US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 monthBearish78%
Monthly Downside probability 78%Bearish

TME 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $13.83 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 36.2, MACD -1.497

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $3.34 (40.75%)

Monthly

EMA Structure

Range
EMA 8$12.1Bearish
EMA 21$13.83Bearish
EMA 50$12.97Bearish

Signals

CategoryReadStrength
Momentum
RSI 36.2 · MACD -1.497

Momentum is weak

Strength
Bearish
Volatility
ATR $3.34 · BB 129.18%

High volatility

Strength
Bearish
Volume
MFI 34.0 · OBV -28.29%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$5.96 - $26.7

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+266.56% · 6.5 ATR above latest close

$30.04
Nearest resistance

+225.81% · 5.5 ATR above · 34-bar high

$26.7
Current price

Price shown is delayed

$8.2
Nearest support

-27.27% · 0.7 ATR below · 34-bar low

$5.96
Deeper support zone

-68.02% · 1.7 ATR below latest close

$2.62
ATR zone

Latest close ± ATR14

$4.86 - $11.53

Indicators

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $9.42

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

Trend strength is active

28.9 / 26.0 / 32.2Bearish
Supertrend (10,3)

Price is above Supertrend

$0.1225Bullish
Ichimoku Cloud

Cloud Span A / Span B

$16.69 / $14.83Bearish
Donchian Channel (20)

20-period breakout channel position

0%Bearish

Volatility

ATR (14)

High volatility

$3.34 (40.75%)Bearish
Bollinger Bands (20,2)

Width 129.18%

14%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$19.68 / $8Bearish
ATR channel lower / upper

Current Volatility Envelope

$4.86 / $11.53Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$5.96Range

Momentum

RSI (14)

Momentum is weak

36.2Bearish
MACD (12,26,9)

Histogram is negative

-1.497Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

0.5 / 2.3Bearish
Williams %R (14)

Oversold zone

-99.5Bullish
CCI (20)

Weak expansion

-109.2Bearish
TD Sequential

Exhaustion setup is near completion

buy 8Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

34.0Bearish
OBV slope

20-period OBV slope

-28.29%Bearish
Volume ratio

Relative to 20-period average volume

1.68xBullish

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $9.42

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

Trend strength is active

28.9 / 26.0 / 32.2Bearish
Supertrend (10,3)

Price is above Supertrend

$0.1225Bullish
Ichimoku Cloud

Cloud Span A / Span B

$16.69 / $14.83Bearish
Donchian Channel (20)

20-period breakout channel position

0%Bearish

Momentum

RSI (14)

Momentum is weak

36.2Bearish
MACD (12,26,9)

Histogram is negative

-1.497Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

0.5 / 2.3Bearish
Williams %R (14)

Oversold zone

-99.5Bullish
CCI (20)

Weak expansion

-109.2Bearish
TD Sequential

Exhaustion setup is near completion

buy 8Bullish

Volatility

ATR (14)

High volatility

$3.34 (40.75%)Bearish
Bollinger Bands (20,2)

Width 129.18%

14%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$19.68 / $8Bearish
ATR channel lower / upper

Current Volatility Envelope

$4.86 / $11.53Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

34.0Bearish
OBV slope

20-period OBV slope

-28.29%Bearish
Volume ratio

Relative to 20-period average volume

1.68xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$5.96Range

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