US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

3 monthsBullish58%
3M Upside probability 58%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 StateBearish
Momentum soft

RSI 43.5, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $4.68 (60.49%)

3M

EMA Structure

Range
EMA 8$11.01Bearish
EMA 21$11.68Bearish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 43.5 · MACD --

Momentum is weak

Strength
Bearish
Volatility
ATR $4.68 · BB 188.36%

High volatility

Strength
Bearish
Volume
MFI 50.3 · OBV 12.70%

Relative to 20-period average volume

Strength
Range
Price Levels
$2.95 - $32.25

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+377.14% · 6.2 ATR above latest close

$36.93
Nearest resistance

+316.64% · 5.2 ATR above · 30-bar high

$32.25
Current price

Price shown is delayed

$7.74
Nearest support

-61.89% · 1.0 ATR below · 30-bar low

$2.95
Deeper support zone

-122.38% · 2.0 ATR below latest close

-$1.73
ATR zone

Latest close ± ATR14

$3.06 - $12.42

Indicators

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $5.7

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

Trend strength is active

32.0 / 31.2 / 20.6Bullish
Supertrend (10,3)

Price is above Supertrend

-$7.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$17.39 / --Bearish
Donchian Channel (20)

20-period breakout channel position

20%Bearish

Volatility

ATR (14)

High volatility

$4.68 (60.49%)Bearish
Bollinger Bands (20,2)

Width 188.36%

36%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$22.07 / $1.36Bearish
ATR channel lower / upper

Current Volatility Envelope

$3.06 / $12.42Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$32.25Range
Support

Nearest Downside Decision Level

$2.95Range

Momentum

RSI (14)

Momentum is weak

43.5Bearish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

9.7 / 11.0Bearish
Williams %R (14)

Oversold zone

-90.3Bullish
CCI (20)

Balanced zone

-45.9Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.3Range
OBV slope

20-period OBV slope

12.70%Bullish
Volume ratio

Relative to 20-period average volume

0.02xBearish

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $5.7

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

Trend strength is active

32.0 / 31.2 / 20.6Bullish
Supertrend (10,3)

Price is above Supertrend

-$7.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$17.39 / --Bearish
Donchian Channel (20)

20-period breakout channel position

20%Bearish

Momentum

RSI (14)

Momentum is weak

43.5Bearish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

9.7 / 11.0Bearish
Williams %R (14)

Oversold zone

-90.3Bullish
CCI (20)

Balanced zone

-45.9Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

High volatility

$4.68 (60.49%)Bearish
Bollinger Bands (20,2)

Width 188.36%

36%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$22.07 / $1.36Bearish
ATR channel lower / upper

Current Volatility Envelope

$3.06 / $12.42Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.3Range
OBV slope

20-period OBV slope

12.70%Bullish
Volume ratio

Relative to 20-period average volume

0.02xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$32.25Range
Support

Nearest Downside Decision Level

$2.95Range

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