US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

3 monthsBearish57%
3M Downside probability 57%Bearish

TME 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $12.15 and stabilize above resistance $32.25.

Invalidation Trigger

Break above $32.25 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

3M
Momentum StateBearish
Momentum soft

RSI 44.9, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $4.76 (54.04%)

3M

EMA Structure

Range
EMA 8$12.14Bearish
EMA 21$12.15Bearish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 44.9 · MACD --

Momentum is weak

Strength
Bearish
Volatility
ATR $4.76 · BB 188.76%

High volatility

Strength
Bearish
Volume
MFI 52.4 · OBV -42.46%

Relative to 20-period average volume

Strength
Range
Price Levels
$2.95 - $32.25

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+320.49% · 5.9 ATR above latest close

$37
Nearest resistance

+266.46% · 4.9 ATR above · 29-bar high

$32.25
Current price

Price shown is delayed

$8.8
Nearest support

-66.48% · 1.2 ATR below · 29-bar low

$2.95
Deeper support zone

-120.51% · 2.2 ATR below latest close

-$1.81
ATR zone

Latest close ± ATR14

$4.04 - $13.56

Indicators

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $7.94

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

Trend strength is active

31.8 / 30.8 / 20.2Bullish
Supertrend (10,3)

Price is above Supertrend

-$7.65Bullish
Ichimoku Cloud

Cloud Span A / Span B

$17.46 / --Bearish
Donchian Channel (20)

20-period breakout channel position

25%Bearish

Volatility

ATR (14)

High volatility

$4.76 (54.04%)Bearish
Bollinger Bands (20,2)

Width 188.76%

41%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$23.36 / $1.07Bearish
ATR channel lower / upper

Current Volatility Envelope

$4.04 / $13.56Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$32.25Range
Support

Nearest Downside Decision Level

$2.95Range

Momentum

RSI (14)

Momentum is weak

44.9Bearish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

14.8 / 17.8Bearish
Williams %R (14)

Oversold zone

-85.2Bullish
CCI (20)

Balanced zone

-25.7Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.4Range
OBV slope

20-period OBV slope

-42.46%Bearish
Volume ratio

Relative to 20-period average volume

0.45xBearish

Trend

Dow Theory Structure

Confirmation $26.7, invalidation $7.94

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

Trend strength is active

31.8 / 30.8 / 20.2Bullish
Supertrend (10,3)

Price is above Supertrend

-$7.65Bullish
Ichimoku Cloud

Cloud Span A / Span B

$17.46 / --Bearish
Donchian Channel (20)

20-period breakout channel position

25%Bearish

Momentum

RSI (14)

Momentum is weak

44.9Bearish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

14.8 / 17.8Bearish
Williams %R (14)

Oversold zone

-85.2Bullish
CCI (20)

Balanced zone

-25.7Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$4.76 (54.04%)Bearish
Bollinger Bands (20,2)

Width 188.76%

41%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$23.36 / $1.07Bearish
ATR channel lower / upper

Current Volatility Envelope

$4.04 / $13.56Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.4Range
OBV slope

20-period OBV slope

-42.46%Bearish
Volume ratio

Relative to 20-period average volume

0.45xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$32.25Range
Support

Nearest Downside Decision Level

$2.95Range

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