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 9 out of 10. 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.
TME is part of the Entertainment industry. There are 71 other stocks in this industry. TME outperforms 75% of them.
TME is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TME is leading the market.
In the last month TME has a been trading in the 12.87 - 17.11 range, which is quite wide. It is currently trading near the high of this range.
TME has an average volume of 8346680 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 86% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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. 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
11.67
17.24
6 important support areas can be observed.
- A support zone ranging from 17.00 to 17.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.13 from a trend line in the daily time frame.
- Support @12.92 from a trend line in the weekly time frame.
- Support @12.50 from a trend line in the daily time frame.
- Support @12.19 from a horizontal line in the daily time frame.
- Support @11.79 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
CRS86.66
Mansfield2.87
10 Day High17.11
10 Day Low13.3
20 Day High17.11
20 Day Low12.87
52 Week High17.11
52 Week Low9.41
Performance
1 Week15.79%
2 Weeks18.04%
1 Month36.19%
3 Month18.29%
6 Month47.53%
12 Month14.93%
2 Year145.1%
3 Year306.94%
5 Year31.66%
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)0.31
RSI(14)73.66
LBB12.6
UBB17.62
NYSE:TME (5/21/2025, 10:26:03 AM)
17.07
+0.06 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.35%
1 Week15.79%
2 Weeks18.04%
1 Month36.19%
3 Month18.29%
6 Month47.53%
12 Month14.93%
2 Year145.1%
3 Year306.94%
5 Year31.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%3.97%
ATR Inc-37.52%
Range Today0.35
ADR(20)0.56
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.66
Mansfield2.87
10 Day High17.11
10 Day Low13.3
20 Day High17.11
20 Day Low12.87
52 Week High17.11
52 Week Low9.41
CS1 End15.13
CR1 StartN/A
Volume & EV
DER(3)-0.11%
DER(5)2.54%
Volume973.91K
Volume Incr75.54%
Vol(5)10.40M
Vol(50)8.35M