US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 monthBearish76%
Monthly Downside probability 76%Bearish

TME 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $13.37 and stabilize above resistance $26.7.

Invalidation Trigger

Break above $26.7 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Monthly
Momentum StateBearish
Momentum soft

RSI 37.8, MACD -1.484

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $3.08 (35.12%)

Monthly

EMA Structure

Range
EMA 8$11.39Bearish
EMA 21$13.37Bearish
EMA 50$13.02Bearish

Signals

CategoryReadStrength
Momentum
RSI 37.8 · MACD -1.484

Momentum is weak

Strength
Bearish
Volatility
ATR $3.08 · BB 133.40%

High volatility

Strength
Bearish
Volume
MFI 37.1 · OBV -4.97%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$6.09 - $26.7

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+239.22% · 6.8 ATR above latest close

$29.78
Nearest resistance

+204.1% · 5.8 ATR above · 34-bar high

$26.7
Current price

Price shown is delayed

$8.78
Nearest support

-30.64% · 0.9 ATR below · 34-bar low

$6.09
Deeper support zone

-65.76% · 1.9 ATR below latest close

$3.01
ATR zone

Latest close ± ATR14

$5.7 - $11.86

Indicators

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $9.41

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

Trend strength is active

28.7 / 20.0 / 35.2Bearish
Supertrend (10,3)

Price is above Supertrend

$0.6885Bullish
Ichimoku Cloud

Cloud Span A / Span B

$16.46 / $14.92Bearish
Donchian Channel (20)

20-period breakout channel position

4%Bearish

Volatility

ATR (14)

High volatility

$3.08 (35.12%)Bearish
Bollinger Bands (20,2)

Width 133.40%

18%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$18.69 / $8.01Bearish
ATR channel lower / upper

Current Volatility Envelope

$5.7 / $11.86Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$6.09Range

Momentum

RSI (14)

Momentum is weak

37.8Bearish
MACD (12,26,9)

Histogram is negative

-1.484Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

4.5 / 3.7Bullish
Williams %R (14)

Oversold zone

-95.5Bullish
CCI (20)

Weak expansion

-103.4Bearish
TD Sequential

Exhaustion setup is near completion

buy 9Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

37.1Bearish
OBV slope

20-period OBV slope

-4.97%Bearish
Volume ratio

Relative to 20-period average volume

0.27xBearish

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $9.41

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

Trend strength is active

28.7 / 20.0 / 35.2Bearish
Supertrend (10,3)

Price is above Supertrend

$0.6885Bullish
Ichimoku Cloud

Cloud Span A / Span B

$16.46 / $14.92Bearish
Donchian Channel (20)

20-period breakout channel position

4%Bearish

Momentum

RSI (14)

Momentum is weak

37.8Bearish
MACD (12,26,9)

Histogram is negative

-1.484Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

4.5 / 3.7Bullish
Williams %R (14)

Oversold zone

-95.5Bullish
CCI (20)

Weak expansion

-103.4Bearish
TD Sequential

Exhaustion setup is near completion

buy 9Bullish

Volatility

ATR (14)

High volatility

$3.08 (35.12%)Bearish
Bollinger Bands (20,2)

Width 133.40%

18%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$18.69 / $8.01Bearish
ATR channel lower / upper

Current Volatility Envelope

$5.7 / $11.86Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

37.1Bearish
OBV slope

20-period OBV slope

-4.97%Bearish
Volume ratio

Relative to 20-period average volume

0.27xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$6.09Range

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