00% | |
| Below Lower BB | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Down 4 Days in a Row | Weakness | 0.00% | |
| Down 5 Days in a Row | Weakness | 0.00% | |
| Lower Bollinger Band Touch | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| 50 DMA Resistance | Bearish | -2.16% | |
| Lower Bollinger Band Walk | Weakness | -2.16% |
Free Daily (Stock) Chart Reading
Let us help you stay on top of your investments. We will alert you to important technical developments on your
portfolio & watchlist.
Configure default chart indicators
Basic chart:
- Earnings date: 08/12/2019
- 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 | |||
| Summary: | Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
See more TME news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 19.97 |
| 52 Week Low | 11.81 |
| Average Volume | 7,140,028 |
| 200-Day Moving Average | 0.0 |
| 50-Day Moving Average | 14.5606 |
| 20-Day Moving Average | 15.1645 |
| 10-Day Moving Average | 15.262 |
| Average True Range | 0.5697 |
| ADX | 19.45 |
| +DI | 24.3906 |
| -DI | 30.3503 |
| Chandelier Exit (Long, 3 ATRs ) | 15.0309 |
| Chandelier Exit (Short, 3 ATRs ) | 15.6291 |
| Upper Bollinger Band | 16.2421 |
| Lower Bollinger Band | 14.0869 |
| Percent B (%b) | -0.02 |
| BandWidth | 14.21214 |
| MACD Line | -0.014 |
| MACD Signal Line | 0.1539 |
| MACD Histogram | -0.1679 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 14.71 | ||||
| Resistance 3 (R3) | 14.74 | 14.55 | 14.60 | ||
| Resistance 2 (R2) | 14.55 | 14.38 | 14.54 | 14.56 | |
| Resistance 1 (R1) | 14.30 | 14.28 | 14.21 | 14.27 | 14.53 |
| Pivot Point | 14.11 | 14.11 | 14.06 | 14.10 | 14.11 |
| Support 1 (S1) | 13.86 | 13.94 | 13.77 | 13.83 | 13.57 |
| Support 2 (S2) | 13.67 | 13.84 | 13.66 | 13.54 | |
| Support 3 (S3) | 13.42 | 13.67 | 13.50 | ||
| Support 4 (S4) | 13.39 |
