US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 weekBullish64%
Weekly Upside probability 64%Bullish

TME 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Hold above $7.66 and reclaim $10.27.

Invalidation Trigger

Lose $7.66 and MACD turns lower again.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 47.0, MACD 0.318

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $0.6805 (7.54%)

Weekly

EMA Structure

Bearish
EMA 8$8.74Bullish
EMA 21$8.99Bullish
EMA 50$10.92Bearish

Signals

CategoryReadStrength
Momentum
RSI 47.0 · MACD 0.318

Neutral zone

Strength
Bullish
Volatility
ATR $0.6805 · BB 23.53%

High volatility

Strength
Bearish
Volume
MFI 24.1 · OBV -49.94%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.66 - $10.27

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+21.35% · 2.8 ATR above latest close

$10.95
Nearest resistance

+13.8% · 1.8 ATR above · 34-bar high

$10.27
Current price

Price shown is delayed

$9.02
Nearest support

-15.08% · 2.0 ATR below · 34-bar low

$7.66
Deeper support zone

-22.62% · 3.0 ATR below latest close

$6.98
ATR zone

Latest close ± ATR14

$8.34 - $9.7

Indicators

Trend

Dow Theory Structure

Confirmation $9.94, invalidation $8.19

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

Trend strength is moderate

14.2 / 19.1 / 22.6Bearish
Supertrend (10,3)

Price is above Supertrend

$7.18Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.75 / $13.56Bearish
Donchian Channel (20)

20-period breakout channel position

60%Range

Volatility

ATR (14)

High volatility

$0.6805 (7.54%)Bearish
Bollinger Bands (20,2)

Width 23.53%

67%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$10.27 / $7.6Bearish
ATR channel lower / upper

Current Volatility Envelope

$8.34 / $9.7Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$10.27Range
Support

Nearest Downside Decision Level

$7.66Range

Momentum

RSI (14)

Neutral zone

47.0Range
MACD (12,26,9)

Histogram is positive

0.318Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

64.6 / 62.6Bullish
Williams %R (14)

Neutral zone

-35.4Range
CCI (20)

Balanced zone

75.5Range
TD Sequential

Setup is not extreme

sell 6Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

24.1Bearish
OBV slope

20-period OBV slope

-49.94%Bearish
Volume ratio

Relative to 20-period average volume

0.70xBearish

Trend

Dow Theory Structure

Confirmation $9.94, invalidation $8.19

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

Trend strength is moderate

14.2 / 19.1 / 22.6Bearish
Supertrend (10,3)

Price is above Supertrend

$7.18Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.75 / $13.56Bearish
Donchian Channel (20)

20-period breakout channel position

60%Range

Momentum

RSI (14)

Neutral zone

47.0Range
MACD (12,26,9)

Histogram is positive

0.318Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

64.6 / 62.6Bullish
Williams %R (14)

Neutral zone

-35.4Range
CCI (20)

Balanced zone

75.5Range
TD Sequential

Setup is not extreme

sell 6Bearish

Volatility

ATR (14)

High volatility

$0.6805 (7.54%)Bearish
Bollinger Bands (20,2)

Width 23.53%

67%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$10.27 / $7.6Bearish
ATR channel lower / upper

Current Volatility Envelope

$8.34 / $9.7Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

24.1Bearish
OBV slope

20-period OBV slope

-49.94%Bearish
Volume ratio

Relative to 20-period average volume

0.70xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$10.27Range
Support

Nearest Downside Decision Level

$7.66Range

Related Forecasts