US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

12 hoursBearish59%
12h Downside probability 59%Bearish

TME 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $8.44 and stabilize above resistance $8.79.

Invalidation Trigger

Break above $8.79 with RSI back above 50.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 50.0, MACD -0.024

12h
Volatility EnvironmentRange
Medium volatility

ATR is $0.1991 (2.37%)

12h

EMA Structure

Bullish
EMA 8$8.49Bearish
EMA 21$8.44Bearish
EMA 50$8.34Bullish

Signals

CategoryReadStrength
Momentum
RSI 50.0 · MACD -0.024

Neutral zone

Strength
Bearish
Volatility
ATR $0.1991 · BB 5.92%

Medium volatility

Strength
Range
Volume
MFI 42.0 · OBV -22.00%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.68 - $8.79

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+6.95% · 2.9 ATR above latest close

$8.98
Nearest resistance

+4.58% · 1.9 ATR above · 34-bar high

$8.79
Current price

Price shown is delayed

$8.4
Nearest support

-8.63% · 3.6 ATR below · 34-bar low

$7.68
Deeper support zone

-11% · 4.6 ATR below latest close

$7.48
ATR zone

Latest close ± ATR14

$8.2 - $8.6

Indicators

Trend

Dow Theory Structure

Confirmation $8.79, invalidation $8.19

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

Trend strength is active

39.5 / 32.6 / 23.9Bullish
Supertrend (10,3)

Price is above Supertrend

$7.95Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.4 / $8.23Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Volatility

ATR (14)

Medium volatility

$0.1991 (2.37%)Range
Bollinger Bands (20,2)

Width 5.92%

29%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.85 / $8.03Range
ATR channel lower / upper

Current Volatility Envelope

$8.2 / $8.6Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.79Range
Support

Nearest Downside Decision Level

$7.68Range

Momentum

RSI (14)

Neutral zone

50.0Range
MACD (12,26,9)

Histogram is negative

-0.024Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

35.3 / 58.8Bearish
Williams %R (14)

Neutral zone

-64.7Range
CCI (20)

Balanced zone

7.5Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

42.0Bearish
OBV slope

20-period OBV slope

-22.00%Bearish
Volume ratio

Relative to 20-period average volume

1.20xBullish

Trend

Dow Theory Structure

Confirmation $8.79, invalidation $8.19

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

Trend strength is active

39.5 / 32.6 / 23.9Bullish
Supertrend (10,3)

Price is above Supertrend

$7.95Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.4 / $8.23Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Momentum

RSI (14)

Neutral zone

50.0Range
MACD (12,26,9)

Histogram is negative

-0.024Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

35.3 / 58.8Bearish
Williams %R (14)

Neutral zone

-64.7Range
CCI (20)

Balanced zone

7.5Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Medium volatility

$0.1991 (2.37%)Range
Bollinger Bands (20,2)

Width 5.92%

29%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.85 / $8.03Range
ATR channel lower / upper

Current Volatility Envelope

$8.2 / $8.6Range

Volume / Money Flow

MFI (14)

Money flow is weak

42.0Bearish
OBV slope

20-period OBV slope

-22.00%Bearish
Volume ratio

Relative to 20-period average volume

1.20xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.79Range
Support

Nearest Downside Decision Level

$7.68Range

Related Forecasts