Technical Analysis for TME - Tencent Music Entertainment Group

Grade Last Price % Change Price Change
grade D 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 ***

Trend Table & Recent Signals
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%

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 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