US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

4 hoursBearish57%
4h Downside probability 57%Bearish

TME 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Recover $8.81 and stabilize above resistance $9.03.

Invalidation Trigger

Break above $9.03 with RSI back above 50.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 49.5, MACD -0.025

4h
Volatility EnvironmentBullish
Low volatility

ATR is $0.09517 (1.08%)

4h

EMA Structure

Bullish
EMA 8$8.82Bearish
EMA 21$8.81Bearish
EMA 50$8.74Bullish

Signals

CategoryReadStrength
Momentum
RSI 49.5 · MACD -0.025

Neutral zone

Strength
Bearish
Volatility
ATR $0.09517 · BB 2.34%

Low volatility

Strength
Bullish
Volume
MFI 53.4 · OBV -0.99%

Relative to 20-period average volume

Strength
Range
Price Levels
$8.47 - $9.03

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+3.93% · 3.6 ATR above latest close

$9.13
Nearest resistance

+2.85% · 2.6 ATR above · 34-bar high

$9.03
Current price

Price shown is delayed

$8.78
Nearest support

-3.53% · 3.3 ATR below · 34-bar low

$8.47
Deeper support zone

-4.61% · 4.3 ATR below latest close

$8.37
ATR zone

Latest close ± ATR14

$8.68 - $8.88

Indicators

Trend

Dow Theory Structure

Confirmation $8.93, invalidation $8.74

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

Trend strength is active

44.5 / 18.8 / 19.5Bearish
Supertrend (10,3)

Price is above Supertrend

$8.5Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.82 / $8.49Bearish
Donchian Channel (20)

20-period breakout channel position

32%Range

Volatility

ATR (14)

Low volatility

$0.09517 (1.08%)Bullish
Bollinger Bands (20,2)

Width 2.34%

17%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9 / $8.62Bullish
ATR channel lower / upper

Current Volatility Envelope

$8.68 / $8.88Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.03Range
Support

Nearest Downside Decision Level

$8.47Range

Momentum

RSI (14)

Neutral zone

49.5Range
MACD (12,26,9)

Histogram is negative

-0.025Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.4 / 28.5Bearish
Williams %R (14)

Oversold zone

-80.6Bullish
CCI (20)

Weak expansion

-114.9Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

53.4Range
OBV slope

20-period OBV slope

-0.99%Bearish
Volume ratio

Relative to 20-period average volume

0.61xBearish

Trend

Dow Theory Structure

Confirmation $8.93, invalidation $8.74

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

Trend strength is active

44.5 / 18.8 / 19.5Bearish
Supertrend (10,3)

Price is above Supertrend

$8.5Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.82 / $8.49Bearish
Donchian Channel (20)

20-period breakout channel position

32%Range

Momentum

RSI (14)

Neutral zone

49.5Range
MACD (12,26,9)

Histogram is negative

-0.025Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.4 / 28.5Bearish
Williams %R (14)

Oversold zone

-80.6Bullish
CCI (20)

Weak expansion

-114.9Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Low volatility

$0.09517 (1.08%)Bullish
Bollinger Bands (20,2)

Width 2.34%

17%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9 / $8.62Bullish
ATR channel lower / upper

Current Volatility Envelope

$8.68 / $8.88Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

53.4Range
OBV slope

20-period OBV slope

-0.99%Bearish
Volume ratio

Relative to 20-period average volume

0.61xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.03Range
Support

Nearest Downside Decision Level

$8.47Range

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