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Takip Edin: @UscMarketsTCEHY Stock Forecast & Tencent Holdings Limited Chart Analysis
This article provides a detailed analysis of TCEHY-Tencent Holdings Limited stock including a forecast for TCEHY shares. It features Tencent Holdings Limited technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
TCEHY Historical Data Review
TCEHY Current Price Performance Analysis
The Tencent Holdings Limited - TCEHY stock traded on the American stock market, on 06-05-2024, closed at 49.05$ with a %1.81 increased compared to the previous day.
In the last month, the price of TCEHY changed by %3.46 increased in value, from 47.41 dollars on 05-06-2024 to 49.05 dollars, increased.
Last year, the price of TCEHY was 43.17 dollars on 06-06-2023, and changed by %13.62 increased in value, to 49.05 dollars increased within a year.
The price of Tencent Holdings Limited stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
TCEHY with AI Stock Forecast & Price Target
On the TCEHY chart Tencent Holdings Limited price was recorded as 49.05 Dollars on 06/05/2024.
The artificial intelligence's forecast on TCEHY stock is as follows.
The artificial intelligence's prediction error margin for TCEHY stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Tencent Holdings Limited stock over the next 4 months is: 45.6 Dollars.
The commentary on TCEHY stock Target Price: Highest: 49.071 Dollars is predicted.
The commentary on TCEHY stock Target Price: Lowest: 42.453 Dollars is predicted.
Resistance Price where Tencent Holdings Limited stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-25-2024 | 44.258 |
| 09-18-2024 | 48.418 |
| 11-12-2024 | 49.071 |
| 12-17-2024 | 48.674 |
| 02-25-2025 | 44.543 |
Support Price where Tencent Holdings Limited stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 43.542 |
| 08-09-2024 | 44.165 |
| 10-18-2024 | 46.891 |
| 12-02-2024 | 48.484 |
| 01-31-2025 | 43.046 |
The commentary on TCEHY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Tencent Holdings Limited stock by the end of 2024 is predicted to be 48.595 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on TCEHY stock, and the 2024 target price predictions for Tencent Holdings Limited are detailed above.
The technical analysis and charts for the commentary on TCEHY stock are below.
TCEHY Support & Resistance and Trend Analysis
TCEHY stock you have reviewed the technical analysis support resistance charts regarding.
TCEHY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the TCEHY review, the Tencent Holdings Limited support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Tencent Holdings Limited Support and Resistance Prices:
| TCEHY Support Level Price | TCEHY Resistance Level Price |
|---|---|
| 33.00 | 37.40 |
| 33.48 | 37.75 |
| 34.02 | 37.98 |
| 34.50 | 38.79 |
| 35.11 | 39.13 |
| 35.69 | 40.10 |
| 36.08 | 40.54 |
| 38.14 | 42.31 |
| 39.27 | 43.09 |
| 46.05 | 52.10 |
TCEHY Technical Analysis: SMA, RSI, MACD
Upon reviewing the TCEHY chart, buy and sell signals have been generated in the Tencent Holdings Limited technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for TCEHY stock are as follows:- TCEHY technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Tencent Holdings Limited gave a 'Buy' signal when the RSI was at 28.736, with the current RSI value at 35.116.
- The technical analysis for Tencent Holdings Limited indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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