Trading Signals: TME Stock Price Prediction and Forecast

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Tue. Jan. 26, 2021

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

(Tencent Music Entertainment )
TME latest price $27.0000 (-0.77%) ($26.7300 - $27.1900) on Tue. Jan. 26, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.42% (three month average)
RSI   83
Latest Price   $27.0000(-0.77%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   TME advances 0.1% a day on average for past five trading days.
Weekly Trend   TME advances 13.7% a week on average for past two weeks.
Market Behavior   Value stocks sell-off for large cap. Growth stock sell-off 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(63%)
Factors Impacting TME price   TME will decline at least -1.71% in a week (0% probabilities).
VIXM(-32%)    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   -1.71% (StdDev 3.42%)
Hourly BBV 0 ()
Intraday Trend -0.3%

5 Day Moving Average   $26.67(1.24%)
10 Day Moving Average   $24.82(8.78%)
20 Day Moving Average   $22.48(20.11%)
To recent high   -0.8%
To recent low   85.7%
Market Cap   $138.345b

$. TME price fluctuates within 13.3% (three month std-dev: 3.42%) daily (68% of days).

Sample size 23 Average positive next day return: 3.03%(78%) Average negative next day return: -0.95%(22%) Sample size 23 Average positive next three day return: 4.45%(65%) Average negative next three day return: -3.61%(35%) Sample size 23 Average positive next weekly return: 4.04%(61%) Average negative next weekly return: -5.58%(39%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210226

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_26_2021	17.22	22.48	24.82	26.67	26.69	27.24	27(-0.77%)	UD	OpenLong	75	0.1	64	150	4	242	11.77	81%	0.58	75.2	3.42%	0	1.5	83	0.3
2	Jan_25_2021	17.12	22.07	24.22	26.64	26.68	27	27.21(0.7%)	UT	HoldLong	65	0.2	101	90	40	283	12.44	81%	0.71	78.8	3.41%	0	1.8	87	0.8
3	Jan_22_2021	17	21.64	23.6	25.64	26.17	26.14	27.02(3.84%)	UT	HoldLong	65	0.5	88	50	32	255	12.84	82%	0.71	75	3.41%	0	2	87	1.5
4	Jan_21_2021	16.88	21.21	22.94	24.58	25.04	26.36	26.02(-0.31%)	UD	OpenLong	75	0.6	83	430	36	225	11.77	81%	0.6	69.1	3.4%	0	1.9	86	1.8
5	Jan_20_2021	16.78	20.83	22.41	23.61	23.97	26.21	26.1(-2.87%)	UD	OpenLong	75	1.1	109	700	73	215	25.74	81%	0.66	62.7	3.4%	0	2.3	87	1.7

6	Jan_19_2021	16.67	20.44	21.82	22.68	22.57	23.72	26.87(20.98%)	UT	HoldLong	65	2.2	100	340	70	191	25.41	81%	0.73	59.3	3.37%	0	3.4	92	1.3
7	Jan_15_2021	16.55	19.99	21.03	21.5	21.63	21.73	22.21(2.35%)	UT	HoldLong	65	0.6	61	50	21	181	9.86	76%	0.36	65.9	2.21%	0	1.9	80	0.7
8	Jan_14_2021	16.49	19.77	20.74	21.27	21.35	21.42	21.7(2.6%)	UT	HoldLong	65	0.4	50	30	10	170	5.82	75%	0.37	60.2	2.2%	0	1.7	78	1.2
9	Jan_13_2021	16.43	19.63	20.49	21.05	21.18	21.52	21.15(-1.44%)	UD	OpenLong	75	0.1	49	130	11	163	5.26	74%	0.37	60	2.19%	0	1.4	75	1.4
10	Jan_12_2021	16.37	19.51	20.28	21.01	20.93	21.28	21.46(2.29%)	UT	HoldLong	65	0.4	61	110	23	173	16.58	74%	0.37	72.6	2.17%	0	1.9	80	1.1

11	Jan_11_2021	16.31	19.37	19.99	20.81	20.66	20.84	20.98(-0.33%)	UD	OpenLong	75	0.2	57	40	23	160	23.23	74%	0.37	86	2.18%	0	1.7	79	0.2
12	Jan_8_2021	16.25	19.24	19.78	20.49	20.44	20.58	21.05(2.18%)	UT	HoldLong	65	0.7	54	40	24	144	12.78	74%	0.43	93.3	2.18%	0	2.1	82	1.6
13	Jan_7_2021	16.18	19.13	19.55	20.12	20.06	20.49	20.6(-1.67%)	UD	OpenLong	75	0.6	48	140	21	130	13.18	73%	0.43	108.1	2.17%	0	1.9	83	1.5
14	Jan_6_2021	16.11	18.99	19.37	19.85	19.75	20.3	20.95(2.39%)	UT	OpenLong	75	1.6	58	180	39	115	9.29	73%	0.44	122.9	2.17%	0	2.9	65	-0.4
15	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

16	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
17	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
18	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
19	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
20	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

21	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
22	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
23	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
24	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
25	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%		61.5	2.17%	0	1.1	69	1.2
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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