US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 hourBearish85%
1h Downside probability 85%Bearish

TME 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $8.83 and stabilize above resistance $9.03.

Invalidation Trigger

Break above $9.03 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 44.0, MACD -0.011

1h
Volatility EnvironmentBullish
Low volatility

ATR is $0.06141 (0.7%)

1h

EMA Structure

Bearish
EMA 8$8.79Bearish
EMA 21$8.83Bearish
EMA 50$8.83Bearish

Signals

CategoryReadStrength
Momentum
RSI 44.0 · MACD -0.011

Momentum is weak

Strength
Bearish
Volatility
ATR $0.06141 · BB 2.28%

Low volatility

Strength
Bullish
Volume
MFI 26.2 · OBV -2.09%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$8.72 - $9.03

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+3.55% · 5.1 ATR above latest close

$9.09
Nearest resistance

+2.85% · 4.1 ATR above · 34-bar high

$9.03
Current price

Price shown is delayed

$8.78
Nearest support

-0.68% · 1.0 ATR below · 34-bar low

$8.72
Deeper support zone

-1.38% · 2.0 ATR below latest close

$8.66
ATR zone

Latest close ± ATR14

$8.72 - $8.84

Indicators

Trend

Dow Theory Structure

Confirmation $8.77, invalidation $8.93

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

Trend strength is moderate

11.7 / 22.1 / 28.5Bearish
Supertrend (10,3)

Price is above Supertrend

$8.56Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.83 / $8.84Bearish
Donchian Channel (20)

20-period breakout channel position

26%Bearish

Volatility

ATR (14)

Low volatility

$0.06141 (0.7%)Bullish
Bollinger Bands (20,2)

Width 2.28%

21%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.98 / $8.68Bullish
ATR channel lower / upper

Current Volatility Envelope

$8.72 / $8.84Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.03Range
Support

Nearest Downside Decision Level

$8.72Range

Momentum

RSI (14)

Momentum is weak

44.0Bearish
MACD (12,26,9)

Histogram is negative

-0.011Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

28.6 / 16.7Bullish
Williams %R (14)

Neutral zone

-71.4Range
CCI (20)

Weak expansion

-110.0Bearish
TD Sequential

Exhaustion setup is near completion

buy 8Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

26.2Bearish
OBV slope

20-period OBV slope

-2.09%Bearish
Volume ratio

Relative to 20-period average volume

1.68xBullish

Trend

Dow Theory Structure

Confirmation $8.77, invalidation $8.93

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

Trend strength is moderate

11.7 / 22.1 / 28.5Bearish
Supertrend (10,3)

Price is above Supertrend

$8.56Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.83 / $8.84Bearish
Donchian Channel (20)

20-period breakout channel position

26%Bearish

Momentum

RSI (14)

Momentum is weak

44.0Bearish
MACD (12,26,9)

Histogram is negative

-0.011Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

28.6 / 16.7Bullish
Williams %R (14)

Neutral zone

-71.4Range
CCI (20)

Weak expansion

-110.0Bearish
TD Sequential

Exhaustion setup is near completion

buy 8Bullish

Volatility

ATR (14)

Low volatility

$0.06141 (0.7%)Bullish
Bollinger Bands (20,2)

Width 2.28%

21%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.98 / $8.68Bullish
ATR channel lower / upper

Current Volatility Envelope

$8.72 / $8.84Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

26.2Bearish
OBV slope

20-period OBV slope

-2.09%Bearish
Volume ratio

Relative to 20-period average volume

1.68xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.03Range
Support

Nearest Downside Decision Level

$8.72Range

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