US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 monthBearish92%
Monthly Downside probability 92%Bearish

TME 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $12.08 and stabilize above resistance $26.7.

Invalidation Trigger

Break above $26.7 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Monthly
Momentum StateBearish
Momentum soft

RSI 36.5, MACD -1.213

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $2.42 (31.26%)

Monthly

EMA Structure

Bearish
EMA 8$9.66Bearish
EMA 21$12.08Bearish
EMA 50$12.48Bearish

Signals

CategoryReadStrength
Momentum
RSI 36.5 · MACD -1.213

Momentum is weak

Strength
Bearish
Volatility
ATR $2.42 · BB 151.79%

High volatility

Strength
Bearish
Volume
MFI 13.7 · OBV -26.81%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.66 - $26.7

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+276.22% · 8.8 ATR above latest close

$29.12
Nearest resistance

+244.96% · 7.8 ATR above · 34-bar high

$26.7
Current price

Price shown is delayed

$7.74
Nearest support

-1.03% · 0.0 ATR below · 34-bar low

$7.66
Deeper support zone

-32.3% · 1.0 ATR below latest close

$5.24
ATR zone

Latest close ± ATR14

$5.32 - $10.16

Indicators

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.94

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

Trend strength is active

33.9 / 1.2 / 46.9Bearish
Supertrend (10,3)

Price is above Supertrend

$1.48Bullish
Ichimoku Cloud

Cloud Span A / Span B

$14.8 / $14.92Bearish
Donchian Channel (20)

20-period breakout channel position

0%Bearish

Volatility

ATR (14)

High volatility

$2.42 (31.26%)Bearish
Bollinger Bands (20,2)

Width 151.79%

19%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$16.25 / $7.78Bearish
ATR channel lower / upper

Current Volatility Envelope

$5.32 / $10.16Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$7.66Range

Momentum

RSI (14)

Momentum is weak

36.5Bearish
MACD (12,26,9)

Histogram is negative

-1.213Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

0.4 / 1.5Bearish
Williams %R (14)

Oversold zone

-99.6Bullish
CCI (20)

Balanced zone

-96.3Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

13.7Bearish
OBV slope

20-period OBV slope

-26.81%Bearish
Volume ratio

Relative to 20-period average volume

0.08xBearish

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.94

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

Trend strength is active

33.9 / 1.2 / 46.9Bearish
Supertrend (10,3)

Price is above Supertrend

$1.48Bullish
Ichimoku Cloud

Cloud Span A / Span B

$14.8 / $14.92Bearish
Donchian Channel (20)

20-period breakout channel position

0%Bearish

Momentum

RSI (14)

Momentum is weak

36.5Bearish
MACD (12,26,9)

Histogram is negative

-1.213Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

0.4 / 1.5Bearish
Williams %R (14)

Oversold zone

-99.6Bullish
CCI (20)

Balanced zone

-96.3Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$2.42 (31.26%)Bearish
Bollinger Bands (20,2)

Width 151.79%

19%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$16.25 / $7.78Bearish
ATR channel lower / upper

Current Volatility Envelope

$5.32 / $10.16Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

13.7Bearish
OBV slope

20-period OBV slope

-26.81%Bearish
Volume ratio

Relative to 20-period average volume

0.08xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$7.66Range

Related Forecasts