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Stock Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (NYSE:TME)
Long-Term Uptrend (+90) - TME is in a strong uptrend that is likely to continue. While TME is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Apr 18th, 2024 at 11.590
Smart Scan Analysis for TME
Based on our trend formula, TME is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.380 | 11.710 | 11.320 | 11.585 | +0.315 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.270 | 5585344 | 2024-04-18 15:59:37 |
| 52wk High | 12 | 52wk High Date | 2024-04-11 |
| 52wk Low | 5.7 | 52wk Low Date | 2023-08-15 |
| Average Volume | 7,971,948 | Market Cap | 22,355M |
| Assets | 729,560,000M | Liabilities | 190,220,000M |
| P/E Ratio | 57.8169 |