TENCENT MUSIC ENTERTAINM-ADR (TME) Stock Technical Analysis
NYSE:TME - New York Stock Exchange, Inc. - US88034P1093 - ADR
Overall TME gets a technical rating of 1 out of 10. TME has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
TME is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
TME has an average volume of 7103150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TME turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
TME is part of the Entertainment industry. There are 72 other stocks in this industry, TME did better than 61% of them.
TME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TME is lagging the market.
The technical rating of TME is bad and it also does not present a 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
9.36
13.69
3 important support areas can be observed.
- A support zone ranging from 10.65 to 10.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.32 from a trend line in the daily time frame.
- A support zone ranging from 9.45 to 9.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @11.81 from a trend line in the weekly time frame.
- Resistance @12.59 from a trend line in the daily time frame.
- Resistance @13.55 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.04
Mansfield-1.74
10 Day High11.5
10 Day Low10.26
20 Day High12.04
20 Day Low10.26
52 Week High15.77
52 Week Low8.19
Performance
1 Week0.37%
2 Weeks-4.77%
1 Month-8.49%
3 Month-9.26%
6 Month-24.4%
12 Month26.67%
2 Year28.49%
3 Year74.43%
5 Year-15.05%
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)-0.07
RSI(14)43
LBB10.09
UBB11.73
TENCENT MUSIC ENTERTAINM-ADR
NYSE:TME (1/17/2025, 8:04:00 PM)
After market: 10.8018 +0.02 (+0.2%)10.78
+0.38 (+3.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg3.65%
1 Week0.37%
2 Weeks-4.77%
1 Month-8.49%
3 Month-9.26%
6 Month-24.4%
12 Month26.67%
2 Year28.49%
3 Year74.43%
5 Year-15.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%3.31%
ATR Inc60.86%
Range Today0.78
ADR(20)0.34
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.04
Mansfield-1.74
10 Day High11.5
10 Day Low10.26
20 Day High12.04
20 Day Low10.26
52 Week High15.77
52 Week Low8.19
CS1 End10.7
CR1 Start11.81
Volume & EV
DER(3)4.22%
DER(5)5.27%
Volume7.67M
Volume Incr15.99%
Vol(5)7.46M
Vol(50)7.10M