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Stock Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (NYSE:TME)

Countertrend Up (+85) - TME is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

NYSE_TME
Open High Low TME Price Change
10.970 11.095 10.805 11.050 -0.020
Entry Signal

MarketClub’s Trade Triangles for TME

long term up The long-term trend has been UP since Nov 3rd, 2023 at 7.370

intermediate term up The intermediate-term trend has been UP since Mar 8th, 2024 at 10.715

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 10.850

Smart Scan Analysis for TME

Based on our trend formula, TME is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for TME
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.970 11.095 10.805 11.050 -0.020
Prev. Close Volume Bid Ask Time
11.060 4994335 2024-03-27 15:58:09
52wk High11.852wk High Date2024-03-21
52wk Low5.752wk Low Date2023-08-15
Average Volume10,271,279Market Cap22,355M
Assets729,560,000MLiabilities190,220,000M
P/E Ratio57.8169
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