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Takip Edin: @UscMarketsTME Stock Forecast & Tencent Music Entertainment Chart Analysis
This article provides a detailed analysis of TME-Tencent Music Entertainment stock including a forecast for TME shares. It features Tencent Music Entertainment Group 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
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TME Historical Data Review
TME Current Price Performance Analysis
The Tencent Music Entertainment - TME stock traded on the American stock market, on 06-05-2024, closed at 14.63$ with a %4.50 increased compared to the previous day.
In the last month, the price of TME changed by %7.81 increased in value, from 13.57 dollars on 05-06-2024 to 14.63 dollars, increased.
Last year, the price of TME was 7.68 dollars on 06-06-2023, and changed by %90.49 increased in value, to 14.63 dollars increased within a year.
The price of Tencent Music Entertainment 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.
TME with AI Stock Forecast & Price Target
On the TME chart Tencent Music Entertainment price was recorded as 14.63 Dollars on 06/05/2024.
The artificial intelligence's forecast on TME stock is as follows.
The artificial intelligence's prediction error margin for TME stock is moderately 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 Music Entertainment stock over the next 4 months is: 12.3 Dollars.
The commentary on TME stock Target Price: Highest: 14.723 Dollars is predicted.
The commentary on TME stock Target Price: Lowest: 10.077 Dollars is predicted.
Resistance Price where Tencent Music Entertainment stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-18-2024 | 13.188 |
| 11-12-2024 | 13.768 |
Support Price where Tencent Music Entertainment stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 11.902 |
| 10-08-2024 | 12.711 |
| 02-25-2025 | 10.077 |
The commentary on TME stock: The target price can generally be said to be on the decline.
The commentary on TME stock: Fluctuations in the target price can be expected in the coming days.
The target price for Tencent Music Entertainment stock by the end of 2024 is predicted to be 12.166 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on TME stock, and the 2024 target price predictions for Tencent Music Entertainment are detailed above.
The technical analysis and charts for the commentary on TME stock are below.
TME Support & Resistance and Trend Analysis
TME stock you have reviewed the technical analysis support resistance charts regarding.
TME : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the TME review, the Tencent Music Entertainment 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 Music Entertainment Support and Resistance Prices:
| TME Support Level Price | TME Resistance Level Price |
|---|---|
| 7.93 | 8.99 |
| 8.15 | 9.20 |
| 8.19 | 9.58 |
| 9.15 | 10.82 |
| 10.81 | 10.89 |
| 10.94 | 11.80 |
| 12.00 | |
| 12.70 | |
| 15.77 |
TME Technical Analysis: SMA, RSI, MACD
Upon reviewing the TME chart, buy and sell signals have been generated in the Tencent Music Entertainment 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 TME stock are as follows:- The technical analysis for Tencent Music Entertainment 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.
You have read the comments, technical analyses, target prices, and financial reports for Tencent Music Entertainment stock: Click here to read more predictions on McCormick & Company stock.
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