US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 dayBearish90%
Daily Downside probability 90%Bearish

TME 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $8.97 and stabilize above resistance $9.89.

Invalidation Trigger

Break above $9.89 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 30.5, MACD -0.078

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $0.3036 (3.7%)

Daily

EMA Structure

Bearish
EMA 8$8.73Bearish
EMA 21$8.97Bearish
EMA 50$9.56Bearish

Signals

CategoryReadStrength
Momentum
RSI 30.5 · MACD -0.078

Momentum is weak

Strength
Bearish
Volatility
ATR $0.3036 · BB 13.73%

Medium volatility

Strength
Range
Volume
MFI 44.4 · OBV -4.30%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$8.11 - $9.89

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+24.33% · 6.6 ATR above latest close

$10.19
Nearest resistance

+20.62% · 5.6 ATR above · 34-bar high

$9.89
Current price

Price shown is delayed

$8.2
Nearest support

-1.1% · 0.3 ATR below · 34-bar low

$8.11
Deeper support zone

-4.8% · 1.3 ATR below latest close

$7.8
ATR zone

Latest close ± ATR14

$7.89 - $8.5

Indicators

Trend

Dow Theory Structure

Confirmation $9.43, invalidation $9

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

Trend strength is moderate

19.8 / 11.1 / 38.9Bearish
Supertrend (10,3)

Price is above Supertrend

$7.37Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.83 / $9.17Bearish
Donchian Channel (20)

20-period breakout channel position

6%Bearish

Volatility

ATR (14)

Medium volatility

$0.3036 (3.7%)Range
Bollinger Bands (20,2)

Width 13.73%

-21%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.54 / $8.39Range
ATR channel lower / upper

Current Volatility Envelope

$7.89 / $8.5Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.89Range
Support

Nearest Downside Decision Level

$8.11Range

Momentum

RSI (14)

Momentum is weak

30.5Bearish
MACD (12,26,9)

Histogram is negative

-0.078Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.2 / 8.8Bearish
Williams %R (14)

Oversold zone

-93.8Bullish
CCI (20)

Weak expansion

-256.1Bearish
TD Sequential

Setup is not extreme

buy 5Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

44.4Bearish
OBV slope

20-period OBV slope

-4.30%Bearish
Volume ratio

Relative to 20-period average volume

0.86xBearish

Trend

Dow Theory Structure

Confirmation $9.43, invalidation $9

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

Trend strength is moderate

19.8 / 11.1 / 38.9Bearish
Supertrend (10,3)

Price is above Supertrend

$7.37Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.83 / $9.17Bearish
Donchian Channel (20)

20-period breakout channel position

6%Bearish

Momentum

RSI (14)

Momentum is weak

30.5Bearish
MACD (12,26,9)

Histogram is negative

-0.078Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.2 / 8.8Bearish
Williams %R (14)

Oversold zone

-93.8Bullish
CCI (20)

Weak expansion

-256.1Bearish
TD Sequential

Setup is not extreme

buy 5Bullish

Volatility

ATR (14)

Medium volatility

$0.3036 (3.7%)Range
Bollinger Bands (20,2)

Width 13.73%

-21%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.54 / $8.39Range
ATR channel lower / upper

Current Volatility Envelope

$7.89 / $8.5Range

Volume / Money Flow

MFI (14)

Money flow is weak

44.4Bearish
OBV slope

20-period OBV slope

-4.30%Bearish
Volume ratio

Relative to 20-period average volume

0.86xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.89Range
Support

Nearest Downside Decision Level

$8.11Range

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