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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (NYSE:TME)
Strong Uptrend (+100) - TME is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, TME continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid TME?
MarketClub looks at technical strength and momentum to determine if the timing is right for TME.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TME
The long-term trend has been UP since Nov 3rd, 2023 at 7.370
The intermediate-term trend has been UP since Mar 8th, 2024 at 10.715
The short-term trend has been UP since May 2nd, 2024 at 12.930
Smart Scan Analysis for TME
Based on our trend formula, TME is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.120 | 13.370 | 12.960 | 13.255 | -0.085 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.340 | 6242132 | 2024-05-08 15:59:41 |
| 52wk High | 13.66 | 52wk High Date | 2024-05-06 |
| 52wk Low | 5.7 | 52wk Low Date | 2023-08-15 |
| Average Volume | 6,829,723 | Market Cap | 22,355M |
| Assets | 755,360,000M | Liabilities | 196,290,000M |
| P/E Ratio | 60.9132 |