US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 hourBearish86%
1h Downside probability 86%Bearish

TME 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $7.78 and stabilize above resistance $8.01.

Invalidation Trigger

Break above $8.01 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateRange
Momentum mixed

RSI 39.7, MACD 0.006

1h
Volatility EnvironmentBullish
Low volatility

ATR is $0.04494 (0.58%)

1h

EMA Structure

Bearish
EMA 8$7.74Bearish
EMA 21$7.78Bearish
EMA 50$7.9Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.7 · MACD 0.006

Momentum is weak

Strength
Range
Volatility
ATR $0.04494 · BB 2.19%

Low volatility

Strength
Bullish
Volume
MFI 27.1 · OBV -306.08%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.68 - $8.01

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+4% · 6.9 ATR above latest close

$8.05
Nearest resistance

+3.42% · 5.9 ATR above · 34-bar high

$8.01
Current price

Price shown is delayed

$7.74
Nearest support

-0.84% · 1.4 ATR below · 34-bar low

$7.68
Deeper support zone

-1.42% · 2.4 ATR below latest close

$7.63
ATR zone

Latest close ± ATR14

$7.7 - $7.78

Indicators

Trend

Dow Theory Structure

Confirmation $7.68, invalidation $7.85

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

8.2 / 25.7 / 24.6Bullish
Supertrend (10,3)

Price is above Supertrend

$7.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$7.8 / $8.01Bearish
Donchian Channel (20)

20-period breakout channel position

30%Bearish

Volatility

ATR (14)

Low volatility

$0.04494 (0.58%)Bullish
Bollinger Bands (20,2)

Width 2.19%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$7.87 / $7.69Bullish
ATR channel lower / upper

Current Volatility Envelope

$7.7 / $7.78Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.01Range
Support

Nearest Downside Decision Level

$7.68Range

Momentum

RSI (14)

Momentum is weak

39.7Bearish
MACD (12,26,9)

Histogram is positive

0.006Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

30.2 / 30.2Bullish
Williams %R (14)

Neutral zone

-69.8Range
CCI (20)

Balanced zone

-59.7Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

27.1Bearish
OBV slope

20-period OBV slope

-306.08%Bearish
Volume ratio

Relative to 20-period average volume

3.14xBullish

Trend

Dow Theory Structure

Confirmation $7.68, invalidation $7.85

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

8.2 / 25.7 / 24.6Bullish
Supertrend (10,3)

Price is above Supertrend

$7.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$7.8 / $8.01Bearish
Donchian Channel (20)

20-period breakout channel position

30%Bearish

Momentum

RSI (14)

Momentum is weak

39.7Bearish
MACD (12,26,9)

Histogram is positive

0.006Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

30.2 / 30.2Bullish
Williams %R (14)

Neutral zone

-69.8Range
CCI (20)

Balanced zone

-59.7Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$0.04494 (0.58%)Bullish
Bollinger Bands (20,2)

Width 2.19%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$7.87 / $7.69Bullish
ATR channel lower / upper

Current Volatility Envelope

$7.7 / $7.78Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

27.1Bearish
OBV slope

20-period OBV slope

-306.08%Bearish
Volume ratio

Relative to 20-period average volume

3.14xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.01Range
Support

Nearest Downside Decision Level

$7.68Range

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