Tencent Music Entertainment Group (TME)
NYSE:TME
Holding TME?
Track your performance easily

Tencent Music Entertainment Group (TME) Technical Analysis

1,386 Followers

Technical Sentiment

Overall Consensus
Sell
5Bullish
2Neutral
15Bearish
Technical Analysis Consensus
Buy
5Bullish
2Neutral
3Bearish
Moving Average Consensus
Strong Sell
0Bullish
0Neutral
12Bearish
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 10.40, while Tencent Music Entertainment Group’s (TME) share price is $9.48, making it a Sell.
Tencent Music Entertainment Group’s (TME) 50-Day exponential moving average is 11.63, while Tencent Music Entertainment Group’s (TME) share price is $9.48, making it a Sell.

Tencent Music Entertainment Group (TME) Pivot Points

Sep 19, 2024, 01:19 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
9.08
9.26
9.38
9.56
9.68
9.86
9.98
Fibonacci
9.26
9.37
9.44
9.56
9.67
9.74
9.86
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

Sep 19, 2024, 01:19 PM
Period
Simple
Exponential
MA5
9.63Sell
9.67Sell
MA10
9.96Sell
9.90Sell
MA20
10.20Sell
10.40Sell
MA50
12.33Sell
11.63Sell
MA100
13.22Sell
12.08Sell
MA200
11.49Sell
10.91Sell
Tencent Music Entertainment Group’s (TME) 10-Day exponential moving average is 9.90, while Tencent Music Entertainment Group’s (TME) share price is $9.48, making it a Sell.
Tencent Music Entertainment Group’s (TME) 100-Day exponential moving average is 12.08, while Tencent Music Entertainment Group’s (TME) share price is $9.48, making it a Sell.
Tencent Music Entertainment Group’s (TME) stock price is $9.48 and Tencent Music Entertainment Group’s (TME) 50-day simple moving average is 12.33, creating a Sell signal.
Tencent Music Entertainment Group’s (TME) stock price is $9.48 and Tencent Music Entertainment Group’s (TME) 100-day simple moving average is 13.22, creating a Sell signal.
Tencent Music Entertainment Group’s (TME) stock price is $9.48 and Tencent Music Entertainment Group’s (TME) 200-day simple moving average is 11.49, creating a Sell signal.

Tencent Music Entertainment Group (TME) Technical Indicators

Sep 19, 2024, 01:19 PM
Name
Value
Implied Action
RSI (14)
27.23
Buy
STOCH (9,6)
9.60
Buy
STOCHRSI (14)
7.21
Buy
MACD (12,26)
-0.72
Sell
ADX (14)
40.47
Neutral
Williams %R
-96.87
Buy
CCI (14)
-164.23
Buy
ATR (14)
0.41
-
Ultimate Oscillator
32.99
Neutral
ROC
-11.40
Sell
Tencent Music Entertainment Group’s (TME) Relative Strength Index (RSI) is 27.23, creating a Buy signal.
Tencent Music Entertainment Group’s (TME) Trend Strength Indicator (ADX) is 40.47, creating a Neutral signal.
Tencent Music Entertainment Group’s (TME) Commodity Channel Index (CCI) is -164.23, creating a Buy signal.
Tencent Music Entertainment Group’s (TME) Price Rate of Change (ROC) is -11.40, creating a Sell signal.

FAQ

Is TME a Buy, Hold, or Sell?
Based on TME’s technical indicators, TME is a Sell.
    What is TME’s RSI (14)?
    TME’s RSI (14) is 27.23, which suggests TME is a Buy.
      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 9.63, which suggests TME is a Sell.
          What is TME’s 20-day moving average?
          TME 20-day moving average is 10.20, which suggests TME is a Sell.
            What is TME’s 50-day moving average?
            TME’s 50-day moving average is 12.33, which suggests TME is a Sell.
              What is TME’s 200-day moving average?
              TME’s 200-day moving average is 11.49, which suggests TME is a Sell.
                What is TME’s Williams % R (14)?
                TME’s Williams % R (14) is -96.87, which suggests TME is a Buy.
                  What is TME’s CCI (14)?
                  TME’s CCI (14) is -164.23, which suggests TME is a Buy.
                    What am I Missing?
                    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