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 9 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.
The long and short term trends are both positive. This is looking good!
TME is one of the better performing stocks in the Entertainment industry, it outperforms 83% of 72 stocks in the same industry.
TME is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month TME has a been trading in the 18.02 - 20.85 range, which is quite wide. It is currently trading near the high of this range.
TME has an average volume of 6720830 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 91% of all stocks. However, this relatively good performance is mostly due to a recent big move.
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
12.07
20.60
We found 5 important support areas.
- A support zone ranging from 16.84 to 16.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.72 from a trend line in the weekly time frame.
- Support @13.38 from a trend line in the daily time frame.
- Support @12.62 from a trend line in the weekly time frame.
- Support @12.19 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TME is up. |
| ChartMill Relative Strength | 91.21 | POSITIVE | TME has a high relative strength, it outperformed 91.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.65 | NEUTRAL | The RSI value for TME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TME has a negative trend. |
| Stochastics (14,3) | 71.61 | NEUTRAL | The Stochastics value for TME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for TME suggests some volalility. |
| Average Directional Index/ADX (14) | 35.37 | POSITIVE | The high ADX value value for TME suggests a strong trend. |
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)
NYSE:TME (7/14/2025, 9:47:09 AM)
20.4
+0.61 (+3.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg3.08%
1 Week1.7%
2 Weeks5.83%
1 Month6.51%
3 Month61.82%
6 Month84.26%
12 Month30.8%
2 Year183.12%
3 Year370.07%
5 Year22.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%2.81%
ATR Inc-1.55%
Range Today0.66
ADR(20)0.5
ADR(20)%2.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.21
Mansfield3.88
10 Day High20.85
10 Day Low18.65
20 Day High20.85
20 Day Low18.02
52 Week High20.85
52 Week Low9.41
CS1 End16.84
CR1 StartN/A
Volume & EV
DER(3)-1.07%
DER(5)-0.36%
Volume740.25K
Volume Incr-5.86%
Vol(5)6.15M
Vol(50)6.72M