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 $7.94 and stabilize above resistance $8.5.

Invalidation Trigger

Break above $8.5 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 34.5, MACD -0.030

4h
Volatility EnvironmentBullish
Low volatility

ATR is $0.07401 (0.96%)

4h

EMA Structure

Bearish
EMA 8$7.8Bearish
EMA 21$7.94Bearish
EMA 50$8.05Bearish

Signals

CategoryReadStrength
Momentum
RSI 34.5 · MACD -0.030

Momentum is weak

Strength
Bearish
Volatility
ATR $0.07401 · BB 13.19%

Low volatility

Strength
Bullish
Volume
MFI 27.6 · OBV -7.45%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$7.68 - $8.5

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+10.78% · 11.3 ATR above latest close

$8.57
Nearest resistance

+9.82% · 10.3 ATR above · 34-bar high

$8.5
Current price

Price shown is delayed

$7.74
Nearest support

-0.84% · 0.9 ATR below · 34-bar low

$7.68
Deeper support zone

-1.8% · 1.9 ATR below latest close

$7.6
ATR zone

Latest close ± ATR14

$7.67 - $7.81

Indicators

Trend

Dow Theory Structure

Confirmation $7.74, invalidation $7.89

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

Trend strength is active

55.2 / 15.9 / 40.9Bearish
Supertrend (10,3)

Price is above Supertrend

$7.52Bullish
Ichimoku Cloud

Cloud Span A / Span B

$7.96 / $8.09Bearish
Donchian Channel (20)

20-period breakout channel position

8%Bearish

Volatility

ATR (14)

Low volatility

$0.07401 (0.96%)Bullish
Bollinger Bands (20,2)

Width 13.19%

25%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.08 / $7.79Bullish
ATR channel lower / upper

Current Volatility Envelope

$7.67 / $7.81Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.5Range
Support

Nearest Downside Decision Level

$7.68Range

Momentum

RSI (14)

Momentum is weak

34.5Bearish
MACD (12,26,9)

Histogram is negative

-0.030Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

17.7 / 10.2Bullish
Williams %R (14)

Oversold zone

-82.3Bullish
CCI (20)

Balanced zone

-87.8Range
TD Sequential

Exhaustion setup is near completion

buy 13Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

27.6Bearish
OBV slope

20-period OBV slope

-7.45%Bearish
Volume ratio

Relative to 20-period average volume

0.76xBearish

Trend

Dow Theory Structure

Confirmation $7.74, invalidation $7.89

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

Trend strength is active

55.2 / 15.9 / 40.9Bearish
Supertrend (10,3)

Price is above Supertrend

$7.52Bullish
Ichimoku Cloud

Cloud Span A / Span B

$7.96 / $8.09Bearish
Donchian Channel (20)

20-period breakout channel position

8%Bearish

Momentum

RSI (14)

Momentum is weak

34.5Bearish
MACD (12,26,9)

Histogram is negative

-0.030Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

17.7 / 10.2Bullish
Williams %R (14)

Oversold zone

-82.3Bullish
CCI (20)

Balanced zone

-87.8Range
TD Sequential

Exhaustion setup is near completion

buy 13Bullish

Volatility

ATR (14)

Low volatility

$0.07401 (0.96%)Bullish
Bollinger Bands (20,2)

Width 13.19%

25%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$8.08 / $7.79Bullish
ATR channel lower / upper

Current Volatility Envelope

$7.67 / $7.81Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

27.6Bearish
OBV slope

20-period OBV slope

-7.45%Bearish
Volume ratio

Relative to 20-period average volume

0.76xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.5Range
Support

Nearest Downside Decision Level

$7.68Range

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