US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

3 monthsRange47%
3M Range probability 94%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 43.8, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $4.79 (59.98%)

3M

EMA Structure

Range
EMA 8$11.95Bearish
EMA 21$12.08Bearish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 43.8 · MACD --

Momentum is weak

Strength
Bearish
Volatility
ATR $4.79 · BB 190.16%

High volatility

Strength
Bearish
Volume
MFI 49.0 · OBV -161.29%

Relative to 20-period average volume

Strength
Range
Price Levels
$2.95 - $32.25

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+364.09% · 6.1 ATR above latest close

$37.03
Nearest resistance

+304.11% · 5.1 ATR above · 29-bar high

$32.25
Current price

Price shown is delayed

$7.98
Nearest support

-63.03% · 1.1 ATR below · 29-bar low

$2.95
Deeper support zone

-123.01% · 2.1 ATR below latest close

-$1.84
ATR zone

Latest close ± ATR14

$3.19 - $12.77

Indicators

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $9.41

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

Trend strength is active

31.7 / 30.6 / 20.3Bullish
Supertrend (10,3)

Price is above Supertrend

-$8Bullish
Ichimoku Cloud

Cloud Span A / Span B

$17.42 / --Bearish
Donchian Channel (20)

20-period breakout channel position

21%Bearish

Volatility

ATR (14)

High volatility

$4.79 (59.98%)Bearish
Bollinger Bands (20,2)

Width 190.16%

38%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$23.37 / $0.9021Bearish
ATR channel lower / upper

Current Volatility Envelope

$3.19 / $12.77Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$32.25Range
Support

Nearest Downside Decision Level

$2.95Range

Momentum

RSI (14)

Momentum is weak

43.8Bearish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

10.9 / 16.5Bearish
Williams %R (14)

Oversold zone

-89.1Bullish
CCI (20)

Balanced zone

-32.4Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

49.0Range
OBV slope

20-period OBV slope

-161.29%Bearish
Volume ratio

Relative to 20-period average volume

0.62xBearish

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $9.41

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

Trend strength is active

31.7 / 30.6 / 20.3Bullish
Supertrend (10,3)

Price is above Supertrend

-$8Bullish
Ichimoku Cloud

Cloud Span A / Span B

$17.42 / --Bearish
Donchian Channel (20)

20-period breakout channel position

21%Bearish

Momentum

RSI (14)

Momentum is weak

43.8Bearish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

10.9 / 16.5Bearish
Williams %R (14)

Oversold zone

-89.1Bullish
CCI (20)

Balanced zone

-32.4Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$4.79 (59.98%)Bearish
Bollinger Bands (20,2)

Width 190.16%

38%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$23.37 / $0.9021Bearish
ATR channel lower / upper

Current Volatility Envelope

$3.19 / $12.77Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

49.0Range
OBV slope

20-period OBV slope

-161.29%Bearish
Volume ratio

Relative to 20-period average volume

0.62xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$32.25Range
Support

Nearest Downside Decision Level

$2.95Range

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