US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

1 weekBearish64%
Weekly Downside probability 64%Bearish

TME 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $9.13 and stabilize above resistance $17.18.

Invalidation Trigger

Break above $17.18 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 32.4, MACD 0.185

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $0.6521 (8.42%)

Weekly

EMA Structure

Bearish
EMA 8$8.26Bearish
EMA 21$9.13Bearish
EMA 50$11.51Bearish

Signals

CategoryReadStrength
Momentum
RSI 32.4 · MACD 0.185

Momentum is weak

Strength
Bearish
Volatility
ATR $0.6521 · BB 22.83%

High volatility

Strength
Bearish
Volume
MFI 36.5 · OBV -56.48%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.66 - $17.18

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+130.39% · 15.5 ATR above latest close

$17.83
Nearest resistance

+121.96% · 14.5 ATR above · 34-bar high

$17.18
Current price

Price shown is delayed

$7.74
Nearest support

-1.03% · 0.1 ATR below · 34-bar low

$7.66
Deeper support zone

-9.46% · 1.1 ATR below latest close

$7.01
ATR zone

Latest close ± ATR14

$7.09 - $8.39

Indicators

Trend

Dow Theory Structure

Confirmation $9.94, invalidation $8.21

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

Trend strength is moderate

13.6 / 22.3 / 24.2Bearish
Supertrend (10,3)

Price is above Supertrend

$6.04Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.83 / $15.76Bearish
Donchian Channel (20)

20-period breakout channel position

4%Bearish

Volatility

ATR (14)

High volatility

$0.6521 (8.42%)Bearish
Bollinger Bands (20,2)

Width 22.83%

1%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$10.4 / $7.68Bearish
ATR channel lower / upper

Current Volatility Envelope

$7.09 / $8.39Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$17.18Range
Support

Nearest Downside Decision Level

$7.66Range

Momentum

RSI (14)

Momentum is weak

32.4Bearish
MACD (12,26,9)

Histogram is positive

0.185Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

3.5 / 12.3Bearish
Williams %R (14)

Oversold zone

-96.5Bullish
CCI (20)

Weak expansion

-128.0Bearish
TD Sequential

Exhaustion setup is near completion

buy 8Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

36.5Bearish
OBV slope

20-period OBV slope

-56.48%Bearish
Volume ratio

Relative to 20-period average volume

0.63xBearish

Trend

Dow Theory Structure

Confirmation $9.94, invalidation $8.21

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

Trend strength is moderate

13.6 / 22.3 / 24.2Bearish
Supertrend (10,3)

Price is above Supertrend

$6.04Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.83 / $15.76Bearish
Donchian Channel (20)

20-period breakout channel position

4%Bearish

Momentum

RSI (14)

Momentum is weak

32.4Bearish
MACD (12,26,9)

Histogram is positive

0.185Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

3.5 / 12.3Bearish
Williams %R (14)

Oversold zone

-96.5Bullish
CCI (20)

Weak expansion

-128.0Bearish
TD Sequential

Exhaustion setup is near completion

buy 8Bullish

Volatility

ATR (14)

High volatility

$0.6521 (8.42%)Bearish
Bollinger Bands (20,2)

Width 22.83%

1%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$10.4 / $7.68Bearish
ATR channel lower / upper

Current Volatility Envelope

$7.09 / $8.39Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

36.5Bearish
OBV slope

20-period OBV slope

-56.48%Bearish
Volume ratio

Relative to 20-period average volume

0.63xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$17.18Range
Support

Nearest Downside Decision Level

$7.66Range

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