TENCENT MUSIC ENTERTAINM-ADR (TME) Stock Technical Analysis
NYSE:TME - New York Stock Exchange, Inc. - US88034P1093 - ADR - Currency: USD
Overall TME gets a technical rating of 4 out of 10. TME has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
TME is part of the Entertainment industry. There are 72 other stocks in this industry. TME outperforms 70% of them.
TME has an average volume of 8981020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TME is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
TME is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month TME has a been trading in the 11.71 - 14.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
TME has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.94
15.58
5 important support areas can be observed.
- A support zone ranging from 12.92 to 12.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.57 from a trend line in the weekly time frame.
- A support zone ranging from 11.96 to 12.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.60 from a trend line in the weekly time frame.
- Support @11.05 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @14.12 from a trend line in the weekly time frame.
- A resistance zone ranging from 15.10 to 15.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.55
Mansfield0.86
10 Day High13.67
10 Day Low11.84
20 Day High14.55
20 Day Low11.71
52 Week High15.77
52 Week Low9.41
Performance
1 Week2.13%
2 Weeks4.93%
1 Month-7.19%
3 Month12.02%
6 Month20.68%
12 Month-0.59%
2 Year81.11%
3 Year215.77%
5 Year17.62%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.11
RSI(14)53.93
LBB11.78
UBB13.85
13.42
-0.13 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.96%
1 Week2.13%
2 Weeks4.93%
1 Month-7.19%
3 Month12.02%
6 Month20.68%
12 Month-0.59%
2 Year81.11%
3 Year215.77%
5 Year17.62%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%5.22%
ATR Inc-55.3%
Range Today0.28
ADR(20)0.6
ADR(20)%4.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.55
Mansfield0.86
10 Day High13.67
10 Day Low11.84
20 Day High14.55
20 Day Low11.71
52 Week High15.77
52 Week Low9.41
CS1 End12.93
CR1 Start14.12
Volume & EV
DER(3)-0.54%
DER(5)-0.72%
Volume2.98M
Volume Incr-59.53%
Vol(5)3.44M
Vol(50)8.98M