US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 dayBearish92%
Daily Downside probability 92%Bearish

TME 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $8.41 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 34.0, MACD -0.052

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $0.2032 (2.55%)

Daily

EMA Structure

Bearish
EMA 8$8.1Bearish
EMA 21$8.41Bearish
EMA 50$8.74Bearish

Signals

CategoryReadStrength
Momentum
RSI 34.0 · MACD -0.052

Momentum is weak

Strength
Bearish
Volatility
ATR $0.2032 · BB 16.97%

Medium volatility

Strength
Range
Volume
MFI 34.6 · OBV -63.55%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.77 - $9.94

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+27.11% · 10.6 ATR above latest close

$10.14
Nearest resistance

+24.56% · 9.6 ATR above · 34-bar high

$9.94
Current price

Price shown is delayed

$7.98
Nearest support

-2.63% · 1.0 ATR below · 34-bar low

$7.77
Deeper support zone

-5.18% · 2.0 ATR below latest close

$7.57
ATR zone

Latest close ± ATR14

$7.78 - $8.18

Indicators

Trend

Dow Theory Structure

Confirmation $7.77, invalidation $9.14

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

39.4 / 9.7 / 42.0Bearish
Supertrend (10,3)

Price is above Supertrend

$7.42Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.45 / $8.86Bearish
Donchian Channel (20)

20-period breakout channel position

15%Bearish

Volatility

ATR (14)

Medium volatility

$0.2032 (2.55%)Range
Bollinger Bands (20,2)

Width 16.97%

16%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.76 / $8.03Range
ATR channel lower / upper

Current Volatility Envelope

$7.78 / $8.18Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.94Range
Support

Nearest Downside Decision Level

$7.77Range

Momentum

RSI (14)

Momentum is weak

34.0Bearish
MACD (12,26,9)

Histogram is negative

-0.052Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

18.8 / 16.1Bullish
Williams %R (14)

Oversold zone

-81.2Bullish
CCI (20)

Weak expansion

-102.5Bearish
TD Sequential

Exhaustion setup is near completion

buy 13Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

34.6Bearish
OBV slope

20-period OBV slope

-63.55%Bearish
Volume ratio

Relative to 20-period average volume

0.49xBearish

Trend

Dow Theory Structure

Confirmation $7.77, invalidation $9.14

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

39.4 / 9.7 / 42.0Bearish
Supertrend (10,3)

Price is above Supertrend

$7.42Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.45 / $8.86Bearish
Donchian Channel (20)

20-period breakout channel position

15%Bearish

Momentum

RSI (14)

Momentum is weak

34.0Bearish
MACD (12,26,9)

Histogram is negative

-0.052Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

18.8 / 16.1Bullish
Williams %R (14)

Oversold zone

-81.2Bullish
CCI (20)

Weak expansion

-102.5Bearish
TD Sequential

Exhaustion setup is near completion

buy 13Bullish

Volatility

ATR (14)

Medium volatility

$0.2032 (2.55%)Range
Bollinger Bands (20,2)

Width 16.97%

16%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.76 / $8.03Range
ATR channel lower / upper

Current Volatility Envelope

$7.78 / $8.18Range

Volume / Money Flow

MFI (14)

Money flow is weak

34.6Bearish
OBV slope

20-period OBV slope

-63.55%Bearish
Volume ratio

Relative to 20-period average volume

0.49xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.94Range
Support

Nearest Downside Decision Level

$7.77Range

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