US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 weekBearish74%
Weekly Downside probability 74%Bearish

TME 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $9.52 and stabilize above resistance $17.77.

Invalidation Trigger

Break above $17.77 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 29.6, MACD 0.241

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $0.6550 (8.21%)

Weekly

EMA Structure

Bearish
EMA 8$8.6Bearish
EMA 21$9.52Bearish
EMA 50$11.96Bearish

Signals

CategoryReadStrength
Momentum
RSI 29.6 · MACD 0.241

Momentum is weak

Strength
Bearish
Volatility
ATR $0.6550 · BB 17.63%

High volatility

Strength
Bearish
Volume
MFI 24.6 · OBV -21.06%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.77 - $17.77

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+130.89% · 15.9 ATR above latest close

$18.43
Nearest resistance

+122.68% · 14.9 ATR above · 34-bar high

$17.77
Current price

Price shown is delayed

$7.98
Nearest support

-2.63% · 0.3 ATR below · 34-bar low

$7.77
Deeper support zone

-10.84% · 1.3 ATR below latest close

$7.11
ATR zone

Latest close ± ATR14

$7.33 - $8.64

Indicators

Trend

Dow Theory Structure

Confirmation $9.94, invalidation $8.21

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

Trend strength is moderate

21.4 / 18.7 / 34.8Bearish
Supertrend (10,3)

Price is above Supertrend

$6.01Bullish
Ichimoku Cloud

Cloud Span A / Span B

$10.24 / $17.24Bearish
Donchian Channel (20)

20-period breakout channel position

10%Bearish

Volatility

ATR (14)

High volatility

$0.6550 (8.21%)Bearish
Bollinger Bands (20,2)

Width 17.63%

-6%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$10.75 / $8.1Bearish
ATR channel lower / upper

Current Volatility Envelope

$7.33 / $8.64Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$17.77Range
Support

Nearest Downside Decision Level

$7.77Range

Momentum

RSI (14)

Momentum is weak

29.6Bearish
MACD (12,26,9)

Histogram is positive

0.241Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.7 / 18.9Bearish
Williams %R (14)

Oversold zone

-90.3Bullish
CCI (20)

Weak expansion

-210.6Bearish
TD Sequential

Setup is not extreme

buy 5Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

24.6Bearish
OBV slope

20-period OBV slope

-21.06%Bearish
Volume ratio

Relative to 20-period average volume

0.41xBearish

Trend

Dow Theory Structure

Confirmation $9.94, invalidation $8.21

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

Trend strength is moderate

21.4 / 18.7 / 34.8Bearish
Supertrend (10,3)

Price is above Supertrend

$6.01Bullish
Ichimoku Cloud

Cloud Span A / Span B

$10.24 / $17.24Bearish
Donchian Channel (20)

20-period breakout channel position

10%Bearish

Momentum

RSI (14)

Momentum is weak

29.6Bearish
MACD (12,26,9)

Histogram is positive

0.241Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.7 / 18.9Bearish
Williams %R (14)

Oversold zone

-90.3Bullish
CCI (20)

Weak expansion

-210.6Bearish
TD Sequential

Setup is not extreme

buy 5Bullish

Volatility

ATR (14)

High volatility

$0.6550 (8.21%)Bearish
Bollinger Bands (20,2)

Width 17.63%

-6%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$10.75 / $8.1Bearish
ATR channel lower / upper

Current Volatility Envelope

$7.33 / $8.64Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

24.6Bearish
OBV slope

20-period OBV slope

-21.06%Bearish
Volume ratio

Relative to 20-period average volume

0.41xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$17.77Range
Support

Nearest Downside Decision Level

$7.77Range

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