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Stock Trend Analysis Report
Prepared for you on Saturday, September 7, 2024.
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (NYSE:TME)
Strong Downtrend (-100) - TME is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TME continues to fall. Traders should use caution and set stops.
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 12.360
The intermediate-term trend has been DOWN since Jul 26th, 2024 at 14.070
The short-term trend has been DOWN since Aug 28th, 2024 at 10.115
Smart Scan Analysis for TME
Based on our trend formula, TME is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.270 | 10.485 | 10.130 | 10.170 | -0.150 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.180 | 3528637 | 2024-09-06 15:59:42 |
| 52wk High | 15.77 | 52wk High Date | 2024-05-16 |
| 52wk Low | 5.96 | 52wk Low Date | 2023-09-21 |
| Average Volume | 11,177,983 | Market Cap | 22,355M |
| Assets | 824,050,000M | Liabilities | 211,960,000M |
| P/E Ratio | 42.1225 |