US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

3 monthsBullish68%
3M Upside probability 68%Bullish

TME 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Hold above $2.95 and reclaim $32.25.

Invalidation Trigger

Lose $2.95 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

3M
Momentum StateRange
Momentum mixed

RSI 45.4, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $4.8 (53.27%)

3M

EMA Structure

Range
EMA 8$11.29Bearish
EMA 21$11.79Bearish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 45.4 · MACD --

Neutral zone

Strength
Range
Volatility
ATR $4.8 · BB 186.16%

High volatility

Strength
Bearish
Volume
MFI 51.2 · OBV 21.88%

Relative to 20-period average volume

Strength
Range
Price Levels
$2.95 - $32.25

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+310.79% · 5.8 ATR above latest close

$37.05
Nearest resistance

+257.52% · 4.8 ATR above · 30-bar high

$32.25
Current price

Price shown is delayed

$9.02
Nearest support

-67.29% · 1.3 ATR below · 30-bar low

$2.95
Deeper support zone

-120.56% · 2.3 ATR below latest close

-$1.85
ATR zone

Latest close ± ATR14

$4.22 - $13.82

Indicators

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $5.7

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

Trend strength is active

32.0 / 30.4 / 20.1Bullish
Supertrend (10,3)

Price is above Supertrend

-$7.35Bullish
Ichimoku Cloud

Cloud Span A / Span B

$17.39 / --Bearish
Donchian Channel (20)

20-period breakout channel position

26%Bearish

Volatility

ATR (14)

High volatility

$4.8 (53.27%)Bearish
Bollinger Bands (20,2)

Width 186.16%

42%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$22.53 / $1.14Bearish
ATR channel lower / upper

Current Volatility Envelope

$4.22 / $13.82Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$32.25Range
Support

Nearest Downside Decision Level

$2.95Range

Momentum

RSI (14)

Neutral zone

45.4Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

15.8 / 13.0Bullish
Williams %R (14)

Oversold zone

-84.2Bullish
CCI (20)

Balanced zone

-30.0Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.2Range
OBV slope

20-period OBV slope

21.88%Bullish
Volume ratio

Relative to 20-period average volume

0.25xBearish

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $5.7

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

Trend strength is active

32.0 / 30.4 / 20.1Bullish
Supertrend (10,3)

Price is above Supertrend

-$7.35Bullish
Ichimoku Cloud

Cloud Span A / Span B

$17.39 / --Bearish
Donchian Channel (20)

20-period breakout channel position

26%Bearish

Momentum

RSI (14)

Neutral zone

45.4Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

15.8 / 13.0Bullish
Williams %R (14)

Oversold zone

-84.2Bullish
CCI (20)

Balanced zone

-30.0Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

High volatility

$4.8 (53.27%)Bearish
Bollinger Bands (20,2)

Width 186.16%

42%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$22.53 / $1.14Bearish
ATR channel lower / upper

Current Volatility Envelope

$4.22 / $13.82Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.2Range
OBV slope

20-period OBV slope

21.88%Bullish
Volume ratio

Relative to 20-period average volume

0.25xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$32.25Range
Support

Nearest Downside Decision Level

$2.95Range

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