Technical Analysis for TME - Tencent Music Entertainment Group
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
16.02 | -3.32% | -0.55 |
TME closed down 3.32 percent on Friday, August 7, 2020, on 71 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: Aug 10
*** please verify all earnings dates ***| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Flat |
| Historical TME trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 20 DMA | Bearish | 0.00% | |
| Bollinger Band Squeeze | Range Contraction | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Bollinger Band Squeeze | Range Contraction | -3.32% | |
| Stochastic Reached Overbought | Strength | -3.32% | |
| BB Squeeze Started | Range Contraction | -3.32% | |
| Overbought Stochastic | Strength | -3.32% | |
| Up 3 Days in a Row | Strength | -3.32% | |
| Crossed Above 20 DMA | Bullish | -2.91% | |
| 20 DMA Resistance | Bearish | -0.19% |
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Basic chart:
- Earnings date: 08/10/2020
- 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 |
| Indicator | Value |
|---|---|
| 52 Week High | 17.97 |
| 52 Week Low | 9.22 |
| Average Volume | 12,180,223 |
| 200-Day Moving Average | 12.77 |
| 50-Day Moving Average | 14.57 |
| 20-Day Moving Average | 16.04 |
| 10-Day Moving Average | 16.05 |
| Average True Range | 0.59 |
| ADX | 25.27 |
| +DI | 29.51 |
| -DI | 21.76 |
| Chandelier Exit (Long, 3 ATRs ) | 16.20 |
| Chandelier Exit (Short, 3 ATRs ) | 16.91 |
| Upper Bollinger Band | 16.59 |
| Lower Bollinger Band | 15.48 |
| Percent B (%b) | 0.48 |
| BandWidth | 6.89 |
| MACD Line | 0.42 |
| MACD Signal Line | 0.50 |
| MACD Histogram | -0.084 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 17.03 | ||||
| Resistance 3 (R3) | 17.04 | 16.72 | 16.86 | ||
| Resistance 2 (R2) | 16.72 | 16.46 | 16.71 | 16.80 | |
| Resistance 1 (R1) | 16.37 | 16.31 | 16.21 | 16.36 | 16.75 |
| Pivot Point | 16.05 | 16.05 | 15.97 | 16.04 | 16.05 |
| Support 1 (S1) | 15.70 | 15.79 | 15.54 | 15.69 | 15.29 |
| Support 2 (S2) | 15.38 | 15.64 | 15.37 | 15.24 | |
| Support 3 (S3) | 15.03 | 15.38 | 15.18 | ||
| Support 4 (S4) | 15.02 |
