TENCENT MUSIC ENTERTAINM-ADR (TME) Stock Technical Analysis
NYSE:TME - New York Stock Exchange, Inc. - US88034P1093 - ADR - Currency: USD
Taking everything into account, TME scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TME has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that TME is one of the better performing stocks in the market, outperforming 91% of all stocks.
TME is one of the better performing stocks in the Entertainment industry, it outperforms 81% of 71 stocks in the same industry.
TME is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TME is lagging the market slightly.
In the last month TME has a been trading in the 11.08 - 14.69 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
TME has an average volume of 7230730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TME has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.45
14.52
2 important support areas can be observed.
- Support @10.97 from a trend line in the weekly time frame.
- Support @10.56 from a trend 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
CRS91.05
Mansfield0.89
10 Day High14.69
10 Day Low11.98
20 Day High14.69
20 Day Low11.08
52 Week High15.77
52 Week Low9.15
Performance
1 Week12.7%
2 Weeks19.14%
1 Month30.14%
3 Month24.72%
6 Month40.43%
12 Month40.57%
2 Year90.72%
3 Year166.79%
5 Year18.55%
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)0.16
RSI(14)71.55
LBB11.26
UBB14.17
14.38
+1.55 (+12.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg12.08%
1 Week12.7%
2 Weeks19.14%
1 Month30.14%
3 Month24.72%
6 Month40.43%
12 Month40.57%
2 Year90.72%
3 Year166.79%
5 Year18.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%4.39%
ATR Inc159.41%
Range Today1.32
ADR(20)0.54
ADR(20)%3.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.05
Mansfield0.89
10 Day High14.69
10 Day Low11.98
20 Day High14.69
20 Day Low11.08
52 Week High15.77
52 Week Low9.15
CS1 End10.97
CR1 StartN/A
Volume & EV
DER(3)0.5%
DER(5)0.78%
Volume24.77M
Volume Incr102.36%
Vol(5)12.78M
Vol(50)7.23M