TENCENT MUSIC ENTERTAINM-ADR (TME) Technical Analysis
NYSE:TME • US88034P1093
Current stock price
TME Technical Rating and Analysis
Overall TME gets a technical rating of 1 out of 10. TME scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, TME is a bad performer in the overall market: 92% of all stocks are doing better.
- TME is part of the Entertainment industry. There are 79 other stocks in this industry, of which 79% are performing better than TME.
- TME is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month TME has a been trading in the 8.78 - 10.27 range, which is quite wide. It is currently trading near the high of this range.
- TME has an average volume of 10047300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TME Weekly and Daily overview Charts
TME Setup Rating and Analysis
TME has a poor technical rating and the quality of the setup is also only medium 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
TME Support and Resistance Analysis
9.69
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.12 to 10.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.89 from a trend line in the daily time frame.
- Resistance @14.22 from a trend line in the daily time frame.
TME Technical Indicator Signal Analysis
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 | 8.78 | NEGATIVE | TME has a low relative strength, it was outperformed by 91.22% 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) | DOWN | NEGATIVE | The current price of TME is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TME is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.74 | NEUTRAL | The RSI value for TME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests TME has a positive trend. |
| Stochastics (14,3) | 91.8 | OVERBOUGHT | The high Stochastics value suggests TME may be overbought. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for TME suggests some volalility. |
| Average Directional Index/ADX (14) | 35.95 | POSITIVE | The high ADX value value for TME suggests a strong trend. |
TME Chart- and CandleStick Pattern Analysis
TME Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:TME (4/21/2026, 11:42:02 AM)
9.785
-0.32 (-3.21%)
TENCENT MUSIC ENTERTAINM-ADR / TME TA 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.
Can you provide the RSI signal for TENCENT MUSIC ENTERTAINM-ADR?
TENCENT MUSIC ENTERTAINM-ADR (TME) has an RSI value of 42.743. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for TENCENT MUSIC ENTERTAINM-ADR?
The buy/sell signal for TENCENT MUSIC ENTERTAINM-ADR (TME) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for TENCENT MUSIC ENTERTAINM-ADR?
TENCENT MUSIC ENTERTAINM-ADR (TME) has a resistance level at 10.12. Check the full technical report for our detailed analysis of TME support and resistance levels.