US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 weekBearish83%
Weekly Downside probability 83%Bearish

TME 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $10.96 and stabilize above resistance $23.24.

Invalidation Trigger

Break above $23.24 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 25.0, MACD 0.141

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $0.7704 (9.4%)

Weekly

EMA Structure

Bearish
EMA 8$9Bearish
EMA 21$10.96Bearish
EMA 50$13.71Bearish

Signals

CategoryReadStrength
Momentum
RSI 25.0 · MACD 0.141

Momentum is weak

Strength
Bearish
Volatility
ATR $0.7704 · BB 93.15%

High volatility

Strength
Bearish
Volume
MFI 43.5 · OBV -46.05%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$8.11 - $23.24

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+192.99% · 20.5 ATR above latest close

$24.01
Nearest resistance

+183.59% · 19.5 ATR above · 34-bar high

$23.24
Current price

Price shown is delayed

$8.2
Nearest support

-1.1% · 0.1 ATR below · 34-bar low

$8.11
Deeper support zone

-10.5% · 1.1 ATR below latest close

$7.33
ATR zone

Latest close ± ATR14

$7.42 - $8.97

Indicators

Trend

Dow Theory Structure

Confirmation $8.44, invalidation $9.66

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

Trend strength is active

69.1 / 12.9 / 27.3Bearish
Supertrend (10,3)

Price is above Supertrend

$6.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$11.21 / $17.4Bearish
Donchian Channel (20)

20-period breakout channel position

1%Bearish

Volatility

ATR (14)

High volatility

$0.7704 (9.4%)Bearish
Bollinger Bands (20,2)

Width 93.15%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$12.33 / $9.28Bearish
ATR channel lower / upper

Current Volatility Envelope

$7.42 / $8.97Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$23.24Range
Support

Nearest Downside Decision Level

$8.11Range

Momentum

RSI (14)

Momentum is weak

25.0Bearish
MACD (12,26,9)

Histogram is positive

0.141Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

4.2 / 6.4Bearish
Williams %R (14)

Oversold zone

-95.8Bullish
CCI (20)

Balanced zone

-75.6Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

43.5Bearish
OBV slope

20-period OBV slope

-46.05%Bearish
Volume ratio

Relative to 20-period average volume

0.23xBearish

Trend

Dow Theory Structure

Confirmation $8.44, invalidation $9.66

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

Trend strength is active

69.1 / 12.9 / 27.3Bearish
Supertrend (10,3)

Price is above Supertrend

$6.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$11.21 / $17.4Bearish
Donchian Channel (20)

20-period breakout channel position

1%Bearish

Momentum

RSI (14)

Momentum is weak

25.0Bearish
MACD (12,26,9)

Histogram is positive

0.141Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

4.2 / 6.4Bearish
Williams %R (14)

Oversold zone

-95.8Bullish
CCI (20)

Balanced zone

-75.6Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$0.7704 (9.4%)Bearish
Bollinger Bands (20,2)

Width 93.15%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$12.33 / $9.28Bearish
ATR channel lower / upper

Current Volatility Envelope

$7.42 / $8.97Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.5Bearish
OBV slope

20-period OBV slope

-46.05%Bearish
Volume ratio

Relative to 20-period average volume

0.23xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$23.24Range
Support

Nearest Downside Decision Level

$8.11Range

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