US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 weekBearish92%
Weekly Downside probability 92%Bearish

TME 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $10.43 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 30.1, MACD 0.279

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $0.7196 (8.2%)

Weekly

EMA Structure

Bearish
EMA 8$8.9Bearish
EMA 21$10.43Bearish
EMA 50$13.16Bearish

Signals

CategoryReadStrength
Momentum
RSI 30.1 · MACD 0.279

Momentum is weak

Strength
Range
Volatility
ATR $0.7196 · BB 62.71%

High volatility

Strength
Bearish
Volume
MFI 39.8 · OBV -114.47%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.94 - $18.92

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+123.69% · 15.1 ATR above latest close

$19.64
Nearest resistance

+115.49% · 14.1 ATR above · 34-bar high

$18.92
Current price

Price shown is delayed

$8.78
Nearest support

-9.57% · 1.2 ATR below · 34-bar low

$7.94
Deeper support zone

-17.76% · 2.2 ATR below latest close

$7.22
ATR zone

Latest close ± ATR14

$8.06 - $9.5

Indicators

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.69

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

Trend strength is active

54.1 / 18.3 / 20.0Bearish
Supertrend (10,3)

Price is above Supertrend

$6.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$10.84 / $17.32Bearish
Donchian Channel (20)

20-period breakout channel position

11%Bearish

Volatility

ATR (14)

High volatility

$0.7196 (8.2%)Bearish
Bollinger Bands (20,2)

Width 62.71%

37%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$11.63 / $8.94Bearish
ATR channel lower / upper

Current Volatility Envelope

$8.06 / $9.5Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$18.92Range
Support

Nearest Downside Decision Level

$7.94Range

Momentum

RSI (14)

Momentum is weak

30.1Bearish
MACD (12,26,9)

Histogram is positive

0.279Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

36.4 / 35.6Bullish
Williams %R (14)

Neutral zone

-63.6Range
CCI (20)

Balanced zone

-57.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

39.8Bearish
OBV slope

20-period OBV slope

-114.47%Bearish
Volume ratio

Relative to 20-period average volume

0.11xBearish

Trend

Dow Theory Structure

Confirmation $7.94, invalidation $9.69

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

Trend strength is active

54.1 / 18.3 / 20.0Bearish
Supertrend (10,3)

Price is above Supertrend

$6.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$10.84 / $17.32Bearish
Donchian Channel (20)

20-period breakout channel position

11%Bearish

Momentum

RSI (14)

Momentum is weak

30.1Bearish
MACD (12,26,9)

Histogram is positive

0.279Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

36.4 / 35.6Bullish
Williams %R (14)

Neutral zone

-63.6Range
CCI (20)

Balanced zone

-57.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$0.7196 (8.2%)Bearish
Bollinger Bands (20,2)

Width 62.71%

37%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$11.63 / $8.94Bearish
ATR channel lower / upper

Current Volatility Envelope

$8.06 / $9.5Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

39.8Bearish
OBV slope

20-period OBV slope

-114.47%Bearish
Volume ratio

Relative to 20-period average volume

0.11xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$18.92Range
Support

Nearest Downside Decision Level

$7.94Range

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