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Stock Charts, Performance & Trend Analysis for TME
Tencent Music Entertainment Group

TME
Year-to-Date: -6.7%
This Week: -10.0%
TME Stock Charts
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TME
Year-to-Date (YTD) Return: -6.72%
 
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Long Term Trend: Deteriorating
Medium Term Trend: Very Good
Short Term Trend: Not Good
Tencent Music
Overall Trend Score:
35 Out Of 100
Bottomline: Bearish to Neutral Trend


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January 23, 2022 - The year-to-date (YTD) return or performance of Tencent Music (TME) is down -6.72% but is outperforming the overall stock market by 1.78%.

Recently, the weekly return of Tencent Music (TME) is down -10% and is underperforming the overall market by -4%.

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Although mid term i.e weekly trends for Tencent Music Entertainment Group are improving, the long and short term trends are deteriorating.

The overall 12Stocks.com Smart Investing & Trading Score is 35 (measures stock trend from 0-bearish to 100-bullish) which puts TME in short term bearish to neutral trend.

The Smart Investing & Trading Score from previous trading session is 49 and hence a deterioration of trend. Scroll down for key technical charts, support & resistance levels and analysis for Tencent Music.

Stock Analysis for TME
Name: Tencent Music Entertainment Group
Sector: Technology
SubSector: Internet Information Providers
In A Glance
Tencent Music (TME) Stock Performance and Technical Trend Chart View
 
TME Recent Price: 6.39    
MarketCap: 10893.25 Millions
Day Percent Change: -5.19%
Day Change: -0.35
Week Change: -10%
Year-to-date Change: -6.72%
Weekly TME Technical Chart


Daily TME Technical Chart
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Short Term Trend Analysis for TME
 
35 / 100
The current technical trend score is 35 in a scale where 0 is bearish and 100 is bullish.
The technical trend score from previous session is 49.
Trend score updated daily. Not to be used for investing.

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Compare TME's Trend (35) with trends of related stocks
Alphabet 0
Facebook 0
Accenture 10
IBM 44
National 61
Microsoft 10
Apple 26
Intuit 10
Taiwan Semiconductor 68
Verizon 56
AT&T 68
Intel 61
Cisco Systems 26
Oracle 0
Nlix 0

The table below shows stocks similar to Tencent Music Entertainment Group, i.e, from same subsector or sector along with year-to-date (-6.7% YTD), weekly (-10%) & daily performaces for comparison. Usually, stocks from similar sector tend to move together but companies that have innovative products, services or good management tend to outperform. Compare 12Stocks.com Smart Investing & Trading Scores to see which stocks in this sector are trending better currently. Click on ticker or stock name for detailed view (place cursor on ticker or stock name to view charts quickly). Click on to add stock symbol to your watchlist and to view watchlist.
Don't forget to get complete 360o overview of best moving sectors
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TickerStock NameWatchlistCategoryRecent PriceSmart Investing & Trading Score
[0 to 100]
Change %Weekly Change%YTD Change%
GOOGLAlphabet  Tech Services2607.030-2.22-6.6-10.01%
GOOGAlphabet  Tech Services2601.840-2.56-6.9-10.08%
FBFacebook  Tech Services303.170-4.23-8.7-9.86%
ACNAccenture  Tech Services335.6310-2.06-5.0-19.04%
IBMIBM  Tech Services129.3544-1.12-3.6-3.22%
FIS National Tech Services111.7861-1.25-5.32.41%
CDChindata  Tech Services4.560-6.56-14.1-30.80%
FISVFrv  Tech Services104.8668-1.35-3.91.03%
JDJD.com  Tech Services73.4642-4.60-0.44.84%
NOWServiceNow  Tech Services507.7410-1.41-4.4-21.78%
CNXCConcentrix  Tech Services169.8465-1.361.9-4.92%
NTESNetEase  Tech Services96.9921-6.16-6.2-4.71%
RELXRELX  Tech Services30.4025-1.200.7-6.78%
INFYInfosys  Tech Services23.4126-1.14-10.7-7.51%
BIDUBaidu  Tech Services156.8457-3.201.55.41%
TEAMAtlassian  Tech Services283.0010-2.86-4.8-25.78%
CTSHCognizant  Tech Services84.2631-1.67-3.4-5.03%
TWTRTwitter  Tech Services34.8210-6.60-9.4-19.44%
VEEVVeeva Systems Tech Services222.0825-0.27-0.8-13.07%
VRSNVeriSign  Tech Services217.14100.28-4.1-14.45%
SQSquare  Tech Services118.1010-7.43-11.4-26.88%
CERNCerner  Tech Services91.70540.23-0.6-1.26%
TMETencent Music Tech Services6.3935-5.19-10.0-6.72%
WITWi  Tech Services7.860-2.84-8.4-19.47%
SNAPSnap  Tech Services32.120-8.20-15.6-31.70%
MSFTMicrosoft  Software296.0310-1.85-4.6-11.98%
AAPLApple  Electronics162.4126-1.28-6.2-8.54%
INTUIntuit  Software528.5510-2.95-4.0-17.83%
TSMTaiwan Semiconductor Semiconductor124.5368-2.96-11.53.51%
VZVerizon  Telecom53.1656-0.45-0.22.31%
TAT&T  Telecom26.6168-1.52-2.18.17%
INTCIntel  Semiconductor52.04610.00-6.61.05%


Technical Levels: For the trading inclined, the following are the key levels of resistance (ceiling) and support (floor) for TME. Ceiling and floor levels are stock prices at which the stock trend gets resistance or support respectively. Stocks & their trends tend to pause at these levels and hence traders have an eye on them.

