tiprankstipranks
Tencent Music Entertainment Group (TME)
NYSE:TME

Tencent Music Entertainment Group (TME) Technical Analysis

1,327 Followers

Technical Sentiment

Overall Consensus
Buy
15Bullish
1Neutral
6Bearish
Technical Analysis Consensus
Sell
3Bullish
1Neutral
6Bearish
Moving Average Consensus
Strong Buy
12Bullish
0Neutral
0Bearish
Tencent Music Entertainment Group’s (TME) Moving Averages Convergence Divergence (MACD) indicator is 0.89, suggesting Tencent Music Entertainment Group is a Sell.
Tencent Music Entertainment Group’s (TME) 20-Day exponential moving average is 13.48, while Tencent Music Entertainment Group’s (TME) share price is $15.42, making it a Buy.
Tencent Music Entertainment Group’s (TME) 50-Day exponential moving average is 12.23, while Tencent Music Entertainment Group’s (TME) share price is $15.42, making it a Buy.

Tencent Music Entertainment Group (TME) Pivot Points

May 18, 2024, 12:22 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
14.09
14.37
14.87
15.15
15.65
15.93
16.43
Fibonacci
14.37
14.67
14.86
15.15
15.45
15.64
15.93
Pivot points are a technical analysis tool used by traders to identify potential support and resistance levels in financial markets. Pivot points are calculated based on the previous day's high, low, and close prices, and are used to help traders identify levels at which the price may reverse or continue to trend.

Tencent Music Entertainment Group (TME) Moving Averages

May 18, 2024, 12:22 PM
Period
Simple
Exponential
MA5
14.73Buy
14.84Buy
MA10
14.07Buy
14.23Buy
MA20
13.26Buy
13.48Buy
MA50
11.98Buy
12.23Buy
MA100
10.68Buy
11.04Buy
MA200
8.91Buy
9.49Buy
Tencent Music Entertainment Group’s (TME) 10-Day exponential moving average is 14.23, while Tencent Music Entertainment Group’s (TME) share price is $15.42, making it a Buy.
Tencent Music Entertainment Group’s (TME) 100-Day exponential moving average is 11.04, while Tencent Music Entertainment Group’s (TME) share price is $15.42, making it a Buy.
Tencent Music Entertainment Group’s (TME) stock price is $15.42 and Tencent Music Entertainment Group’s (TME) 50-day simple moving average is 11.98, creating a Buy signal.
Tencent Music Entertainment Group’s (TME) stock price is $15.42 and Tencent Music Entertainment Group’s (TME) 100-day simple moving average is 10.68, creating a Buy signal.
Tencent Music Entertainment Group’s (TME) stock price is $15.42 and Tencent Music Entertainment Group’s (TME) 200-day simple moving average is 8.91, creating a Buy signal.

Tencent Music Entertainment Group (TME) Technical Indicators

May 18, 2024, 12:22 PM
Name
Value
Implied Action
RSI (14)
79.83
Sell
STOCH (9,6)
92.20
Sell
STOCHRSI (14)
93.50
Sell
MACD (12,26)
0.89
Sell
ADX (14)
37.40
Neutral
Williams %R
-8.21
Sell
CCI (14)
190.05
Sell
ATR (14)
0.50
-
Ultimate Oscillator
72.18
Buy
ROC
20.26
Buy
Tencent Music Entertainment Group’s (TME) Relative Strength Index (RSI) is 79.83, creating a Sell signal.
Tencent Music Entertainment Group’s (TME) Trend Strength Indicator (ADX) is 37.40, creating a Neutral signal.
Tencent Music Entertainment Group’s (TME) Commodity Channel Index (CCI) is 190.05, creating a Sell signal.
Tencent Music Entertainment Group’s (TME) Price Rate of Change (ROC) is 20.26, creating a Buy signal.

FAQ

Is TME a Buy, Hold, or Sell?
Based on TME’s technical indicators, TME is a Buy.
    What is TME’s RSI (14)?
    TME’s RSI (14) is 79.83, which suggests TME is a Sell.
      What is TME’s MACD?
      TME’s MACD is 0.89, which suggests TME is a Sell.
        What is TME’s 5-day moving average?
        TME’s 5-day moving average is 14.73, which suggests TME is a Buy.
          What is TME’s 20-day moving average?
          TME 20-day moving average is 13.26, which suggests TME is a Buy.
            What is TME’s 50-day moving average?
            TME’s 50-day moving average is 11.98, which suggests TME is a Buy.
              What is TME’s 200-day moving average?
              TME’s 200-day moving average is 8.91, which suggests TME is a Buy.
                What is TME’s Williams % R (14)?
                TME’s Williams % R (14) is -8.21, which suggests TME is a Sell.
                  What is TME’s CCI (14)?
                  TME’s CCI (14) is 190.05, which suggests TME is a Sell.
                    What's Included in PREMIUM?
                    Make informed decisions based on Top Analysts' activity
                    Know what industry insiders are buying
                    Get actionable alerts from top Wall Street Analysts
                    Find out before anyone else which stock is going to shoot up
                    Get powerful stock screeners & detailed portfolio analysis