US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 dayBullish92%
Daily Upside probability 92%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 $9.94.

Invalidation Trigger

Lose $7.94 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

Daily
Momentum StateBullish
Momentum improving

RSI 57.2, MACD 0.054

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $0.3058 (3.25%)

Daily

EMA Structure

Range
EMA 8$9.38Bullish
EMA 21$9.16Bullish
EMA 50$9.2Bullish

Signals

CategoryReadStrength
Momentum
RSI 57.2 · MACD 0.054

Momentum is strong

Strength
Bullish
Volatility
ATR $0.3058 · BB 13.21%

Medium volatility

Strength
Range
Volume
MFI 49.3 · OBV 11.65%

Relative to 20-period average volume

Strength
Range
Price Levels
$7.94 - $9.94

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+8.94% · 2.7 ATR above latest close

$10.25
Nearest resistance

+5.69% · 1.7 ATR above · 34-bar high

$9.94
Current price

Price shown is delayed

$9.41
Nearest support

-15.58% · 4.8 ATR below · 34-bar low

$7.94
Deeper support zone

-18.83% · 5.8 ATR below latest close

$7.63
ATR zone

Latest close ± ATR14

$9.1 - $9.71

Indicators

Trend

Dow Theory Structure

Confirmation $9.94, invalidation $9.14

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

27.5 / 37.7 / 22.4Bullish
Supertrend (10,3)

Price is above Supertrend

$8.57Bullish
Ichimoku Cloud

Cloud Span A / Span B

$9.21 / $8.94Bullish
Donchian Channel (20)

20-period breakout channel position

59%Bullish

Volatility

ATR (14)

Medium volatility

$0.3058 (3.25%)Range
Bollinger Bands (20,2)

Width 13.21%

74%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$9.76 / $8.58Range
ATR channel lower / upper

Current Volatility Envelope

$9.1 / $9.71Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.94Range
Support

Nearest Downside Decision Level

$7.94Range

Momentum

RSI (14)

Momentum is strong

57.2Bullish
MACD (12,26,9)

Histogram is positive

0.054Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.7 / 63.1Bearish
Williams %R (14)

Neutral zone

-41.3Range
CCI (20)

Balanced zone

82.0Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

49.3Range
OBV slope

20-period OBV slope

11.65%Bullish
Volume ratio

Relative to 20-period average volume

0.06xBearish

Trend

Dow Theory Structure

Confirmation $9.94, invalidation $9.14

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

27.5 / 37.7 / 22.4Bullish
Supertrend (10,3)

Price is above Supertrend

$8.57Bullish
Ichimoku Cloud

Cloud Span A / Span B

$9.21 / $8.94Bullish
Donchian Channel (20)

20-period breakout channel position

59%Bullish

Momentum

RSI (14)

Momentum is strong

57.2Bullish
MACD (12,26,9)

Histogram is positive

0.054Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.7 / 63.1Bearish
Williams %R (14)

Neutral zone

-41.3Range
CCI (20)

Balanced zone

82.0Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Medium volatility

$0.3058 (3.25%)Range
Bollinger Bands (20,2)

Width 13.21%

74%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$9.76 / $8.58Range
ATR channel lower / upper

Current Volatility Envelope

$9.1 / $9.71Range

Volume / Money Flow

MFI (14)

Money flow is neutral

49.3Range
OBV slope

20-period OBV slope

11.65%Bullish
Volume ratio

Relative to 20-period average volume

0.06xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.94Range
Support

Nearest Downside Decision Level

$7.94Range

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