US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 weekBearish90%
Weekly Downside probability 90%Bearish

TME 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $10.45 and stabilize above resistance $18.92.

Invalidation Trigger

Break above $18.92 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateRange
Momentum mixed

RSI 32.2, MACD 0.295

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $0.7289 (8.07%)

Weekly

EMA Structure

Bearish
EMA 8$8.95Bullish
EMA 21$10.45Bearish
EMA 50$13.17Bearish

Signals

CategoryReadStrength
Momentum
RSI 32.2 · MACD 0.295

Momentum is weak

Strength
Range
Volatility
ATR $0.7289 · BB 62.39%

High volatility

Strength
Bearish
Volume
MFI 40.6 · OBV -105.82%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.94 - $18.92

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+117.6% · 14.6 ATR above latest close

$19.65
Nearest resistance

+109.52% · 13.6 ATR above · 34-bar high

$18.92
Current price

Price shown is delayed

$9.03
Nearest support

-12.07% · 1.5 ATR below · 34-bar low

$7.94
Deeper support zone

-20.14% · 2.5 ATR below latest close

$7.21
ATR zone

Latest close ± ATR14

$8.3 - $9.76

Indicators

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.69

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

Trend strength is active

54.0 / 18.5 / 19.8Bearish
Supertrend (10,3)

Price is above Supertrend

$6.84Bullish
Ichimoku Cloud

Cloud Span A / Span B

$10.84 / $17.32Bearish
Donchian Channel (20)

20-period breakout channel position

14%Bearish

Volatility

ATR (14)

High volatility

$0.7289 (8.07%)Bearish
Bollinger Bands (20,2)

Width 62.39%

40%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$11.68 / $8.94Bearish
ATR channel lower / upper

Current Volatility Envelope

$8.3 / $9.76Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$18.92Range
Support

Nearest Downside Decision Level

$7.94Range

Momentum

RSI (14)

Momentum is weak

32.2Bearish
MACD (12,26,9)

Histogram is positive

0.295Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

47.2 / 39.2Bullish
Williams %R (14)

Neutral zone

-52.8Range
CCI (20)

Balanced zone

-50.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

40.6Bearish
OBV slope

20-period OBV slope

-105.82%Bearish
Volume ratio

Relative to 20-period average volume

0.12xBearish

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.69

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

Trend strength is active

54.0 / 18.5 / 19.8Bearish
Supertrend (10,3)

Price is above Supertrend

$6.84Bullish
Ichimoku Cloud

Cloud Span A / Span B

$10.84 / $17.32Bearish
Donchian Channel (20)

20-period breakout channel position

14%Bearish

Momentum

RSI (14)

Momentum is weak

32.2Bearish
MACD (12,26,9)

Histogram is positive

0.295Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

47.2 / 39.2Bullish
Williams %R (14)

Neutral zone

-52.8Range
CCI (20)

Balanced zone

-50.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$0.7289 (8.07%)Bearish
Bollinger Bands (20,2)

Width 62.39%

40%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$11.68 / $8.94Bearish
ATR channel lower / upper

Current Volatility Envelope

$8.3 / $9.76Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

40.6Bearish
OBV slope

20-period OBV slope

-105.82%Bearish
Volume ratio

Relative to 20-period average volume

0.12xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$18.92Range
Support

Nearest Downside Decision Level

$7.94Range

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