TENCENT MUSIC ENTERTAINM-ADR (TME)
US88034P1093 - ADR
We assign a technical rating of 10 out of 10 to TME. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TME is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TME did better than 95% of all other stocks. We also observe that the gains produced by TME over the past year are nicely spread over this period.
TME is one of the better performing stocks in the Entertainment industry, it outperforms 96% of 77 stocks in the same industry.
A new 52 week high is currently being made by TME, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so TME is leading the market.
In the last month TME has a been trading in the 10.94 - 12.93 range, which is quite wide. It is currently trading near the high of this range.
TME has an average volume of 8156990 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
7.92
13.01
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.65 to 11.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.23 to 11.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.45 from a trend line in the daily time frame.
- Support @8.00 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.37
Mansfield4.15
10 Day High12.93
10 Day Low10.94
20 Day High12.93
20 Day Low10.94
52 Week High12.93
52 Week Low5.7
Performance
1 Week13.38%
2 Weeks13.28%
1 Month15.1%
3 Month42.79%
6 Month80.65%
12 Month73.82%
2 Year203.06%
3 Year-26.06%
5 Year-25.12%
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)0.1
RSI(14)72.32
LBB10.77
UBB12.92
TENCENT MUSIC ENTERTAINM-ADR
NYSE:TME (4/26/2024, 7:19:57 PM)
After market: 12.87 -0.01 (-0.08%)12.88
+0.2 (+1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg1.58%
1 Week13.38%
2 Weeks13.28%
1 Month15.1%
3 Month42.79%
6 Month80.65%
12 Month73.82%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.38
ATR(20)%2.85%
ATR Inc
Range Today0.21
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High12.93
10 Day Low10.94
20 Day High12.93
20 Day Low10.94
52 Week High12.93
52 Week Low5.7
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume6.01M
Volume Incr39.12%
Vol(5)8.90M
Vol(50)8.16M