US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 hourRange47%
1h Range probability 94%Range

TME 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Break either side of $8.19 - $8.74 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 49.3, MACD -0.008

1h
Volatility EnvironmentBullish
Low volatility

ATR is $0.04960 (0.58%)

1h

EMA Structure

Bullish
EMA 8$8.58Bearish
EMA 21$8.56Bearish
EMA 50$8.54Bullish

Signals

CategoryReadStrength
Momentum
RSI 49.3 · MACD -0.008

Neutral zone

Strength
Bearish
Volatility
ATR $0.04960 · BB 2.89%

Low volatility

Strength
Bullish
Volume
MFI 42.5 · OBV -1.05%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$8.19 - $8.74

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+2.8% · 4.8 ATR above latest close

$8.78
Nearest resistance

+2.22% · 3.8 ATR above · 34-bar high

$8.74
Current price

Price shown is delayed

$8.55
Nearest support

-4.15% · 7.2 ATR below · 34-bar low

$8.19
Deeper support zone

-4.73% · 8.2 ATR below latest close

$8.14
ATR zone

Latest close ± ATR14

$8.5 - $8.59

Indicators

Trend

Dow Theory Structure

Confirmation $8.74, invalidation $8.53

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

Trend strength is active

34.0 / 22.1 / 39.8Bearish
Supertrend (10,3)

Price is above Supertrend

$8.39Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.55 / $8.46Bearish
Donchian Channel (20)

20-period breakout channel position

61%Range

Volatility

ATR (14)

Low volatility

$0.04960 (0.58%)Bullish
Bollinger Bands (20,2)

Width 2.89%

32%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.68 / $8.45Bullish
ATR channel lower / upper

Current Volatility Envelope

$8.5 / $8.59Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.74Range
Support

Nearest Downside Decision Level

$8.19Range

Momentum

RSI (14)

Neutral zone

49.3Range
MACD (12,26,9)

Histogram is negative

-0.008Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.5 / 13.3Bearish
Williams %R (14)

Oversold zone

-93.5Bullish
CCI (20)

Balanced zone

-52.9Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

42.5Bearish
OBV slope

20-period OBV slope

-1.05%Bearish
Volume ratio

Relative to 20-period average volume

0.52xBearish

Trend

Dow Theory Structure

Confirmation $8.74, invalidation $8.53

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

Trend strength is active

34.0 / 22.1 / 39.8Bearish
Supertrend (10,3)

Price is above Supertrend

$8.39Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.55 / $8.46Bearish
Donchian Channel (20)

20-period breakout channel position

61%Range

Momentum

RSI (14)

Neutral zone

49.3Range
MACD (12,26,9)

Histogram is negative

-0.008Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.5 / 13.3Bearish
Williams %R (14)

Oversold zone

-93.5Bullish
CCI (20)

Balanced zone

-52.9Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Low volatility

$0.04960 (0.58%)Bullish
Bollinger Bands (20,2)

Width 2.89%

32%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.68 / $8.45Bullish
ATR channel lower / upper

Current Volatility Envelope

$8.5 / $8.59Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

42.5Bearish
OBV slope

20-period OBV slope

-1.05%Bearish
Volume ratio

Relative to 20-period average volume

0.52xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.74Range
Support

Nearest Downside Decision Level

$8.19Range

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