US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 dayBullish65%
Daily Upside probability 65%Bullish

TME 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $7.94 and reclaim $9.69.

Invalidation Trigger

Lose $7.94 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

Daily
Momentum StateRange
Momentum mixed

RSI 49.3, MACD 0.066

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $0.2586 (2.95%)

Daily

EMA Structure

Range
EMA 8$8.78Bearish
EMA 21$8.77Bullish
EMA 50$9.16Bearish

Signals

CategoryReadStrength
Momentum
RSI 49.3 · MACD 0.066

Neutral zone

Strength
Range
Volatility
ATR $0.2586 · BB 13.38%

Medium volatility

Strength
Range
Volume
MFI 65.6 · OBV -74.58%

Relative to 20-period average volume

Strength
Range
Price Levels
$7.94 - $9.69

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+13.31% · 4.5 ATR above latest close

$9.95
Nearest resistance

+10.36% · 3.5 ATR above · 34-bar high

$9.69
Current price

Price shown is delayed

$8.78
Nearest support

-9.57% · 3.2 ATR below · 34-bar low

$7.94
Deeper support zone

-12.51% · 4.2 ATR below latest close

$7.68
ATR zone

Latest close ± ATR14

$8.52 - $9.04

Indicators

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.03

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

28.9 / 29.5 / 16.2Bullish
Supertrend (10,3)

Price is above Supertrend

$8.08Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.69 / $8.93Bearish
Donchian Channel (20)

20-period breakout channel position

58%Range

Volatility

ATR (14)

Medium volatility

$0.2586 (2.95%)Range
Bollinger Bands (20,2)

Width 13.38%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$9.26 / $8.26Range
ATR channel lower / upper

Current Volatility Envelope

$8.52 / $9.04Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.69Range
Support

Nearest Downside Decision Level

$7.94Range

Momentum

RSI (14)

Neutral zone

49.3Range
MACD (12,26,9)

Histogram is positive

0.066Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

77.1 / 85.3Bearish
Williams %R (14)

Neutral zone

-22.9Range
CCI (20)

Balanced zone

43.4Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

65.6Bullish
OBV slope

20-period OBV slope

-74.58%Bearish
Volume ratio

Relative to 20-period average volume

0.22xBearish

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.03

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

28.9 / 29.5 / 16.2Bullish
Supertrend (10,3)

Price is above Supertrend

$8.08Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.69 / $8.93Bearish
Donchian Channel (20)

20-period breakout channel position

58%Range

Momentum

RSI (14)

Neutral zone

49.3Range
MACD (12,26,9)

Histogram is positive

0.066Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

77.1 / 85.3Bearish
Williams %R (14)

Neutral zone

-22.9Range
CCI (20)

Balanced zone

43.4Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Medium volatility

$0.2586 (2.95%)Range
Bollinger Bands (20,2)

Width 13.38%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$9.26 / $8.26Range
ATR channel lower / upper

Current Volatility Envelope

$8.52 / $9.04Range

Volume / Money Flow

MFI (14)

Money flow is strong

65.6Bullish
OBV slope

20-period OBV slope

-74.58%Bearish
Volume ratio

Relative to 20-period average volume

0.22xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.69Range
Support

Nearest Downside Decision Level

$7.94Range

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