Technical Analysis for TME - Tencent Music Entertainment Group
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
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.
| 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% |
Get a Trading Assistant
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: 05/13/2019
- 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, 3 bearish and 2 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 | 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 |
