US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

4 hoursBearish61%
4h Downside probability 61%Bearish

TME 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $8.87 and stabilize above resistance $9.11.

Invalidation Trigger

Break above $9.11 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 45.5, MACD 0.002

4h
Volatility EnvironmentBullish
Low volatility

ATR is $0.1304 (1.48%)

4h

EMA Structure

Bearish
EMA 8$8.84Bearish
EMA 21$8.87Bearish
EMA 50$8.97Bearish

Signals

CategoryReadStrength
Momentum
RSI 45.5 · MACD 0.002

Neutral zone

Strength
Bearish
Volatility
ATR $0.1304 · BB 3.62%

Low volatility

Strength
Bullish
Volume
MFI 58.8 · OBV 95.82%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$8.32 - $9.11

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+5% · 3.4 ATR above latest close

$9.24
Nearest resistance

+3.52% · 2.4 ATR above · 34-bar high

$9.11
Current price

Price shown is delayed

$8.8
Nearest support

-5.45% · 3.7 ATR below · 34-bar low

$8.32
Deeper support zone

-6.94% · 4.7 ATR below latest close

$8.19
ATR zone

Latest close ± ATR14

$8.67 - $8.93

Indicators

Trend

Dow Theory Structure

Confirmation $8.98, invalidation $8.75

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

Trend strength is active

37.0 / 26.8 / 32.4Bearish
Supertrend (10,3)

Price is above Supertrend

$8.44Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.84 / $9.12Bearish
Donchian Channel (20)

20-period breakout channel position

34%Range

Volatility

ATR (14)

Low volatility

$0.1304 (1.48%)Bullish
Bollinger Bands (20,2)

Width 3.62%

27%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.1 / $8.63Bullish
ATR channel lower / upper

Current Volatility Envelope

$8.67 / $8.93Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.11Range
Support

Nearest Downside Decision Level

$8.32Range

Momentum

RSI (14)

Neutral zone

45.5Range
MACD (12,26,9)

Histogram is positive

0.002Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

34.0 / 39.7Bearish
Williams %R (14)

Neutral zone

-66.0Range
CCI (20)

Balanced zone

-88.4Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

58.8Bullish
OBV slope

20-period OBV slope

95.82%Bullish
Volume ratio

Relative to 20-period average volume

0.48xBearish

Trend

Dow Theory Structure

Confirmation $8.98, invalidation $8.75

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

Trend strength is active

37.0 / 26.8 / 32.4Bearish
Supertrend (10,3)

Price is above Supertrend

$8.44Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.84 / $9.12Bearish
Donchian Channel (20)

20-period breakout channel position

34%Range

Momentum

RSI (14)

Neutral zone

45.5Range
MACD (12,26,9)

Histogram is positive

0.002Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

34.0 / 39.7Bearish
Williams %R (14)

Neutral zone

-66.0Range
CCI (20)

Balanced zone

-88.4Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$0.1304 (1.48%)Bullish
Bollinger Bands (20,2)

Width 3.62%

27%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.1 / $8.63Bullish
ATR channel lower / upper

Current Volatility Envelope

$8.67 / $8.93Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

58.8Bullish
OBV slope

20-period OBV slope

95.82%Bullish
Volume ratio

Relative to 20-period average volume

0.48xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.11Range
Support

Nearest Downside Decision Level

$8.32Range

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