US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

12 hoursBearish88%
12h Downside probability 88%Bearish

TME 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $8.89 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

12h
Momentum StateBearish
Momentum soft

RSI 30.9, MACD -0.095

12h
Volatility EnvironmentRange
Medium volatility

ATR is $0.2775 (3.38%)

12h

EMA Structure

Bearish
EMA 8$8.59Bearish
EMA 21$8.89Bearish
EMA 50$9.49Bearish

Signals

CategoryReadStrength
Momentum
RSI 30.9 · MACD -0.095

Momentum is weak

Strength
Bearish
Volatility
ATR $0.2775 · BB 16.70%

Medium volatility

Strength
Range
Volume
MFI 47.0 · OBV -4.83%

Relative to 20-period average volume

Strength
Range
Price Levels
$8.16 - $9.89

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+23.86% · 7.1 ATR above latest close

$10.16
Nearest resistance

+20.48% · 6.1 ATR above · 34-bar high

$9.89
Current price

Price shown is delayed

$8.21
Nearest support

-0.61% · 0.2 ATR below · 34-bar low

$8.16
Deeper support zone

-3.99% · 1.2 ATR below latest close

$7.88
ATR zone

Latest close ± ATR14

$7.93 - $8.48

Indicators

Trend

Dow Theory Structure

Confirmation $9.43, invalidation $9

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

Trend strength is active

22.3 / 12.1 / 31.9Bearish
Supertrend (10,3)

Price is above Supertrend

$7.44Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.85 / $9.2Bearish
Donchian Channel (20)

20-period breakout channel position

3%Bearish

Volatility

ATR (14)

Medium volatility

$0.2775 (3.38%)Range
Bollinger Bands (20,2)

Width 16.70%

-4%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.42 / $8.33Range
ATR channel lower / upper

Current Volatility Envelope

$7.93 / $8.48Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.89Range
Support

Nearest Downside Decision Level

$8.16Range

Momentum

RSI (14)

Momentum is weak

30.9Bearish
MACD (12,26,9)

Histogram is negative

-0.095Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

3.6 / 2.9Bullish
Williams %R (14)

Oversold zone

-96.4Bullish
CCI (20)

Weak expansion

-186.3Bearish
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.0Range
OBV slope

20-period OBV slope

-4.83%Bearish
Volume ratio

Relative to 20-period average volume

0.31xBearish

Trend

Dow Theory Structure

Confirmation $9.43, invalidation $9

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

Trend strength is active

22.3 / 12.1 / 31.9Bearish
Supertrend (10,3)

Price is above Supertrend

$7.44Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.85 / $9.2Bearish
Donchian Channel (20)

20-period breakout channel position

3%Bearish

Momentum

RSI (14)

Momentum is weak

30.9Bearish
MACD (12,26,9)

Histogram is negative

-0.095Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

3.6 / 2.9Bullish
Williams %R (14)

Oversold zone

-96.4Bullish
CCI (20)

Weak expansion

-186.3Bearish
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

Medium volatility

$0.2775 (3.38%)Range
Bollinger Bands (20,2)

Width 16.70%

-4%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.42 / $8.33Range
ATR channel lower / upper

Current Volatility Envelope

$7.93 / $8.48Range

Volume / Money Flow

MFI (14)

Money flow is neutral

47.0Range
OBV slope

20-period OBV slope

-4.83%Bearish
Volume ratio

Relative to 20-period average volume

0.31xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.89Range
Support

Nearest Downside Decision Level

$8.16Range

Related Forecasts