Tencent Music Entertainment Group (TME)
NYSE:TME

Tencent Music Entertainment Group (TME) Technical Analysis

1,219 Followers

Technical Sentiment

Overall Consensus
Buy
12Bullish
4Neutral
6Bearish
Technical Analysis Consensus
Buy
4Bullish
4Neutral
2Bearish
Moving Average Consensus
Buy
8Bullish
0Neutral
4Bearish
Tencent Music Entertainment Group’s (TME) Moving Averages Convergence Divergence (MACD) indicator is 0.08, suggesting Tencent Music Entertainment Group is a Sell.
Tencent Music Entertainment Group’s (TME) 20-Day exponential moving average is 6.52, while Tencent Music Entertainment Group’s (TME) share price is $6.84, making it a Buy.
Tencent Music Entertainment Group’s (TME) 50-Day exponential moving average is 6.56, while Tencent Music Entertainment Group’s (TME) share price is $6.84, making it a Buy.

Tencent Music Entertainment Group (TME) Pivot Points

Oct 18, 2023, 10:56 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
6.10
6.29
6.61
6.80
7.12
7.31
7.63
Fibonacci
6.29
6.48
6.60
6.80
6.99
7.11
7.31
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

Oct 18, 2023, 10:56 PM
Period
Simple
Exponential
MA5
6.75Buy
6.72Buy
MA10
6.56Buy
6.61Buy
MA20
6.40Buy
6.52Buy
MA50
6.46Buy
6.56Buy
MA100
6.88Sell
6.76Sell
MA200
7.41Sell
6.96Sell
Tencent Music Entertainment Group’s (TME) 10-Day exponential moving average is 6.61, while Tencent Music Entertainment Group’s (TME) share price is $6.84, making it a Buy.
Tencent Music Entertainment Group’s (TME) 100-Day exponential moving average is 6.76, while Tencent Music Entertainment Group’s (TME) share price is $6.84, making it a Sell.
Tencent Music Entertainment Group’s (TME) stock price is $6.84 and Tencent Music Entertainment Group’s (TME) 50-day simple moving average is 6.46, creating a Buy signal.
Tencent Music Entertainment Group’s (TME) stock price is $6.84 and Tencent Music Entertainment Group’s (TME) 100-day simple moving average is 6.88, creating a Sell signal.
Tencent Music Entertainment Group’s (TME) stock price is $6.84 and Tencent Music Entertainment Group’s (TME) 200-day simple moving average is 7.41, creating a Sell signal.

Tencent Music Entertainment Group (TME) Technical Indicators

Oct 18, 2023, 10:56 PM
Name
Value
Implied Action
RSI (14)
57.46
Neutral
STOCH (9,6)
73.82
Neutral
STOCHRSI (14)
74.16
Neutral
MACD (12,26)
0.08
Sell
ADX (14)
12.88
Buy
Williams %R
-24.72
Buy
CCI (14)
134.18
Sell
ATR (14)
0.25
-
Ultimate Oscillator
56.24
Neutral
ROC
7.64
Buy
Tencent Music Entertainment Group’s (TME) Relative Strength Index (RSI) is 57.46, creating a Neutral signal.
Tencent Music Entertainment Group’s (TME) Trend Strength Indicator (ADX) is 12.88, creating a Buy signal.
Tencent Music Entertainment Group’s (TME) Commodity Channel Index (CCI) is 134.18, creating a Sell signal.
Tencent Music Entertainment Group’s (TME) Price Rate of Change (ROC) is 7.64, 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 57.46, which suggests TME is a Neutral.
      What is TME’s MACD?
      TME’s MACD is 0.08, which suggests TME is a Sell.
        What is TME’s 5-day moving average?
        TME’s 5-day moving average is 6.75, which suggests TME is a Buy.
          What is TME’s 20-day moving average?
          TME 20-day moving average is 6.40, which suggests TME is a Buy.
            What is TME’s 50-day moving average?
            TME’s 50-day moving average is 6.46, which suggests TME is a Buy.
              What is TME’s 200-day moving average?
              TME’s 200-day moving average is 7.41, which suggests TME is a Sell.
                What is TME’s Williams % R (14)?
                TME’s Williams % R (14) is -24.72, which suggests TME is a Buy.
                  What is TME’s CCI (14)?
                  TME’s CCI (14) is 134.18, which suggests TME is a Sell.

                    What's Included in PREMIUM?
                    Make informed decisions based on Top Analysts' activity
                    Know what industry insiders are buying
                    Get actionable alerts from top Wall Street Analysts
                    Find out before anyone else which stock is going to shoot up
                    Get powerful stock screeners & detailed portfolio analysis