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Tencent Music Entertainment Group (TME)
NYSE:TME

Tencent Music Entertainment Group (TME) Technical Analysis

1,345 Followers

Technical Sentiment

Overall Consensus
Buy
11Bullish
6Neutral
5Bearish
Technical Analysis Consensus
Buy
3Bullish
6Neutral
1Bearish
Moving Average Consensus
Buy
8Bullish
0Neutral
4Bearish
Tencent Music Entertainment Group’s (TME) Moving Averages Convergence Divergence (MACD) indicator is 0.28, suggesting Tencent Music Entertainment Group is a Buy.
Tencent Music Entertainment Group’s (TME) 20-Day exponential moving average is 14.26, while Tencent Music Entertainment Group’s (TME) share price is $14.34, making it a Buy.
Tencent Music Entertainment Group’s (TME) 50-Day exponential moving average is 13.31, while Tencent Music Entertainment Group’s (TME) share price is $14.34, making it a Buy.

Tencent Music Entertainment Group (TME) Pivot Points

Jun 13, 2024, 06:56 AM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
13.70
13.85
14.04
14.19
14.39
14.54
14.73
Fibonacci
13.85
13.98
14.06
14.19
14.32
14.40
14.54
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

Jun 13, 2024, 06:56 AM
Period
Simple
Exponential
MA5
14.37Sell
14.32Buy
MA10
14.40Sell
14.37Sell
MA20
14.65Sell
14.26Buy
MA50
13.18Buy
13.31Buy
MA100
11.57Buy
11.98Buy
MA200
9.54Buy
10.09Buy
Tencent Music Entertainment Group’s (TME) 10-Day exponential moving average is 14.37, while Tencent Music Entertainment Group’s (TME) share price is $14.34, making it a Sell.
Tencent Music Entertainment Group’s (TME) 100-Day exponential moving average is 11.98, while Tencent Music Entertainment Group’s (TME) share price is $14.34, making it a Buy.
Tencent Music Entertainment Group’s (TME) stock price is $14.34 and Tencent Music Entertainment Group’s (TME) 50-day simple moving average is 13.18, creating a Buy signal.
Tencent Music Entertainment Group’s (TME) stock price is $14.34 and Tencent Music Entertainment Group’s (TME) 100-day simple moving average is 11.57, creating a Buy signal.
Tencent Music Entertainment Group’s (TME) stock price is $14.34 and Tencent Music Entertainment Group’s (TME) 200-day simple moving average is 9.54, creating a Buy signal.

Tencent Music Entertainment Group (TME) Technical Indicators

Jun 13, 2024, 06:56 AM
Name
Value
Implied Action
RSI (14)
53.98
Neutral
STOCH (9,6)
39.76
Neutral
STOCHRSI (14)
37.78
Neutral
MACD (12,26)
0.28
Buy
ADX (14)
26.30
Neutral
Williams %R
-53.76
Buy
CCI (14)
-52.33
Neutral
ATR (14)
0.53
-
Ultimate Oscillator
46.13
Neutral
ROC
-3.50
Sell
Tencent Music Entertainment Group’s (TME) Relative Strength Index (RSI) is 53.98, creating a Neutral signal.
Tencent Music Entertainment Group’s (TME) Trend Strength Indicator (ADX) is 26.30, creating a Neutral signal.
Tencent Music Entertainment Group’s (TME) Commodity Channel Index (CCI) is -52.33, creating a Neutral signal.
Tencent Music Entertainment Group’s (TME) Price Rate of Change (ROC) is -3.50, creating a Sell 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 53.98, which suggests TME is a Neutral.
      What is TME’s MACD?
      TME’s MACD is 0.28, which suggests TME is a Buy.
        What is TME’s 5-day moving average?
        TME’s 5-day moving average is 14.37, which suggests TME is a Sell.
          What is TME’s 20-day moving average?
          TME 20-day moving average is 14.65, which suggests TME is a Sell.
            What is TME’s 50-day moving average?
            TME’s 50-day moving average is 13.18, which suggests TME is a Buy.
              What is TME’s 200-day moving average?
              TME’s 200-day moving average is 9.54, which suggests TME is a Buy.
                What is TME’s Williams % R (14)?
                TME’s Williams % R (14) is -53.76, which suggests TME is a Buy.
                  What is TME’s CCI (14)?
                  TME’s CCI (14) is -52.33, which suggests TME is a Neutral.
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