US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 hourBearish92%
1h Downside probability 92%Bearish

TME 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $8.35 and stabilize above resistance $8.89.

Invalidation Trigger

Break above $8.89 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 33.6, MACD 0.019

1h
Volatility EnvironmentBullish
Low volatility

ATR is $0.08250 (1.01%)

1h

EMA Structure

Bearish
EMA 8$8.25Bearish
EMA 21$8.35Bearish
EMA 50$8.6Bearish

Signals

CategoryReadStrength
Momentum
RSI 33.6 · MACD 0.019

Momentum is weak

Strength
Bearish
Volatility
ATR $0.08250 · BB 3.61%

Low volatility

Strength
Bullish
Volume
MFI 35.4 · OBV -26.31%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$8.16 - $8.89

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+9.35% · 9.3 ATR above latest close

$8.97
Nearest resistance

+8.35% · 8.3 ATR above · 34-bar high

$8.89
Current price

Price shown is delayed

$8.21
Nearest support

-0.61% · 0.6 ATR below · 34-bar low

$8.16
Deeper support zone

-1.61% · 1.6 ATR below latest close

$8.07
ATR zone

Latest close ± ATR14

$8.12 - $8.29

Indicators

Trend

Dow Theory Structure

Confirmation $8.16, invalidation $8.34

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

Trend strength is active

42.8 / 15.2 / 38.1Bearish
Supertrend (10,3)

Price is above Supertrend

$7.99Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.36 / $8.77Bearish
Donchian Channel (20)

20-period breakout channel position

17%Bearish

Volatility

ATR (14)

Low volatility

$0.08250 (1.01%)Bullish
Bollinger Bands (20,2)

Width 3.61%

22%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.48 / $8.2Bullish
ATR channel lower / upper

Current Volatility Envelope

$8.12 / $8.29Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.89Range
Support

Nearest Downside Decision Level

$8.16Range

Momentum

RSI (14)

Momentum is weak

33.6Bearish
MACD (12,26,9)

Histogram is positive

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

%K / %D momentum cross

23.3 / 24.0Bearish
Williams %R (14)

Neutral zone

-76.7Range
CCI (20)

Balanced zone

-98.7Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

35.4Bearish
OBV slope

20-period OBV slope

-26.31%Bearish
Volume ratio

Relative to 20-period average volume

0.91xRange

Trend

Dow Theory Structure

Confirmation $8.16, invalidation $8.34

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

Trend strength is active

42.8 / 15.2 / 38.1Bearish
Supertrend (10,3)

Price is above Supertrend

$7.99Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.36 / $8.77Bearish
Donchian Channel (20)

20-period breakout channel position

17%Bearish

Momentum

RSI (14)

Momentum is weak

33.6Bearish
MACD (12,26,9)

Histogram is positive

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

%K / %D momentum cross

23.3 / 24.0Bearish
Williams %R (14)

Neutral zone

-76.7Range
CCI (20)

Balanced zone

-98.7Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$0.08250 (1.01%)Bullish
Bollinger Bands (20,2)

Width 3.61%

22%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.48 / $8.2Bullish
ATR channel lower / upper

Current Volatility Envelope

$8.12 / $8.29Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

35.4Bearish
OBV slope

20-period OBV slope

-26.31%Bearish
Volume ratio

Relative to 20-period average volume

0.91xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.89Range
Support

Nearest Downside Decision Level

$8.16Range

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