TME Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Tencent Music Entertainment Group (TME.N) Moving Averages Convergence Divergence (MACD) indicator is -0.354, suggesting TME.N is Strong sell.

Tencent Music Entertainment Group (TME.N) 20-Day simple moving average is 17.094, while Tencent Music Entertainment Group (TME.N) share price is $16.98, making it Sell.

Tencent Music Entertainment Group (TME.N) 60-Day simple moving average is 18.281, while Tencent Music Entertainment Group (TME.N) share price is $16.98, making it Sell.

Technical Analysis for TME

Technical Sentiment Analysis for Tencent Music Entertainment Group (TME) As of 2026-01-29, Tencent Music Entertainment Group (TME) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 2 indicators are flashing buy, while 10 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TME stands at 43.597, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.354, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 55.008 and the Commodity Channel Index (CCI) at -16.219 further confirm a -0.695 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, TME is trading below its 60-day moving average of $18.281 and below its 200-day long-term moving average of $19.809. Key price levels to watch include the immediate resistance at $17.655 and strong support at $15.695. A break above $17.655 could signal a bull continuation, while falling below $15.695 may test the next Fibonacci floor at $14.772.

Tencent Music Entertainment Group (TME) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	13.735	14.772	15.695	16.732	17.655	18.692	19.615
Fibonacci	14.772	15.521	15.984	16.732	17.481	17.944	18.692

Tencent Music Entertainment Group (TME) Technical Indicators

2026-01-29

Name	Value
RSI_14	43.597
STOCHk_14_3_3	55.008
STOCHd_14_3_3	49.939
CCI_20	-16.219
AO_5_34	-0.46
MOM_10	-0.695
MACD_12_26_9	-0.354

Tencent Music Entertainment Group (TME) Relative Strength Index (RSI) is 43.597, creating a Neutral signal.

Tencent Music Entertainment Group (TME) Stochastic Oscillator is 55.008, creating a Neutral signal.

Tencent Music Entertainment Group (TME) Stochastic RSI is 49.939, creating a Neutral signal.

Tencent Music Entertainment Group (TME) Commodity Channel Index (CCI) is -16.219, creating a Neutral signal.

Tencent Music Entertainment Group (TME) Awesome Oscillator is -0.46, creating a Sell signal.

Tencent Music Entertainment Group (TME) Momentum is -0.695, creating a Sell signal.

Tencent Music Entertainment Group (TME) MACD is -0.354, creating a Sell signal.

Tencent Music Entertainment Group (TME) Moving Average

2026-01-29

Period	Simple	Signal
MA_5	16.933	Buy
MA_10	16.617	Buy
MA_20	17.094	Sell
MA_60	18.281	Sell
MA_200	19.809	Sell
MA_250	18.474	Sell

Tencent Music Entertainment Group (TME) 5-Day simple moving average is 16.933, while Tencent Music Entertainment Group (TME) share price is $16.98, making it a Buy.

Tencent Music Entertainment Group (TME) 10-Day simple moving average is 16.617, while Tencent Music Entertainment Group (TME) share price is $16.98, making it a Buy.

Tencent Music Entertainment Group (TME) 20-Day simple moving average is 17.094, while Tencent Music Entertainment Group (TME) share price is $16.98, making it a Sell.

Tencent Music Entertainment Group (TME) 60-Day simple moving average is 18.281, while Tencent Music Entertainment Group (TME) share price is $16.98, making it a Sell.

Tencent Music Entertainment Group (TME) 200-Day simple moving average is 19.809, while Tencent Music Entertainment Group (TME) share price is $16.98, making it a Sell.

Tencent Music Entertainment Group (TME) 250-Day simple moving average is 18.474, while Tencent Music Entertainment Group (TME) share price is $16.98, making it a Sell.

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Frequently Asked Questions

What is the current technical consensus for TME?

The overall technical consensus for Tencent Music Entertainment Group (TME) is currently strong sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 0 buy signals and 6 sell signals.

What are the key support and resistance levels for Tencent Music Entertainment Group (TME) today?

Based on pivot point calculations, Tencent Music Entertainment Group (TME) has an immediate support level at 15.695 and a major resistance level at 17.655. Traders also monitor the pivot point at 16.732 to determine the intraday trend direction.

Is Tencent Music Entertainment Group (TME) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Tencent Music Entertainment Group (TME) is currently 43.597. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Tencent Music Entertainment Group (TME)?

Tencent Music Entertainment Group (TME) Moving Averages Convergence Divergence (MACD) indicator is -0.354, suggesting TME is strong sell. This indicator helps identify potential trend reversals or momentum shifts for Tencent Music Entertainment Group.

How is Tencent Music Entertainment Group (TME) performing relative to its 200-day moving average?

Tencent Music Entertainment Group (TME)is currently trading at $16.98, which is below its 200-day simple moving average of 19.809. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.