Stock Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (NYSE:TME)
Crossroads (+60) - TME is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 5th, 2021 at 16.31
The intermediate-term trend has been UP since Oct 11th, 2021 at 7.75
The short-term trend has been UP since Oct 19th, 2021 at 7.81
Smart Scan Analysis for TME
Based on our trend formula, TME is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||32.2481||52wk High Date||2021-03-23|
|52wk Low||6.82||52wk Low Date||2021-09-24|
|Average Volume||12,907,265||Market Cap||22,355M|