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 $12.52 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 36.9, MACD -1.310

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $2.85 (35.75%)

Monthly

EMA Structure

Bearish
EMA 8$10.22Bearish
EMA 21$12.52Bearish
EMA 50$12.67Bearish

Signals

CategoryReadStrength
Momentum
RSI 36.9 · MACD -1.310

Momentum is weak

Strength
Bearish
Volatility
ATR $2.85 · BB 144.16%

High volatility

Strength
Bearish
Volume
MFI 24.7 · OBV -18.21%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.77 - $26.7

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+270.33% · 7.6 ATR above latest close

$29.55
Nearest resistance

+234.59% · 6.6 ATR above · 34-bar high

$26.7
Current price

Price shown is delayed

$7.98
Nearest support

-2.63% · 0.1 ATR below · 34-bar low

$7.77
Deeper support zone

-38.38% · 1.1 ATR below latest close

$4.92
ATR zone

Latest close ± ATR14

$5.13 - $10.83

Indicators

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.94

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

Trend strength is active

30.3 / 11.1 / 39.5Bearish
Supertrend (10,3)

Price is above Supertrend

$1.46Bullish
Ichimoku Cloud

Cloud Span A / Span B

$15.24 / $14.92Bearish
Donchian Channel (20)

20-period breakout channel position

1%Bearish

Volatility

ATR (14)

High volatility

$2.85 (35.75%)Bearish
Bollinger Bands (20,2)

Width 144.16%

18%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$16.92 / $8.03Bearish
ATR channel lower / upper

Current Volatility Envelope

$5.13 / $10.83Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$7.77Range

Momentum

RSI (14)

Momentum is weak

36.9Bearish
MACD (12,26,9)

Histogram is negative

-1.310Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

1.1 / 4.0Bearish
Williams %R (14)

Oversold zone

-98.9Bullish
CCI (20)

Weak expansion

-101.3Bearish
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

24.7Bearish
OBV slope

20-period OBV slope

-18.21%Bearish
Volume ratio

Relative to 20-period average volume

0.29xBearish

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.94

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

Trend strength is active

30.3 / 11.1 / 39.5Bearish
Supertrend (10,3)

Price is above Supertrend

$1.46Bullish
Ichimoku Cloud

Cloud Span A / Span B

$15.24 / $14.92Bearish
Donchian Channel (20)

20-period breakout channel position

1%Bearish

Momentum

RSI (14)

Momentum is weak

36.9Bearish
MACD (12,26,9)

Histogram is negative

-1.310Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

1.1 / 4.0Bearish
Williams %R (14)

Oversold zone

-98.9Bullish
CCI (20)

Weak expansion

-101.3Bearish
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$2.85 (35.75%)Bearish
Bollinger Bands (20,2)

Width 144.16%

18%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$16.92 / $8.03Bearish
ATR channel lower / upper

Current Volatility Envelope

$5.13 / $10.83Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

24.7Bearish
OBV slope

20-period OBV slope

-18.21%Bearish
Volume ratio

Relative to 20-period average volume

0.29xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$7.77Range

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