US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 dayBearish86%
Daily Downside probability 86%Bearish

TME 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $8.08 and stabilize above resistance $9.14.

Invalidation Trigger

Break above $9.14 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 37.1, MACD -0.005

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $0.2221 (2.87%)

Daily

EMA Structure

Bearish
EMA 8$7.92Bearish
EMA 21$8.08Bearish
EMA 50$8.4Bearish

Signals

CategoryReadStrength
Momentum
RSI 37.1 · MACD -0.005

Momentum is weak

Strength
Bearish
Volatility
ATR $0.2221 · BB 11.44%

Medium volatility

Strength
Range
Volume
MFI 30.8 · OBV -20.06%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.66 - $9.14

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+20.96% · 7.3 ATR above latest close

$9.36
Nearest resistance

+18.09% · 6.3 ATR above · 34-bar high

$9.14
Current price

Price shown is delayed

$7.74
Nearest support

-1.03% · 0.4 ATR below · 34-bar low

$7.66
Deeper support zone

-3.9% · 1.4 ATR below latest close

$7.44
ATR zone

Latest close ± ATR14

$7.52 - $7.96

Indicators

Trend

Dow Theory Structure

Confirmation $8.49, invalidation $7.7

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

Trend strength is moderate

20.6 / 28.1 / 35.1Bearish
Supertrend (10,3)

Price is above Supertrend

$6.95Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.17 / $8.8Bearish
Donchian Channel (20)

20-period breakout channel position

10%Bearish

Volatility

ATR (14)

Medium volatility

$0.2221 (2.87%)Range
Bollinger Bands (20,2)

Width 11.44%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.59 / $7.54Range
ATR channel lower / upper

Current Volatility Envelope

$7.52 / $7.96Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.14Range
Support

Nearest Downside Decision Level

$7.66Range

Momentum

RSI (14)

Momentum is weak

37.1Bearish
MACD (12,26,9)

Histogram is negative

-0.005Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.6 / 8.8Bullish
Williams %R (14)

Oversold zone

-90.4Bullish
CCI (20)

Balanced zone

-95.0Range
TD Sequential

Setup is not extreme

buy 5Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

30.8Bearish
OBV slope

20-period OBV slope

-20.06%Bearish
Volume ratio

Relative to 20-period average volume

0.99xRange

Trend

Dow Theory Structure

Confirmation $8.49, invalidation $7.7

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

Trend strength is moderate

20.6 / 28.1 / 35.1Bearish
Supertrend (10,3)

Price is above Supertrend

$6.95Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.17 / $8.8Bearish
Donchian Channel (20)

20-period breakout channel position

10%Bearish

Momentum

RSI (14)

Momentum is weak

37.1Bearish
MACD (12,26,9)

Histogram is negative

-0.005Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.6 / 8.8Bullish
Williams %R (14)

Oversold zone

-90.4Bullish
CCI (20)

Balanced zone

-95.0Range
TD Sequential

Setup is not extreme

buy 5Bullish

Volatility

ATR (14)

Medium volatility

$0.2221 (2.87%)Range
Bollinger Bands (20,2)

Width 11.44%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.59 / $7.54Range
ATR channel lower / upper

Current Volatility Envelope

$7.52 / $7.96Range

Volume / Money Flow

MFI (14)

Money flow is weak

30.8Bearish
OBV slope

20-period OBV slope

-20.06%Bearish
Volume ratio

Relative to 20-period average volume

0.99xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.14Range
Support

Nearest Downside Decision Level

$7.66Range

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