US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

12 hoursBearish67%
12h Downside probability 67%Bearish

TME 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $8.93 and stabilize above resistance $10.03.

Invalidation Trigger

Break above $10.03 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 43.7, MACD 0.013

12h
Volatility EnvironmentRange
Low volatility

ATR is $0.1900 (2.16%)

12h

EMA Structure

Bearish
EMA 8$8.84Bearish
EMA 21$8.93Bearish
EMA 50$9.02Bearish

Signals

CategoryReadStrength
Momentum
RSI 43.7 · MACD 0.013

Momentum is weak

Strength
Bearish
Volatility
ATR $0.1900 · BB 15.19%

Low volatility

Strength
Range
Volume
MFI 86.4 · OBV -11.63%

Relative to 20-period average volume

Strength
Range
Price Levels
$8.21 - $10.03

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+16.14% · 7.5 ATR above latest close

$10.22
Nearest resistance

+13.98% · 6.5 ATR above · 34-bar high

$10.03
Current price

Price shown is delayed

$8.8
Nearest support

-6.7% · 3.1 ATR below · 34-bar low

$8.21
Deeper support zone

-8.86% · 4.1 ATR below latest close

$8.02
ATR zone

Latest close ± ATR14

$8.61 - $8.99

Indicators

Trend

Dow Theory Structure

Confirmation $9.11, invalidation $8.64

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

Trend strength is active

24.7 / 48.3 / 15.3Bullish
Supertrend (10,3)

Price is above Supertrend

$8.35Bullish
Ichimoku Cloud

Cloud Span A / Span B

$9 / $9.12Bearish
Donchian Channel (20)

20-period breakout channel position

32%Range

Volatility

ATR (14)

Low volatility

$0.1900 (2.16%)Range
Bollinger Bands (20,2)

Width 15.19%

44%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.29 / $8.56Range
ATR channel lower / upper

Current Volatility Envelope

$8.61 / $8.99Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$10.03Range
Support

Nearest Downside Decision Level

$8.21Range

Momentum

RSI (14)

Momentum is weak

43.7Bearish
MACD (12,26,9)

Histogram is positive

0.013Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.7 / 62.9Bearish
Williams %R (14)

Neutral zone

-41.3Range
CCI (20)

Balanced zone

-7.1Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

86.4Bullish
OBV slope

20-period OBV slope

-11.63%Bearish
Volume ratio

Relative to 20-period average volume

1.31xBullish

Trend

Dow Theory Structure

Confirmation $9.11, invalidation $8.64

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

Trend strength is active

24.7 / 48.3 / 15.3Bullish
Supertrend (10,3)

Price is above Supertrend

$8.35Bullish
Ichimoku Cloud

Cloud Span A / Span B

$9 / $9.12Bearish
Donchian Channel (20)

20-period breakout channel position

32%Range

Momentum

RSI (14)

Momentum is weak

43.7Bearish
MACD (12,26,9)

Histogram is positive

0.013Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.7 / 62.9Bearish
Williams %R (14)

Neutral zone

-41.3Range
CCI (20)

Balanced zone

-7.1Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$0.1900 (2.16%)Range
Bollinger Bands (20,2)

Width 15.19%

44%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.29 / $8.56Range
ATR channel lower / upper

Current Volatility Envelope

$8.61 / $8.99Range

Volume / Money Flow

MFI (14)

Money flow is strong

86.4Bullish
OBV slope

20-period OBV slope

-11.63%Bearish
Volume ratio

Relative to 20-period average volume

1.31xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$10.03Range
Support

Nearest Downside Decision Level

$8.21Range

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