US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 monthBearish87%
Monthly Downside probability 87%Bearish

TME 1M chart

EMA21EMA50Bollinger
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Market View

Market Shift

Monthly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $13.01 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 38.5, MACD -1.362

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $3.06 (34.82%)

Monthly

EMA Structure

Range
EMA 8$10.93Bearish
EMA 21$13.01Bearish
EMA 50$12.88Bearish

Signals

CategoryReadStrength
Momentum
RSI 38.5 · MACD -1.362

Momentum is weak

Strength
Bearish
Volatility
ATR $3.06 · BB 136.53%

High volatility

Strength
Bearish
Volume
MFI 31.8 · OBV -10.56%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$6.77 - $26.7

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+238.23% · 6.8 ATR above latest close

$29.76
Nearest resistance

+203.41% · 5.8 ATR above · 34-bar high

$26.7
Current price

Price shown is delayed

$8.8
Nearest support

-23.13% · 0.7 ATR below · 34-bar low

$6.77
Deeper support zone

-57.94% · 1.7 ATR below latest close

$3.7
ATR zone

Latest close ± ATR14

$5.74 - $11.86

Indicators

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $7.94

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

28.7 / 17.2 / 35.8Bearish
Supertrend (10,3)

Price is above Supertrend

$0.8380Bullish
Ichimoku Cloud

Cloud Span A / Span B

$15.38 / $14.92Bearish
Donchian Channel (20)

20-period breakout channel position

5%Bearish

Volatility

ATR (14)

High volatility

$3.06 (34.82%)Bearish
Bollinger Bands (20,2)

Width 136.53%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$18.41 / $7.54Bearish
ATR channel lower / upper

Current Volatility Envelope

$5.74 / $11.86Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$6.77Range

Momentum

RSI (14)

Momentum is weak

38.5Bearish
MACD (12,26,9)

Histogram is negative

-1.362Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

4.6 / 4.9Bearish
Williams %R (14)

Oversold zone

-95.4Bullish
CCI (20)

Balanced zone

-95.3Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

31.8Bearish
OBV slope

20-period OBV slope

-10.56%Bearish
Volume ratio

Relative to 20-period average volume

0.95xRange

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $7.94

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

28.7 / 17.2 / 35.8Bearish
Supertrend (10,3)

Price is above Supertrend

$0.8380Bullish
Ichimoku Cloud

Cloud Span A / Span B

$15.38 / $14.92Bearish
Donchian Channel (20)

20-period breakout channel position

5%Bearish

Momentum

RSI (14)

Momentum is weak

38.5Bearish
MACD (12,26,9)

Histogram is negative

-1.362Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

4.6 / 4.9Bearish
Williams %R (14)

Oversold zone

-95.4Bullish
CCI (20)

Balanced zone

-95.3Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

High volatility

$3.06 (34.82%)Bearish
Bollinger Bands (20,2)

Width 136.53%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$18.41 / $7.54Bearish
ATR channel lower / upper

Current Volatility Envelope

$5.74 / $11.86Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

31.8Bearish
OBV slope

20-period OBV slope

-10.56%Bearish
Volume ratio

Relative to 20-period average volume

0.95xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$6.77Range

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