US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

12 hoursBullish92%
12h Upside probability 92%Bullish

TME 12H chart

EMA21EMA50Bollinger
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Market View

Market Shift

12h: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $7.94 and reclaim $9.03.

Invalidation Trigger

Lose $7.94 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

12h
Momentum StateBullish
Momentum improving

RSI 52.5, MACD 0.019

12h
Volatility EnvironmentRange
Low volatility

ATR is $0.1912 (2.18%)

12h

EMA Structure

Range
EMA 8$8.82Bearish
EMA 21$8.74Bullish
EMA 50$8.78Bearish

Signals

CategoryReadStrength
Momentum
RSI 52.5 · MACD 0.019

Neutral zone

Strength
Bullish
Volatility
ATR $0.1912 · BB 7.90%

Low volatility

Strength
Range
Volume
MFI 71.4 · OBV 3.09%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$7.94 - $9.03

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+5.03% · 2.3 ATR above latest close

$9.22
Nearest resistance

+2.85% · 1.3 ATR above · 34-bar high

$9.03
Current price

Price shown is delayed

$8.78
Nearest support

-9.57% · 4.4 ATR below · 34-bar low

$7.94
Deeper support zone

-11.75% · 5.4 ATR below latest close

$7.75
ATR zone

Latest close ± ATR14

$8.59 - $8.97

Indicators

Trend

Dow Theory Structure

Confirmation $9.03, invalidation $8.74

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

Trend strength is active

55.3 / 25.8 / 13.5Bullish
Supertrend (10,3)

Price is above Supertrend

$8.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.67 / $8.69Bullish
Donchian Channel (20)

20-period breakout channel position

64%Bullish

Volatility

ATR (14)

Low volatility

$0.1912 (2.18%)Range
Bollinger Bands (20,2)

Width 7.90%

59%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$9.11 / $8.39Range
ATR channel lower / upper

Current Volatility Envelope

$8.59 / $8.97Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.03Range
Support

Nearest Downside Decision Level

$7.94Range

Momentum

RSI (14)

Neutral zone

52.5Range
MACD (12,26,9)

Histogram is positive

0.019Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

43.8 / 54.2Bearish
Williams %R (14)

Neutral zone

-56.2Range
CCI (20)

Balanced zone

39.7Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

71.4Bullish
OBV slope

20-period OBV slope

3.09%Bullish
Volume ratio

Relative to 20-period average volume

0.99xRange

Trend

Dow Theory Structure

Confirmation $9.03, invalidation $8.74

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

Trend strength is active

55.3 / 25.8 / 13.5Bullish
Supertrend (10,3)

Price is above Supertrend

$8.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.67 / $8.69Bullish
Donchian Channel (20)

20-period breakout channel position

64%Bullish

Momentum

RSI (14)

Neutral zone

52.5Range
MACD (12,26,9)

Histogram is positive

0.019Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

43.8 / 54.2Bearish
Williams %R (14)

Neutral zone

-56.2Range
CCI (20)

Balanced zone

39.7Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$0.1912 (2.18%)Range
Bollinger Bands (20,2)

Width 7.90%

59%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$9.11 / $8.39Range
ATR channel lower / upper

Current Volatility Envelope

$8.59 / $8.97Range

Volume / Money Flow

MFI (14)

Money flow is strong

71.4Bullish
OBV slope

20-period OBV slope

3.09%Bullish
Volume ratio

Relative to 20-period average volume

0.99xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.03Range
Support

Nearest Downside Decision Level

$7.94Range

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