Stock Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (NYSE:TME)
Bear Market Rally (-75) - TME is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TME as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for TME
The long-term trend has been DOWN since May 31st, 2023 at 6.75
The intermediate-term trend has been DOWN since Sep 18th, 2023 at 6.27
The short-term trend has been UP since Sep 22nd, 2023 at 6.33
Smart Scan Analysis for TME
Based on our trend formula, TME is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.29||52wk High Date||2023-01-04|
|52wk Low||3.14||52wk Low Date||2022-10-24|
|Average Volume||6,101,559||Market Cap||22,355M|