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 $12.16 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 38.9, MACD -1.162

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $2.48 (28.97%)

Monthly

EMA Structure

Bearish
EMA 8$9.84Bearish
EMA 21$12.16Bearish
EMA 50$12.51Bearish

Signals

CategoryReadStrength
Momentum
RSI 38.9 · MACD -1.162

Momentum is weak

Strength
Bearish
Volatility
ATR $2.48 · BB 150.08%

High volatility

Strength
Bearish
Volume
MFI 15.6 · OBV -24.64%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.66 - $26.7

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+241.43% · 8.3 ATR above latest close

$29.18
Nearest resistance

+212.46% · 7.3 ATR above · 34-bar high

$26.7
Current price

Price shown is delayed

$8.55
Nearest support

-10.36% · 0.4 ATR below · 34-bar low

$7.66
Deeper support zone

-39.33% · 1.4 ATR below latest close

$5.18
ATR zone

Latest close ± ATR14

$6.07 - $11.02

Indicators

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.94

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

Trend strength is active

33.6 / 2.0 / 45.8Bearish
Supertrend (10,3)

Price is above Supertrend

$1.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$14.8 / $14.92Bearish
Donchian Channel (20)

20-period breakout channel position

5%Bearish

Volatility

ATR (14)

High volatility

$2.48 (28.97%)Bearish
Bollinger Bands (20,2)

Width 150.08%

22%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$16.48 / $7.7Bearish
ATR channel lower / upper

Current Volatility Envelope

$6.07 / $11.02Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$7.66Range

Momentum

RSI (14)

Momentum is weak

38.9Bearish
MACD (12,26,9)

Histogram is negative

-1.162Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

4.6 / 2.9Bullish
Williams %R (14)

Oversold zone

-95.4Bullish
CCI (20)

Balanced zone

-89.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

15.6Bearish
OBV slope

20-period OBV slope

-24.64%Bearish
Volume ratio

Relative to 20-period average volume

0.44xBearish

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.94

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

Trend strength is active

33.6 / 2.0 / 45.8Bearish
Supertrend (10,3)

Price is above Supertrend

$1.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$14.8 / $14.92Bearish
Donchian Channel (20)

20-period breakout channel position

5%Bearish

Momentum

RSI (14)

Momentum is weak

38.9Bearish
MACD (12,26,9)

Histogram is negative

-1.162Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

4.6 / 2.9Bullish
Williams %R (14)

Oversold zone

-95.4Bullish
CCI (20)

Balanced zone

-89.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$2.48 (28.97%)Bearish
Bollinger Bands (20,2)

Width 150.08%

22%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$16.48 / $7.7Bearish
ATR channel lower / upper

Current Volatility Envelope

$6.07 / $11.02Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

15.6Bearish
OBV slope

20-period OBV slope

-24.64%Bearish
Volume ratio

Relative to 20-period average volume

0.44xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.7Range
Support

Nearest Downside Decision Level

$7.66Range

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