Technical Analysis for TME - Tencent Music Entertainment Group

Grade Last Price % Change Price Change
grade D 13.235 -1.82% -0.25
TME closed up 1.51 percent on Friday, October 11, 2019, on 1.88 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.

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

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish -1.82%
Lizard Bearish Bearish Day Trade Setup -1.82%
Crossed Above 50 DMA Bullish -1.82%
Pocket Pivot Bullish Swing Setup -1.82%
Doji - Bearish? Reversal -1.82%
Gapped Up Strength -1.82%
Up 3 Days in a Row Strength -1.82%
Crossed Above 20 DMA Bullish -0.34%
MACD Bullish Signal Line Cross Bullish -0.34%
20 DMA Resistance Bearish 2.84%

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, 2 bearish and 3 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 4,688,604
200-Day Moving Average 15.1347
50-Day Moving Average 13.468
20-Day Moving Average 13.2245
10-Day Moving Average 12.942
Average True Range 0.4629
ADX 18.78
+DI 28.2434
-DI 20.2336
Chandelier Exit (Long, 3 ATRs ) 13.1013
Chandelier Exit (Short, 3 ATRs ) 13.7887
Upper Bollinger Band 14.1362
Lower Bollinger Band 12.3128
Percent B (%b) 0.64
BandWidth 13.788045
MACD Line -0.132
MACD Signal Line -0.1859
MACD Histogram 0.0539
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.31
Resistance 3 (R3) 14.38 14.19 14.17
Resistance 2 (R2) 14.19 13.98 14.15 14.12
Resistance 1 (R1) 13.83 13.85 13.74 13.76 14.08
Pivot Point 13.64 13.64 13.59 13.60 13.64
Support 1 (S1) 13.28 13.43 13.19 13.21 12.88
Support 2 (S2) 13.09 13.30 13.05 12.84
Support 3 (S3) 12.73 13.09 12.79
Support 4 (S4) 12.66