Technical Analysis for TME - Tencent Music Entertainment Group
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 20 DMA | Bullish | 0.26% | |
| MACD Bullish Signal Line Cross | Bullish | 0.26% | |
| NR7 | Range Contraction | 0.26% | |
| Fell Below 20 DMA | Bearish | 2.87% | |
| Fell Below 50 DMA | Bearish | 2.87% | |
| 180 Bearish Setup | Bearish Swing Setup | 2.87% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 2.87% | |
| Inside Day | Range Contraction | 2.87% | |
| Gapped Down | Weakness | 2.87% | |
| Crossed Above 20 DMA | Bullish | -0.17% |
| Alert | Time |
|---|---|
| 20 DMA Support | about 2 hours ago |
| 20 DMA Resistance | about 2 hours ago |
| Down 1% | about 2 hours ago |
| Fell Below 20 DMA | about 2 hours ago |
| Possible NR7 | about 21 hours ago |
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- Earnings date: 11/12/2024
Tencent Music Entertainment Group Description
Tencent Music Entertainment Group operates an online music entertainment platform that provides online music and music-centric social entertainment services in China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Live and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance. In addition, it sells music-related merchandise, including Kugou M1 headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is based in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
Classification
Sector: Technology
Industry: Internet Content & Information
Keywords: Website Entertainment Services Microphone Smart Device Karaoke Music Services Smart Speakers Tencent Ticketing Services
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 15.6276 |
| 52 Week Low | 7.8534 |
| Average Volume | 9,125,764 |
| 200-Day Moving Average | 12.17 |
| 50-Day Moving Average | 11.54 |
| 20-Day Moving Average | 11.34 |
| 10-Day Moving Average | 11.23 |
| Average True Range | 0.54 |
| RSI (14) | 50.00 |
| ADX | 12.42 |
| +DI | 25.83 |
| -DI | 26.36 |
| Chandelier Exit (Long, 3 ATRs) | 10.48 |
| Chandelier Exit (Short, 3 ATRs) | 11.74 |
| Upper Bollinger Bands | 11.97 |
| Lower Bollinger Band | 10.72 |
| Percent B (%b) | 0.58 |
| BandWidth | 11.02 |
| MACD Line | -0.15 |
| MACD Signal Line | -0.15 |
| MACD Histogram | 0.0068 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 11.86 | ||||
| Resistance 3 (R3) | 11.83 | 11.67 | 11.79 | ||
| Resistance 2 (R2) | 11.67 | 11.56 | 11.68 | 11.77 | |
| Resistance 1 (R1) | 11.55 | 11.49 | 11.61 | 11.58 | 11.74 |
| Pivot Point | 11.39 | 11.39 | 11.42 | 11.40 | 11.39 |
| Support 1 (S1) | 11.27 | 11.28 | 11.33 | 11.30 | 11.14 |
| Support 2 (S2) | 11.11 | 11.21 | 11.12 | 11.11 | |
| Support 3 (S3) | 10.99 | 11.11 | 11.09 | ||
| Support 4 (S4) | 11.02 |
