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Tencent Music Entertainment Group (TME)
NYSE:TME

Tencent Music Entertainment Group (TME) Technical Analysis

1,326 Followers

Technical Sentiment

Overall Consensus
Buy
14Bullish
2Neutral
6Bearish
Technical Analysis Consensus
Sell
2Bullish
2Neutral
6Bearish
Moving Average Consensus
Strong Buy
12Bullish
0Neutral
0Bearish
Tencent Music Entertainment Group’s (TME) Moving Averages Convergence Divergence (MACD) indicator is 0.72, suggesting Tencent Music Entertainment Group is a Sell.
Tencent Music Entertainment Group’s (TME) 20-Day exponential moving average is 13.04, while Tencent Music Entertainment Group’s (TME) share price is $15.36, making it a Buy.
Tencent Music Entertainment Group’s (TME) 50-Day exponential moving average is 11.97, while Tencent Music Entertainment Group’s (TME) share price is $15.36, making it a Buy.

Tencent Music Entertainment Group (TME) Pivot Points

May 15, 2024, 06:07 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
12.83
13.26
14.03
14.46
15.23
15.66
16.43
Fibonacci
13.26
13.72
14.00
14.46
14.92
15.20
15.66
Pivot points are a technical analysis tool used by traders to identify potential support and resistance levels in financial markets. Pivot points are calculated based on the previous day's high, low, and close prices, and are used to help traders identify levels at which the price may reverse or continue to trend.

Tencent Music Entertainment Group (TME) Moving Averages

May 15, 2024, 06:07 PM
Period
Simple
Exponential
MA5
13.89Buy
14.09Buy
MA10
13.53Buy
13.64Buy
MA20
12.86Buy
13.04Buy
MA50
11.74Buy
11.97Buy
MA100
10.54Buy
10.86Buy
MA200
8.83Buy
9.38Buy
Tencent Music Entertainment Group’s (TME) 10-Day exponential moving average is 13.64, while Tencent Music Entertainment Group’s (TME) share price is $15.36, making it a Buy.
Tencent Music Entertainment Group’s (TME) 100-Day exponential moving average is 10.86, while Tencent Music Entertainment Group’s (TME) share price is $15.36, making it a Buy.
Tencent Music Entertainment Group’s (TME) stock price is $15.36 and Tencent Music Entertainment Group’s (TME) 50-day simple moving average is 11.74, creating a Buy signal.
Tencent Music Entertainment Group’s (TME) stock price is $15.36 and Tencent Music Entertainment Group’s (TME) 100-day simple moving average is 10.54, creating a Buy signal.
Tencent Music Entertainment Group’s (TME) stock price is $15.36 and Tencent Music Entertainment Group’s (TME) 200-day simple moving average is 8.83, creating a Buy signal.

Tencent Music Entertainment Group (TME) Technical Indicators

May 15, 2024, 06:07 PM
Name
Value
Implied Action
RSI (14)
75.37
Sell
STOCH (9,6)
87.20
Sell
STOCHRSI (14)
90.27
Sell
MACD (12,26)
0.72
Sell
ADX (14)
33.49
Neutral
Williams %R
-8.68
Sell
CCI (14)
172.49
Sell
ATR (14)
0.47
-
Ultimate Oscillator
69.84
Neutral
ROC
17.00
Buy
Tencent Music Entertainment Group’s (TME) Relative Strength Index (RSI) is 75.37, creating a Sell signal.
Tencent Music Entertainment Group’s (TME) Trend Strength Indicator (ADX) is 33.49, creating a Neutral signal.
Tencent Music Entertainment Group’s (TME) Commodity Channel Index (CCI) is 172.49, creating a Sell signal.
Tencent Music Entertainment Group’s (TME) Price Rate of Change (ROC) is 17.00, creating a Buy signal.

FAQ

Is TME a Buy, Hold, or Sell?
Based on TME’s technical indicators, TME is a Buy.
    What is TME’s RSI (14)?
    TME’s RSI (14) is 75.37, which suggests TME is a Sell.
      What is TME’s MACD?
      TME’s MACD is 0.72, which suggests TME is a Sell.
        What is TME’s 5-day moving average?
        TME’s 5-day moving average is 13.89, which suggests TME is a Buy.
          What is TME’s 20-day moving average?
          TME 20-day moving average is 12.86, which suggests TME is a Buy.
            What is TME’s 50-day moving average?
            TME’s 50-day moving average is 11.74, which suggests TME is a Buy.
              What is TME’s 200-day moving average?
              TME’s 200-day moving average is 8.83, which suggests TME is a Buy.
                What is TME’s Williams % R (14)?
                TME’s Williams % R (14) is -8.68, which suggests TME is a Sell.
                  What is TME’s CCI (14)?
                  TME’s CCI (14) is 172.49, which suggests TME is a Sell.
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