US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

4 hoursBearish92%
4h Downside probability 92%Bearish

TME 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $8.71 and stabilize above resistance $9.66.

Invalidation Trigger

Break above $9.66 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 30.5, MACD -0.075

4h
Volatility EnvironmentRange
Medium volatility

ATR is $0.1871 (2.28%)

4h

EMA Structure

Bearish
EMA 8$8.4Bearish
EMA 21$8.71Bearish
EMA 50$8.97Bearish

Signals

CategoryReadStrength
Momentum
RSI 30.5 · MACD -0.075

Momentum is weak

Strength
Bearish
Volatility
ATR $0.1871 · BB 19.10%

Medium volatility

Strength
Range
Volume
MFI 15.3 · OBV -28.07%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$8.16 - $9.66

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+20.01% · 8.8 ATR above latest close

$9.85
Nearest resistance

+17.73% · 7.8 ATR above · 34-bar high

$9.66
Current price

Price shown is delayed

$8.21
Nearest support

-0.61% · 0.3 ATR below · 34-bar low

$8.16
Deeper support zone

-2.89% · 1.3 ATR below latest close

$7.97
ATR zone

Latest close ± ATR14

$8.02 - $8.39

Indicators

Trend

Dow Theory Structure

Confirmation $8.16, invalidation $9.42

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

41.5 / 4.8 / 46.2Bearish
Supertrend (10,3)

Price is above Supertrend

$7.68Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.65 / $8.91Bearish
Donchian Channel (20)

20-period breakout channel position

4%Bearish

Volatility

ATR (14)

Medium volatility

$0.1871 (2.28%)Range
Bollinger Bands (20,2)

Width 19.10%

13%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.07 / $8.31Range
ATR channel lower / upper

Current Volatility Envelope

$8.02 / $8.39Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.66Range
Support

Nearest Downside Decision Level

$8.16Range

Momentum

RSI (14)

Momentum is weak

30.5Bearish
MACD (12,26,9)

Histogram is negative

-0.075Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

4.1 / 7.2Bearish
Williams %R (14)

Oversold zone

-95.9Bullish
CCI (20)

Weak expansion

-111.5Bearish
TD Sequential

Exhaustion setup is near completion

buy 13Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

15.3Bearish
OBV slope

20-period OBV slope

-28.07%Bearish
Volume ratio

Relative to 20-period average volume

0.41xBearish

Trend

Dow Theory Structure

Confirmation $8.16, invalidation $9.42

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

41.5 / 4.8 / 46.2Bearish
Supertrend (10,3)

Price is above Supertrend

$7.68Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.65 / $8.91Bearish
Donchian Channel (20)

20-period breakout channel position

4%Bearish

Momentum

RSI (14)

Momentum is weak

30.5Bearish
MACD (12,26,9)

Histogram is negative

-0.075Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

4.1 / 7.2Bearish
Williams %R (14)

Oversold zone

-95.9Bullish
CCI (20)

Weak expansion

-111.5Bearish
TD Sequential

Exhaustion setup is near completion

buy 13Bullish

Volatility

ATR (14)

Medium volatility

$0.1871 (2.28%)Range
Bollinger Bands (20,2)

Width 19.10%

13%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$9.07 / $8.31Range
ATR channel lower / upper

Current Volatility Envelope

$8.02 / $8.39Range

Volume / Money Flow

MFI (14)

Money flow is weak

15.3Bearish
OBV slope

20-period OBV slope

-28.07%Bearish
Volume ratio

Relative to 20-period average volume

0.41xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$9.66Range
Support

Nearest Downside Decision Level

$8.16Range

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