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 $9.11 and stabilize above resistance $9.33.

Invalidation Trigger

Break above $9.33 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 39.0, MACD -0.001

1h
Volatility EnvironmentBullish
Low volatility

ATR is $0.05488 (0.61%)

1h

EMA Structure

Bearish
EMA 8$9.05Bearish
EMA 21$9.11Bearish
EMA 50$9.19Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.0 · MACD -0.001

Momentum is weak

Strength
Bearish
Volatility
ATR $0.05488 · BB 3.29%

Low volatility

Strength
Bullish
Volume
MFI 28.3 · OBV -0.42%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$8.92 - $9.33

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+4.05% · 6.6 ATR above latest close

$9.38
Nearest resistance

+3.44% · 5.6 ATR above · 34-bar high

$9.33
Current price

Price shown is delayed

$9.02
Nearest support

-1.11% · 1.8 ATR below · 34-bar low

$8.92
Deeper support zone

-1.72% · 2.8 ATR below latest close

$8.87
ATR zone

Latest close ± ATR14

$8.97 - $9.07

Indicators

Trend

Dow Theory Structure

Confirmation $8.92, invalidation $9.09

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

Trend strength is active

51.9 / 18.9 / 45.6Bearish
Supertrend (10,3)

Price is above Supertrend

$8.83Bullish
Ichimoku Cloud

Cloud Span A / Span B

$9.06 / $9.2Bearish
Donchian Channel (20)

20-period breakout channel position

32%Bearish

Volatility

ATR (14)

Low volatility

$0.05488 (0.61%)Bullish
Bollinger Bands (20,2)

Width 3.29%

21%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.22 / $8.98Bullish
ATR channel lower / upper

Current Volatility Envelope

$8.97 / $9.07Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.33Range
Support

Nearest Downside Decision Level

$8.92Range

Momentum

RSI (14)

Momentum is weak

39.0Bearish
MACD (12,26,9)

Histogram is negative

-0.001Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

35.7 / 38.1Bearish
Williams %R (14)

Neutral zone

-64.3Range
CCI (20)

Balanced zone

-96.4Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

28.3Bearish
OBV slope

20-period OBV slope

-0.42%Bearish
Volume ratio

Relative to 20-period average volume

1.72xBullish

Trend

Dow Theory Structure

Confirmation $8.92, invalidation $9.09

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

Trend strength is active

51.9 / 18.9 / 45.6Bearish
Supertrend (10,3)

Price is above Supertrend

$8.83Bullish
Ichimoku Cloud

Cloud Span A / Span B

$9.06 / $9.2Bearish
Donchian Channel (20)

20-period breakout channel position

32%Bearish

Momentum

RSI (14)

Momentum is weak

39.0Bearish
MACD (12,26,9)

Histogram is negative

-0.001Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

35.7 / 38.1Bearish
Williams %R (14)

Neutral zone

-64.3Range
CCI (20)

Balanced zone

-96.4Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$0.05488 (0.61%)Bullish
Bollinger Bands (20,2)

Width 3.29%

21%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.22 / $8.98Bullish
ATR channel lower / upper

Current Volatility Envelope

$8.97 / $9.07Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

28.3Bearish
OBV slope

20-period OBV slope

-0.42%Bearish
Volume ratio

Relative to 20-period average volume

1.72xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.33Range
Support

Nearest Downside Decision Level

$8.92Range

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