US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 weekBearish84%
Weekly Downside probability 84%Bearish

TME 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $9.94 and stabilize above resistance $18.73.

Invalidation Trigger

Break above $18.73 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 34.3, MACD 0.363

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $0.7082 (8.05%)

Weekly

EMA Structure

Bearish
EMA 8$9.03Bearish
EMA 21$9.94Bearish
EMA 50$12.43Bearish

Signals

CategoryReadStrength
Momentum
RSI 34.3 · MACD 0.363

Momentum is weak

Strength
Bearish
Volatility
ATR $0.7082 · BB 17.14%

High volatility

Strength
Bearish
Volume
MFI 38.4 · OBV -0.53%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.94 - $18.73

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+120.89% · 15.0 ATR above latest close

$19.44
Nearest resistance

+112.84% · 14.0 ATR above · 34-bar high

$18.73
Current price

Price shown is delayed

$8.8
Nearest support

-9.77% · 1.2 ATR below · 34-bar low

$7.94
Deeper support zone

-17.82% · 2.2 ATR below latest close

$7.23
ATR zone

Latest close ± ATR14

$8.09 - $9.51

Indicators

Trend

Dow Theory Structure

Confirmation $9.94, invalidation $7.94

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

32.6 / 21.2 / 23.4Bearish
Supertrend (10,3)

Price is above Supertrend

$6.66Bullish
Ichimoku Cloud

Cloud Span A / Span B

$10.32 / $17.32Bearish
Donchian Channel (20)

20-period breakout channel position

37%Bearish

Volatility

ATR (14)

High volatility

$0.7082 (8.05%)Bearish
Bollinger Bands (20,2)

Width 17.14%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$11.32 / $8.34Bearish
ATR channel lower / upper

Current Volatility Envelope

$8.09 / $9.51Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$18.73Range
Support

Nearest Downside Decision Level

$7.94Range

Momentum

RSI (14)

Momentum is weak

34.3Bearish
MACD (12,26,9)

Histogram is positive

0.363Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

43.0 / 55.8Bearish
Williams %R (14)

Neutral zone

-57.0Range
CCI (20)

Balanced zone

-59.5Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

38.4Bearish
OBV slope

20-period OBV slope

-0.53%Bearish
Volume ratio

Relative to 20-period average volume

1.19xBullish

Trend

Dow Theory Structure

Confirmation $9.94, invalidation $7.94

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

32.6 / 21.2 / 23.4Bearish
Supertrend (10,3)

Price is above Supertrend

$6.66Bullish
Ichimoku Cloud

Cloud Span A / Span B

$10.32 / $17.32Bearish
Donchian Channel (20)

20-period breakout channel position

37%Bearish

Momentum

RSI (14)

Momentum is weak

34.3Bearish
MACD (12,26,9)

Histogram is positive

0.363Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

43.0 / 55.8Bearish
Williams %R (14)

Neutral zone

-57.0Range
CCI (20)

Balanced zone

-59.5Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$0.7082 (8.05%)Bearish
Bollinger Bands (20,2)

Width 17.14%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$11.32 / $8.34Bearish
ATR channel lower / upper

Current Volatility Envelope

$8.09 / $9.51Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

38.4Bearish
OBV slope

20-period OBV slope

-0.53%Bearish
Volume ratio

Relative to 20-period average volume

1.19xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$18.73Range
Support

Nearest Downside Decision Level

$7.94Range

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