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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.

NYSE_TME
Open High Low TME Price Change
6.3300 6.3850 6.2850 6.3425 -0.0375
Entry Signal

MarketClub’s Trade Triangles for TME

long term down The long-term trend has been DOWN since May 31st, 2023 at 6.75

intermediate term down The intermediate-term trend has been DOWN since Sep 18th, 2023 at 6.27

short term up 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).

-75
Smart Scan Analysis for TME
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.3300 6.3850 6.2850 6.3425 -0.0375
Prev. Close Volume Bid Ask Time
6.3400 2818579 2023-10-02 15:59:58
52wk High9.2952wk High Date2023-01-04
52wk Low3.1452wk Low Date2022-10-24
Average Volume6,101,559Market Cap22,355M
Assets672,540,000MLiabilities169,370,000M
P/E Ratio57.8169
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