Technical Analysis for TME - Tencent Music Entertainment Group
| 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% |
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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.
| 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. | ||
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Indicators
| 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 |
