US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

12 hoursBearish81%
12h Downside probability 81%Bearish

TME 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $8.04 and stabilize above resistance $8.5.

Invalidation Trigger

Break above $8.5 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 37.0, MACD -0.051

12h
Volatility EnvironmentRange
Low volatility

ATR is $0.1568 (2.03%)

12h

EMA Structure

Bearish
EMA 8$7.92Bearish
EMA 21$8.04Bearish
EMA 50$8.2Bearish

Signals

CategoryReadStrength
Momentum
RSI 37.0 · MACD -0.051

Momentum is weak

Strength
Bearish
Volatility
ATR $0.1568 · BB 11.11%

Low volatility

Strength
Range
Volume
MFI 36.8 · OBV 16.35%

Relative to 20-period average volume

Strength
Range
Price Levels
$7.68 - $8.5

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+11.85% · 5.8 ATR above latest close

$8.66
Nearest resistance

+9.82% · 4.8 ATR above · 34-bar high

$8.5
Current price

Price shown is delayed

$7.74
Nearest support

-0.84% · 0.4 ATR below · 34-bar low

$7.68
Deeper support zone

-2.87% · 1.4 ATR below latest close

$7.52
ATR zone

Latest close ± ATR14

$7.58 - $7.9

Indicators

Trend

Dow Theory Structure

Confirmation $8.5, invalidation $8.08

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

Trend strength is active

37.0 / 13.7 / 40.9Bearish
Supertrend (10,3)

Price is above Supertrend

$7.29Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.09 / $8.26Bearish
Donchian Channel (20)

20-period breakout channel position

8%Bearish

Volatility

ATR (14)

Low volatility

$0.1568 (2.03%)Range
Bollinger Bands (20,2)

Width 11.11%

8%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.35 / $7.73Range
ATR channel lower / upper

Current Volatility Envelope

$7.58 / $7.9Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.5Range
Support

Nearest Downside Decision Level

$7.68Range

Momentum

RSI (14)

Momentum is weak

37.0Bearish
MACD (12,26,9)

Histogram is negative

-0.051Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

7.9 / 8.2Bearish
Williams %R (14)

Oversold zone

-92.1Bullish
CCI (20)

Weak expansion

-132.7Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

36.8Bearish
OBV slope

20-period OBV slope

16.35%Bullish
Volume ratio

Relative to 20-period average volume

1.18xBullish

Trend

Dow Theory Structure

Confirmation $8.5, invalidation $8.08

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

Trend strength is active

37.0 / 13.7 / 40.9Bearish
Supertrend (10,3)

Price is above Supertrend

$7.29Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.09 / $8.26Bearish
Donchian Channel (20)

20-period breakout channel position

8%Bearish

Momentum

RSI (14)

Momentum is weak

37.0Bearish
MACD (12,26,9)

Histogram is negative

-0.051Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

7.9 / 8.2Bearish
Williams %R (14)

Oversold zone

-92.1Bullish
CCI (20)

Weak expansion

-132.7Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Low volatility

$0.1568 (2.03%)Range
Bollinger Bands (20,2)

Width 11.11%

8%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.35 / $7.73Range
ATR channel lower / upper

Current Volatility Envelope

$7.58 / $7.9Range

Volume / Money Flow

MFI (14)

Money flow is weak

36.8Bearish
OBV slope

20-period OBV slope

16.35%Bullish
Volume ratio

Relative to 20-period average volume

1.18xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.5Range
Support

Nearest Downside Decision Level

$7.68Range

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