US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

3 monthsBearish64%
3M Downside probability 64%Bearish

TME 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $11.53 and stabilize above resistance $32.2.

Invalidation Trigger

Break above $32.2 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

3M
Momentum StateBearish
Momentum soft

RSI 42.2, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $4.78 (58.38%)

3M

EMA Structure

Range
EMA 8$13.1Bearish
EMA 21$11.53Bearish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 42.2 · MACD --

Momentum is weak

Strength
Bearish
Volatility
ATR $4.78 · BB 191.98%

High volatility

Strength
Bearish
Volume
MFI 46.2 · OBV -3345.86%

Relative to 20-period average volume

Strength
Range
Price Levels
$2.95 - $32.2

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+351.24% · 6.0 ATR above latest close

$36.98
Nearest resistance

+292.86% · 5.0 ATR above · 24-bar high

$32.2
Current price

Price shown is delayed

$8.2
Nearest support

-64% · 1.1 ATR below · 24-bar low

$2.95
Deeper support zone

-122.38% · 2.1 ATR below latest close

-$1.83
ATR zone

Latest close ± ATR14

$3.41 - $12.98

Indicators

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $9.42

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

Trend strength is moderate

-- / -- / --Bearish
Supertrend (10,3)

Price is above Supertrend

-$8.02Bullish
Ichimoku Cloud

Cloud Span A / Span B

-- / --Bullish
Donchian Channel (20)

20-period breakout channel position

22%Bearish

Volatility

ATR (14)

High volatility

$4.78 (58.38%)Bearish
Bollinger Bands (20,2)

Width 191.98%

39%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$23.42 / $0.5024Bearish
ATR channel lower / upper

Current Volatility Envelope

$3.41 / $12.98Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$32.2Range
Support

Nearest Downside Decision Level

$2.95Range

Momentum

RSI (14)

Momentum is weak

42.2Bearish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

11.8 / 33.0Bearish
Williams %R (14)

Oversold zone

-88.2Bullish
CCI (20)

Balanced zone

-29.1Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.2Range
OBV slope

20-period OBV slope

-3345.86%Bearish
Volume ratio

Relative to 20-period average volume

1.70xBullish

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $9.42

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

Trend strength is moderate

-- / -- / --Bearish
Supertrend (10,3)

Price is above Supertrend

-$8.02Bullish
Ichimoku Cloud

Cloud Span A / Span B

-- / --Bullish
Donchian Channel (20)

20-period breakout channel position

22%Bearish

Momentum

RSI (14)

Momentum is weak

42.2Bearish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

11.8 / 33.0Bearish
Williams %R (14)

Oversold zone

-88.2Bullish
CCI (20)

Balanced zone

-29.1Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$4.78 (58.38%)Bearish
Bollinger Bands (20,2)

Width 191.98%

39%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$23.42 / $0.5024Bearish
ATR channel lower / upper

Current Volatility Envelope

$3.41 / $12.98Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.2Range
OBV slope

20-period OBV slope

-3345.86%Bearish
Volume ratio

Relative to 20-period average volume

1.70xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$32.2Range
Support

Nearest Downside Decision Level

$2.95Range

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