US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

12 hoursBearish92%
12h Downside probability 92%Bearish

TME 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $8.23 and stabilize above resistance $9.11.

Invalidation Trigger

Break above $9.11 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 32.1, MACD -0.013

12h
Volatility EnvironmentRange
Low volatility

ATR is $0.1336 (1.67%)

12h

EMA Structure

Bearish
EMA 8$8.02Bearish
EMA 21$8.23Bearish
EMA 50$8.53Bearish

Signals

CategoryReadStrength
Momentum
RSI 32.1 · MACD -0.013

Momentum is weak

Strength
Bearish
Volatility
ATR $0.1336 · BB 11.44%

Low volatility

Strength
Range
Volume
MFI 22.6 · OBV -98.45%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.77 - $9.11

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+15.83% · 9.5 ATR above latest close

$9.24
Nearest resistance

+14.16% · 8.5 ATR above · 34-bar high

$9.11
Current price

Price shown is delayed

$7.98
Nearest support

-2.63% · 1.6 ATR below · 34-bar low

$7.77
Deeper support zone

-4.31% · 2.6 ATR below latest close

$7.64
ATR zone

Latest close ± ATR14

$7.85 - $8.11

Indicators

Trend

Dow Theory Structure

Confirmation $7.77, invalidation $8.49

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

Trend strength is active

58.9 / 15.2 / 33.9Bearish
Supertrend (10,3)

Price is above Supertrend

$7.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.18 / $8.9Bearish
Donchian Channel (20)

20-period breakout channel position

19%Bearish

Volatility

ATR (14)

Low volatility

$0.1336 (1.67%)Range
Bollinger Bands (20,2)

Width 11.44%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.45 / $7.97Range
ATR channel lower / upper

Current Volatility Envelope

$7.85 / $8.11Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.11Range
Support

Nearest Downside Decision Level

$7.77Range

Momentum

RSI (14)

Momentum is weak

32.1Bearish
MACD (12,26,9)

Histogram is negative

-0.013Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

29.4 / 24.5Bullish
Williams %R (14)

Neutral zone

-70.6Range
CCI (20)

Balanced zone

-94.0Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

22.6Bearish
OBV slope

20-period OBV slope

-98.45%Bearish
Volume ratio

Relative to 20-period average volume

1.18xBullish

Trend

Dow Theory Structure

Confirmation $7.77, invalidation $8.49

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

Trend strength is active

58.9 / 15.2 / 33.9Bearish
Supertrend (10,3)

Price is above Supertrend

$7.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.18 / $8.9Bearish
Donchian Channel (20)

20-period breakout channel position

19%Bearish

Momentum

RSI (14)

Momentum is weak

32.1Bearish
MACD (12,26,9)

Histogram is negative

-0.013Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

29.4 / 24.5Bullish
Williams %R (14)

Neutral zone

-70.6Range
CCI (20)

Balanced zone

-94.0Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$0.1336 (1.67%)Range
Bollinger Bands (20,2)

Width 11.44%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.45 / $7.97Range
ATR channel lower / upper

Current Volatility Envelope

$7.85 / $8.11Range

Volume / Money Flow

MFI (14)

Money flow is weak

22.6Bearish
OBV slope

20-period OBV slope

-98.45%Bearish
Volume ratio

Relative to 20-period average volume

1.18xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.11Range
Support

Nearest Downside Decision Level

$7.77Range

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