US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 monthBearish92%
Monthly Downside probability 92%Bearish

TME 1M chart

EMA21EMA50Bollinger
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Market View

Market Shift

Monthly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $11.86 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 40.6, MACD -0.979

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $2.31 (25.65%)

Monthly

EMA Structure

Bearish
EMA 8$9.63Bearish
EMA 21$11.86Bearish
EMA 50$12.37Bearish

Signals

CategoryReadStrength
Momentum
RSI 40.6 · MACD -0.979

Momentum is weak

Strength
Bearish
Volatility
ATR $2.31 · BB 156.94%

High volatility

Strength
Bearish
Volume
MFI 8.8 · OBV -17.34%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.66 - $26.7

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+221.66% · 8.6 ATR above latest close

$29.01
Nearest resistance

+196.01% · 7.6 ATR above · 34-bar high

$26.7
Current price

Price shown is delayed

$9.02
Nearest support

-15.08% · 0.6 ATR below · 34-bar low

$7.66
Deeper support zone

-40.73% · 1.6 ATR below latest close

$5.35
ATR zone

Latest close ± ATR14

$6.71 - $11.33

Indicators

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.94

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

Trend strength is active

36.4 / 4.6 / 49.0Bearish
Supertrend (10,3)

Price is above Supertrend

$3.04Bullish
Ichimoku Cloud

Cloud Span A / Span B

$14.37 / $14.92Bearish
Donchian Channel (20)

20-period breakout channel position

7%Bearish

Volatility

ATR (14)

High volatility

$2.31 (25.65%)Bearish
Bollinger Bands (20,2)

Width 156.94%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$15.86 / $7.72Bearish
ATR channel lower / upper

Current Volatility Envelope

$6.71 / $11.33Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$7.66Range

Momentum

RSI (14)

Momentum is weak

40.6Bearish
MACD (12,26,9)

Histogram is negative

-0.979Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

8.4 / 4.5Bullish
Williams %R (14)

Oversold zone

-91.6Bullish
CCI (20)

Balanced zone

-72.3Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

8.8Bearish
OBV slope

20-period OBV slope

-17.34%Bearish
Volume ratio

Relative to 20-period average volume

0.34xBearish

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.94

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

Trend strength is active

36.4 / 4.6 / 49.0Bearish
Supertrend (10,3)

Price is above Supertrend

$3.04Bullish
Ichimoku Cloud

Cloud Span A / Span B

$14.37 / $14.92Bearish
Donchian Channel (20)

20-period breakout channel position

7%Bearish

Momentum

RSI (14)

Momentum is weak

40.6Bearish
MACD (12,26,9)

Histogram is negative

-0.979Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

8.4 / 4.5Bullish
Williams %R (14)

Oversold zone

-91.6Bullish
CCI (20)

Balanced zone

-72.3Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

High volatility

$2.31 (25.65%)Bearish
Bollinger Bands (20,2)

Width 156.94%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$15.86 / $7.72Bearish
ATR channel lower / upper

Current Volatility Envelope

$6.71 / $11.33Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

8.8Bearish
OBV slope

20-period OBV slope

-17.34%Bearish
Volume ratio

Relative to 20-period average volume

0.34xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$7.66Range

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