Trading Signals: TME Stock Price Prediction and Forecast

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Tue. Jan. 5, 2021

Trading Signals: TME Stock Price Prediction and Forecast (Wed. Dec. 12, 2018 - Fri. May. 13, 2022)

(Tencent Music Entertainment )
TME latest price $20.4600 (5.63%) ($19.4200 - $20.4800) on Tue. Jan. 5, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.16% (three month average)
RSI   64
Latest Price   $20.4600(5.63%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   TME advances 2% a day on average for past five trading days.
Weekly Trend   TME advances 2.4% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support TME advance at 0% a week (0% probability)
KWEB(78%)    MCHI(72%)    FXI(71%)    VWO(64%)    EEM(62%)
Factors Impacting TME price   TME will decline at least -1.08% in a week (0% probabilities).
VIXM(-31%)    VXX(-29%)    UUP(-23%)    XLU(-10%)    TIP(-10%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.08% (StdDev 2.16%)
Hourly BBV 0 ()
Intraday Trend 4.5%

5 Day Moving Average   $19.44(5.25%)
10 Day Moving Average   $19.14(6.9%)
20 Day Moving Average   $18.79(8.89%)
To recent high   0%
To recent low   46%
Market Cap   $104.835b

$. TME price fluctuates within 2.82% (three month std-dev: 2.16%) daily (68% of days).

Sample size 1 Average positive next day return: 0.23%(100%) Average negative next day return: 0%(0%) Sample size 1 Average positive next three day return: 0%(0%) Average negative next three day return: -0.9%(100%) Sample size 1 Average positive next weekly return: 0%(0%) Average negative next weekly return: -8.61%(100%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210205

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jan_5_2021	16.04	18.79	19.14	19.44	19.46	19.63	20.46(5.63%)	UT	OpenLong	75	1.9	45	60	33	81	9.16	72%	0.38	134.8	2.16%	0	3.2	64	-0.5
2	Jan_4_2021	15.98	18.6	18.95	19.06	19.15	19.2	19.37(0.68%)	UT	OpenLong	75	0.5	14	30	5	40	8.45	69%	0.38	104.6	2.07%	0	1.4	58	-1.6
3	Dec_31_2020	15.92	18.47	18.86	18.97	18.98	19.28	19.24(0.1%)	UT	OpenLong	75	0.3	16	110	10	32	6.78	66%	0.25	73.9	2.1%	0	1	58	1.2
4	Dec_30_2020	15.88	18.34	18.72	18.89	18.88	19.1	19.22(1.53%)	UT	OpenLong	75	0.4	15	80	15	13	8.7	66%	0.25	64.1	2.11%	0	1	53	1.3
5	Dec_29_2020	15.84	18.2	18.7	18.82	18.75	18.69	18.93(2.1%)	UT	OpenLong	75	0.1	6	-30	2	17	7.35	66%	0.25	57.9	2.11%	0	0.8	61	0.2

6	Dec_28_2020	15.8	18.1	18.69	18.79	18.75	18.65	18.54(-1.96%)	UD	OpenLong	65	-0.3	7	-50	-5	41	9.56	66%	0.06	56.2	2.1%	0	0.5	69	1.2
7	Dec_24_2020	15.79	18.02	18.71	18.82	18.78	18.81	18.91(0.42%)	UT	OpenLong	75	0.1	22	0	3	77	4.99	66%	0.19	59.4	2.08%	0	0.9	73	1.3
8	Dec_23_2020	15.76	17.91	18.71	18.72	18.74	18.91	18.83(-0.26%)	UD	OpenLong	75	0.1	38	70	16	103	2.48	66%	0.19	59.5	2.08%	0	0.9	73	0.5
9	Dec_22_2020	15.73	17.8	18.68	18.53	18.55	18.76	18.88(0.43%)	UT	OpenLong	75	0.3	34	80	6	119	4.82	66%	0.19	54.5	2.09%	0	1.1	75	-0.7
10	Dec_21_2020	15.7	17.68	18.59	18.56	18.37	18.57	18.8(0.75%)	UT	OpenLong	75	0.2	40	50	3	149	10.13	61%	0.13	58	2.09%	0	1.1	75	-1.6

