TENCENT MUSIC ENTERTAINM-ADR (TME) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TME - US88034P1093 - ADR
We assign a technical rating of 1 out of 10 to TME. TME has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- TME has an average volume of 5574980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, TME outperforms 64% of them, which is more or less in line with the market.
- TME is an average performer in the Entertainment industry, it outperforms 68% of 80 stocks in the same industry.
- TME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TME is lagging the market.
- In the last month TME has a been trading in the 15.81 - 18.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TME has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.81, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TME in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.88
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.58 to 17.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.04 to 16.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.23 to 18.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for TME is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TME is down. |
| ChartMill Relative Strength | 64.53 | NEUTRAL | TME is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TME is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TME is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TME is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.17 | NEUTRAL | The RSI value for TME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TME has a positive trend. |
| Stochastics (14,3) | 41.94 | NEUTRAL | The Stochastics value for TME is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for TME suggests some volalility. |
| Average Directional Index/ADX (14) | 25.92 | POSITIVE | The high ADX value value for TME suggests a strong trend. |
NYSE:TME (1/28/2026, 3:58:01 PM)
17.245
+0.3 (+1.74%)
TENCENT MUSIC ENTERTAINM-ADR / TME FAQ
What is the technical rating for TME stock?
ChartMill assigns a technical rating of 1 / 10 to TME.
What is the current trend direction of TENCENT MUSIC ENTERTAINM-ADR (TME) stock?
The current trend direction for TENCENT MUSIC ENTERTAINM-ADR (TME) is Bearish.
What is the RSI signal for TENCENT MUSIC ENTERTAINM-ADR (TME) stock?
TENCENT MUSIC ENTERTAINM-ADR (TME) has an RSI value of 45.1701. This indicates that the stock is currently neutral.
What is the MACD signal for TENCENT MUSIC ENTERTAINM-ADR (TME) stock?
The MACD indicator for TENCENT MUSIC ENTERTAINM-ADR (TME) has a value of 0.0353132, indicating a bearish trend.
What are the support and resistance levels for TENCENT MUSIC ENTERTAINM-ADR (TME) stock?
TENCENT MUSIC ENTERTAINM-ADR (TME) has a support level at 16.81 and a resistance level at 18.23. Check the full technical report for our detailed analysis of TME support and resistance levels.