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Stock Trend Analysis Report
Prepared for you on Thursday, November 7, 2024.
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.
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MarketClub’s Trade Triangles for TME
The long-term trend has been DOWN since Aug 5th, 2024 at 12.36
The intermediate-term trend has been DOWN since Oct 22nd, 2024 at 11.55
The short-term trend has been UP since Nov 5th, 2024 at 11.51
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.340 | 11.620 | 11.275 | 11.620 | -0.110 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.620 | 5773277 | 2024-11-06 16:00:00 |
| 52wk High | 15.77 | 52wk High Date | 2024-05-16 |
| 52wk Low | 6.765 | 52wk Low Date | 2023-11-14 |
| Average Volume | 5,867,668 | Market Cap | 22,355M |
| Assets | 824,050,000M | Liabilities | 211,960,000M |
| P/E Ratio | 47.8775 |