11	Dec_18_2020	15.68	17.57	18.41	18.58	18.44	18.35	18.66(1.14%)	UT	OpenLong	75	0.1	39	-60	2	150	8.95	61%	0.19	61.5	2.17%	0	1.1	69	1.2
12	Dec_17_2020	15.65	17.46	18.23	18.59	18.54	18.17	18.45(3.36%)	UD	OpenLong	65	-0.1	28	-150	-12	147	8.43	61%	0.19	65.2	2.17%	0	1	64	1.6
13	Dec_16_2020	15.62	17.34	18.07	18.62	18.71	18.53	17.85(-6.3%)	UD	OpenLong	65	-0.8	24	-50	-20	155	18.5	59%	0.13	70.2	2.14%	0	0.5	63	1.5
14	Dec_15_2020	15.6	17.26	17.95	18.83	18.79	18.91	19.05(0.9%)	UT	HoldLong	65	0.2	62	40	13	209	5.72	63%	0.19	81.9	1.97%	0	1.8	79	0.8
15	Dec_14_2020	15.57	17.11	17.68	18.62	18.72	18.88	18.88(0.85%)	UT	HoldLong	65	0.3	75	80	34	197	5.86	63%	0.19	87.4	2.01%	0	1.9	78	-0.6

16	Dec_11_2020	15.54	16.98	17.46	18.2	18.33	18.66	18.72(0.59%)	UT	OpenLong	75	0.6	65	150	33	159	12.69	63%	0.19	89.6	2.01%	0	2	72	0.3
17	Dec_10_2020	15.51	16.84	17.28	17.81	17.79	18.55	18.61(-1.43%)	UD	OpenLong	75	1	66	300	42	136	9.51	59%	0.19	85.6	2.01%	0	2.3	74	0.9
18	Dec_9_2020	15.48	16.68	17.08	17.43	17.36	17.99	18.88(4.89%)	UT	HoldLong	65	2	72	240	58	114	22.11	61%	0.13	76.4	2.06%	0	3.1	80	1
19	Dec_8_2020	15.46	16.47	16.82	16.94	16.87	17.04	18(7.08%)	UT	OpenLong	75	1.8	38	60	30	62	15.32	58%	0.13	69.5	2.02%	0	2.6	73	1.6
20	Dec_7_2020	15.44	16.33	16.66	16.63	16.62	16.73	16.81(0.48%)	UT	OpenLong	75	0.3	9	40	2	29	7.19	52%	0.13	61.8	1.83%	0	0.9	65	1.1

21	Dec_4_2020	15.42	16.25	16.65	16.62	16.62	16.71	16.73(-0.06%)	UD	OpenLong	75	0.2	10	50	2	33	5.15	52%	0.06	62	1.84%	0	0.8	54	1.2
22	Dec_3_2020	15.41	16.21	16.62	16.67	16.58	16.51	16.74(1.82%)	UT	OpenLong	75	0.1	13	-50	1	47	5.32	52%	0	75.7	1.84%	0	0.9	62	0.9
23	Dec_2_2020	15.41	16.14	16.56	16.66	16.62	16.46	16.44(0.18%)	UD	OpenLong	65	-0.4	10	-70	-7	59	10.61	52%	0	81.7	1.84%	0	0.5	68	1
24	Dec_1_2020	15.41	16.07	16.54	16.67	16.66	16.66	16.41(-2.09%)	UD	OpenLong	65	-0.4	19	-0	-4	86	15.14	52%	0	75.6	1.84%	0	0.5	71	1
25	Nov_30_2020	15.41	15.99	16.52	16.69	16.62	16.78	16.76(-1.41%)	UD	OpenLong	75	0.1	32	50	5	113	15.67	55%		69.7	1.84%	0	1.1	72	1.1
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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