US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 dayBearish84%
Daily Downside probability 84%Bearish

TME 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $9 and stabilize above resistance $9.94.

Invalidation Trigger

Break above $9.94 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 45.2, MACD -0.053

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $0.3682 (4.18%)

Daily

EMA Structure

Bearish
EMA 8$8.88Bearish
EMA 21$9Bearish
EMA 50$9.11Bearish

Signals

CategoryReadStrength
Momentum
RSI 45.2 · MACD -0.053

Neutral zone

Strength
Bearish
Volatility
ATR $0.3682 · BB 17.71%

Medium volatility

Strength
Range
Volume
MFI 50.9 · OBV -56.23%

Relative to 20-period average volume

Strength
Range
Price Levels
$8.21 - $9.94

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+17.14% · 4.1 ATR above latest close

$10.31
Nearest resistance

+12.95% · 3.1 ATR above · 34-bar high

$9.94
Current price

Price shown is delayed

$8.8
Nearest support

-6.7% · 1.6 ATR below · 34-bar low

$8.21
Deeper support zone

-10.89% · 2.6 ATR below latest close

$7.84
ATR zone

Latest close ± ATR14

$8.43 - $9.17

Indicators

Trend

Dow Theory Structure

Confirmation $9.14, invalidation $8.64

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

Trend strength is moderate

18.0 / 19.4 / 29.7Bearish
Supertrend (10,3)

Price is above Supertrend

$7.6Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.9 / $8.94Bearish
Donchian Channel (20)

20-period breakout channel position

34%Range

Volatility

ATR (14)

Medium volatility

$0.3682 (4.18%)Range
Bollinger Bands (20,2)

Width 17.71%

27%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.85 / $8.15Range
ATR channel lower / upper

Current Volatility Envelope

$8.43 / $9.17Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.94Range
Support

Nearest Downside Decision Level

$8.21Range

Momentum

RSI (14)

Neutral zone

45.2Range
MACD (12,26,9)

Histogram is negative

-0.053Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

37.9 / 39.0Bearish
Williams %R (14)

Neutral zone

-62.1Range
CCI (20)

Balanced zone

-53.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.9Range
OBV slope

20-period OBV slope

-56.23%Bearish
Volume ratio

Relative to 20-period average volume

1.19xBullish

Trend

Dow Theory Structure

Confirmation $9.14, invalidation $8.64

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

Trend strength is moderate

18.0 / 19.4 / 29.7Bearish
Supertrend (10,3)

Price is above Supertrend

$7.6Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.9 / $8.94Bearish
Donchian Channel (20)

20-period breakout channel position

34%Range

Momentum

RSI (14)

Neutral zone

45.2Range
MACD (12,26,9)

Histogram is negative

-0.053Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

37.9 / 39.0Bearish
Williams %R (14)

Neutral zone

-62.1Range
CCI (20)

Balanced zone

-53.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Medium volatility

$0.3682 (4.18%)Range
Bollinger Bands (20,2)

Width 17.71%

27%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.85 / $8.15Range
ATR channel lower / upper

Current Volatility Envelope

$8.43 / $9.17Range

Volume / Money Flow

MFI (14)

Money flow is neutral

50.9Range
OBV slope

20-period OBV slope

-56.23%Bearish
Volume ratio

Relative to 20-period average volume

1.19xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.94Range
Support

Nearest Downside Decision Level

$8.21Range

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