US stock / ETF

Tencent Music Entertainment Group

TME · NYSE · USD

4 hoursRange48%
4h Range probability 96%Range

TME 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Break either side of $8.19 - $8.79 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateRange
Momentum mixed

RSI 52.1, MACD -0.002

4h
Volatility EnvironmentRange
Low volatility

ATR is $0.1351 (1.58%)

4h

EMA Structure

Bullish
EMA 8$8.54Bullish
EMA 21$8.52Bullish
EMA 50$8.43Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.1 · MACD -0.002

Neutral zone

Strength
Range
Volatility
ATR $0.1351 · BB 5.19%

Low volatility

Strength
Range
Volume
MFI 35.2 · OBV -5.43%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$8.19 - $8.79

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+4.39% · 2.8 ATR above latest close

$8.92
Nearest resistance

+2.81% · 1.8 ATR above · 34-bar high

$8.79
Current price

Price shown is delayed

$8.55
Nearest support

-4.15% · 2.6 ATR below · 34-bar low

$8.19
Deeper support zone

-5.73% · 3.6 ATR below latest close

$8.05
ATR zone

Latest close ± ATR14

$8.41 - $8.68

Indicators

Trend

Dow Theory Structure

Confirmation $8.19, invalidation $8.68

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

Trend strength is moderate

21.3 / 31.2 / 27.5Bullish
Supertrend (10,3)

Price is above Supertrend

$8.12Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.48 / $8.32Bullish
Donchian Channel (20)

20-period breakout channel position

60%Range

Volatility

ATR (14)

Low volatility

$0.1351 (1.58%)Range
Bollinger Bands (20,2)

Width 5.19%

50%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$8.82 / $8.23Range
ATR channel lower / upper

Current Volatility Envelope

$8.41 / $8.68Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.79Range
Support

Nearest Downside Decision Level

$8.19Range

Momentum

RSI (14)

Neutral zone

52.1Range
MACD (12,26,9)

Histogram is negative

-0.002Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

65.1 / 75.3Bearish
Williams %R (14)

Neutral zone

-34.9Range
CCI (20)

Balanced zone

12.8Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

35.2Bearish
OBV slope

20-period OBV slope

-5.43%Bearish
Volume ratio

Relative to 20-period average volume

0.34xBearish

Trend

Dow Theory Structure

Confirmation $8.19, invalidation $8.68

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

Trend strength is moderate

21.3 / 31.2 / 27.5Bullish
Supertrend (10,3)

Price is above Supertrend

$8.12Bullish
Ichimoku Cloud

Cloud Span A / Span B

$8.48 / $8.32Bullish
Donchian Channel (20)

20-period breakout channel position

60%Range

Momentum

RSI (14)

Neutral zone

52.1Range
MACD (12,26,9)

Histogram is negative

-0.002Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

65.1 / 75.3Bearish
Williams %R (14)

Neutral zone

-34.9Range
CCI (20)

Balanced zone

12.8Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$0.1351 (1.58%)Range
Bollinger Bands (20,2)

Width 5.19%

50%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$8.82 / $8.23Range
ATR channel lower / upper

Current Volatility Envelope

$8.41 / $8.68Range

Volume / Money Flow

MFI (14)

Money flow is weak

35.2Bearish
OBV slope

20-period OBV slope

-5.43%Bearish
Volume ratio

Relative to 20-period average volume

0.34xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$8.79Range
Support

Nearest Downside Decision Level

$8.19Range

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