US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

3 monthsRange49%
3M Range probability 98%Range

TME 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

3M: price is below EMA21, short trend is weak

Confirmation Trigger

Break either side of $2.95 - $32.25 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

3M
Momentum StateBearish
Momentum soft

RSI 45.2, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $4.68 (51.87%)

3M

EMA Structure

Range
EMA 8$12.19Bearish
EMA 21$12.17Bearish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 45.2 · MACD --

Neutral zone

Strength
Bearish
Volatility
ATR $4.68 · BB 188.42%

High volatility

Strength
Bearish
Volume
MFI 50.7 · OBV -84.20%

Relative to 20-period average volume

Strength
Range
Price Levels
$2.95 - $32.25

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+308.99% · 6.0 ATR above latest close

$36.93
Nearest resistance

+257.12% · 5.0 ATR above · 29-bar high

$32.25
Current price

Price shown is delayed

$9.03
Nearest support

-67.33% · 1.3 ATR below · 29-bar low

$2.95
Deeper support zone

-119.2% · 2.3 ATR below latest close

-$1.73
ATR zone

Latest close ± ATR14

$4.35 - $13.71

Indicators

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $7.94

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

Trend strength is active

31.8 / 31.2 / 20.5Bullish
Supertrend (10,3)

Price is above Supertrend

-$7.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$17.46 / --Bearish
Donchian Channel (20)

20-period breakout channel position

26%Bearish

Volatility

ATR (14)

High volatility

$4.68 (51.87%)Bearish
Bollinger Bands (20,2)

Width 188.42%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$23.19 / $1.29Bearish
ATR channel lower / upper

Current Volatility Envelope

$4.35 / $13.71Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$32.25Range
Support

Nearest Downside Decision Level

$2.95Range

Momentum

RSI (14)

Neutral zone

45.2Range
MACD (12,26,9)

Histogram is negative

--Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

15.9 / 18.2Bearish
Williams %R (14)

Oversold zone

-84.1Bullish
CCI (20)

Balanced zone

-28.2Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.7Range
OBV slope

20-period OBV slope

-84.20%Bearish
Volume ratio

Relative to 20-period average volume

0.07xBearish

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $7.94

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

Trend strength is active

31.8 / 31.2 / 20.5Bullish
Supertrend (10,3)

Price is above Supertrend

-$7.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$17.46 / --Bearish
Donchian Channel (20)

20-period breakout channel position

26%Bearish

Momentum

RSI (14)

Neutral zone

45.2Range
MACD (12,26,9)

Histogram is negative

--Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

15.9 / 18.2Bearish
Williams %R (14)

Oversold zone

-84.1Bullish
CCI (20)

Balanced zone

-28.2Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$4.68 (51.87%)Bearish
Bollinger Bands (20,2)

Width 188.42%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$23.19 / $1.29Bearish
ATR channel lower / upper

Current Volatility Envelope

$4.35 / $13.71Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.7Range
OBV slope

20-period OBV slope

-84.20%Bearish
Volume ratio

Relative to 20-period average volume

0.07xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$32.25Range
Support

Nearest Downside Decision Level

$2.95Range

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