Long term levels are more important. Stocks that have broken thru their resistance or support levels convincingly tend to have stronger trends (confirm with charts above visually).
Key Technical Levels for TME
 Short TermWeeklyLong Term
Resistance (Ceiling)7.267.667.35
Support (Floor)6.726.615.91

        
RELATIVE PERFORMANCE OF
Tencent Music Entertainment Group
Vs
THE MARKET
Relative performance of Tencent Music Entertainment Group Compared to Overall Market
How is TME faring versus the market [S&P 500] ? Is it lagging or leading ? How is its relative performance ?
Symbol Day Change Week Change Year-to-Date Change
SPY -1.98% -6% -8.5%
TME -5.19% -10% -6.72%

TME Chart

S&P 500 (Market) Chart
Year to date returns, TME is outperforming the market by 1.78%
This week, TME is underperforming the market by -4%


        
Performance of Tencent Music Entertainment Group vs Technology ETF RELATIVE PERFORMANCE OF
Tencent Music Entertainment Group
Vs
Technology Sector
Let us compare apples to apples and compare performance of TME with its sector ETF (contains basket of stocks of same sector) XLK [Technology SPDR] ?
Symbol Day Change Week Change Year-to-Date Change
XLK -1.99 % -6.9 % -11.24 %
TME -5.19% -10% -6.72%

TME Chart

Technology Chart
Year to date, TME is outperforming Technology sector by 4.52%
This week, TME is underperforming Technology sector by -3.1%

List Of ETF Funds Related To Tencent Music Entertainment Group

The table below shows ETFs (Exchange Traded Funds) similar to Tencent Music Entertainment Group, i.e, from same sector along with year-to-date (YTD), weekly & daily performaces for comparison. Usually, ETFs and associated stocks from similar sector tend to move together but companies that have innovative products, services or good management tend to outperform. Move mouse or cursor over ETF symbol to view short-term technical chart and over ETF name to view long term chart. Click on to add ETF symbol to your watchlist and to view watchlist.
TickerStock NameWatchlistCategoryRecent PriceChange %Weekly Change%YTD Change%
LTLUltra Telecom Technology48.07-3.17-10-12.54%
ROMProShares Ultra Technology  Technology48.63-4.38-14.38-61.81%
USDProShares Ultra Semiconductors  Technology37.88-3.93-23.1-28.28%
QIDProShares Double Short QQQ Technology19.785.7216.4226.47%
QLDProShares Ultra QQQ Technology69.20-5.63-14.65-22.26%
XLKTechnology SPDR Technology154.33-1.99-6.9-11.24%
SMHSemiconductor HOLDRs Technology271.75-1.66-11.46-12%
SOXSTriple Bear Semicondutors Technology4.955.1042.2444.74%
SOXLTriple Bull Semiconductors  Technology43.71-4.96-32.21-35.73%
REWProShares UltraShort Technology  Technology17.023.9715.56155.17%
SSGProShares UltraShort Semiconductors  Technology24.373.6127.5434.42%
PSQProShares Short QQQ Technology12.202.787.8712.65%
QQEWFirst Trust NASDAQ-100 Equal Weighted Technology105.63-2.25-6.19-10.84%
IGNiShares Networking Technology72.19-2.51-8.65-14.54%
ONEQFidelity Nasdaq Composite Index Technology53.72-2.75-7.44-11.79%
PTFPowerShares Dyn Technology Technology134.60-2.72-10.86-18.99%
FDNFT Internet Index Fund Technology190.63-4.55-8.38-15.7%
XSDSPDR Semiconductor Technology199.13-2.35-12.11-18.1%
VOXVanguard Telecom Services VIPERs Technology124.12-3.51-6.64-8.44%
VGTVanguard Information Technology VIPERs Technology402.43-2.17-7.16-12.17%
QTECFirst Trust NASDAQ-100 Equal Weighted Technology Technology150.79-2.45-8.25-13.91%
PTEPowerShares Telecom/Wireless Technology0.52-14.15-27.43-11.01%
PSJPowerShares Software Technology105.51-3.20-6.24-17.35%
PSIPowerShares Semiconductors Technology127.54-1.90-12.67-16.92%
IYZiShares US Telecom Technology30.68-1.73-5.31-6.78%
IYWiShares US Technology Technology100.62-2.23-7.4-12.37%
IXPiShares Global Telecom Technology77.74-2.75-4.94-5.46%
IXNiShares Global Technology  Technology57.44-1.78-6.69-10.79%
IGViShares Software Technology338.63-2.82-5.16-14.84%
IGMiShares Technology  Technology381.38-3.18-8.09-13.13%
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