Technical Analysis for TME - Tencent Music Entertainment Group

Grade Last Price % Change Price Change
grade D 13.66 -1.44% -0.20
TME closed down 1.44 percent on Monday, May 20, 2019, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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 Signals
ADX Long-Term Intermediate-Term Short-Term
Strong N/A Down Down
See historical TME trend table...

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Doji - Bullish? Reversal 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Wide Bands Range Expansion 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%

Older signals for TME ...

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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
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 19.97
52 Week Low 11.81
Average Volume 5,076,680
200-Day Moving Average 0.0
50-Day Moving Average 17.3038
20-Day Moving Average 16.3235
10-Day Moving Average 15.326
Average True Range 0.7137
ADX 30.83
+DI 8.3618
-DI 35.4863
Chandelier Exit (Long, 3 ATRs ) 16.5089
Chandelier Exit (Short, 3 ATRs ) 15.6511
Upper Bollinger Band 18.9162
Lower Bollinger Band 13.7308
Percent B (%b) -0.01
BandWidth 31.766472
MACD Line -0.9365
MACD Signal Line -0.5986
MACD Histogram -0.3379
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.16
Resistance 3 (R3) 14.16 14.00 14.07
Resistance 2 (R2) 14.00 13.87 14.00 14.04
Resistance 1 (R1) 13.83 13.80 13.75 13.83 14.02
Pivot Point 13.67 13.67 13.63 13.67 13.67
Support 1 (S1) 13.50 13.54 13.42 13.50 13.30
Support 2 (S2) 13.34 13.47 13.34 13.28
Support 3 (S3) 13.17 13.34 13.25
Support 4 (S4) 13.17