US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 dayBullish91%
Daily Upside probability 91%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 $7.66 and reclaim $8.79.

Invalidation Trigger

Lose $7.66 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

Daily
Momentum StateBullish
Momentum improving

RSI 56.3, MACD 0.049

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $0.2555 (2.98%)

Daily

EMA Structure

Range
EMA 8$8.53Bullish
EMA 21$8.38Bullish
EMA 50$8.42Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.3 · MACD 0.049

Momentum is strong

Strength
Bullish
Volatility
ATR $0.2555 · BB 16.01%

Medium volatility

Strength
Range
Volume
MFI 68.1 · OBV -6.30%

Relative to 20-period average volume

Strength
Range
Price Levels
$7.66 - $8.79

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+5.55% · 1.9 ATR above latest close

$9.04
Nearest resistance

+2.57% · 0.9 ATR above · 34-bar high

$8.79
Current price

Price shown is delayed

$8.57
Nearest support

-10.57% · 3.5 ATR below · 34-bar low

$7.66
Deeper support zone

-13.55% · 4.5 ATR below latest close

$7.4
ATR zone

Latest close ± ATR14

$8.31 - $8.82

Indicators

Trend

Dow Theory Structure

Confirmation $8.79, invalidation $8.21

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

22.7 / 36.8 / 15.1Bullish
Supertrend (10,3)

Price is above Supertrend

$7.85Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.36 / $8.4Bullish
Donchian Channel (20)

20-period breakout channel position

80%Bullish

Volatility

ATR (14)

Medium volatility

$0.2555 (2.98%)Range
Bollinger Bands (20,2)

Width 16.01%

72%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$8.91 / $7.86Range
ATR channel lower / upper

Current Volatility Envelope

$8.31 / $8.82Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.79Range
Support

Nearest Downside Decision Level

$7.66Range

Momentum

RSI (14)

Momentum is strong

56.3Bullish
MACD (12,26,9)

Histogram is positive

0.049Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

78.3 / 76.7Bullish
Williams %R (14)

Neutral zone

-21.7Range
CCI (20)

Balanced zone

79.7Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

68.1Bullish
OBV slope

20-period OBV slope

-6.30%Bearish
Volume ratio

Relative to 20-period average volume

0.12xBearish

Trend

Dow Theory Structure

Confirmation $8.79, invalidation $8.21

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

22.7 / 36.8 / 15.1Bullish
Supertrend (10,3)

Price is above Supertrend

$7.85Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.36 / $8.4Bullish
Donchian Channel (20)

20-period breakout channel position

80%Bullish

Momentum

RSI (14)

Momentum is strong

56.3Bullish
MACD (12,26,9)

Histogram is positive

0.049Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

78.3 / 76.7Bullish
Williams %R (14)

Neutral zone

-21.7Range
CCI (20)

Balanced zone

79.7Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Medium volatility

$0.2555 (2.98%)Range
Bollinger Bands (20,2)

Width 16.01%

72%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$8.91 / $7.86Range
ATR channel lower / upper

Current Volatility Envelope

$8.31 / $8.82Range

Volume / Money Flow

MFI (14)

Money flow is strong

68.1Bullish
OBV slope

20-period OBV slope

-6.30%Bearish
Volume ratio

Relative to 20-period average volume

0.12xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.79Range
Support

Nearest Downside Decision Level

$7.66Range

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