Tencent Holdings Stock Forecast

Buy candidate since Jul 31, 2026

The Tencent Holdings Ltd stock price gained 1.25% on the last trading day (Friday, 31st Jul 2026), rising from $60.68 to $61.44. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.91% from a day low at $60.30 to a day high of $61.45. The price has risen in 7 of the last 10 days and is up by 3.8% over the past 2 weeks. Volume fell on the last day by -63 thousand shares and in total, 646 thousand shares were bought and sold for approximately $39.71 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $61.22 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $69.40 sometime during the next 3 months.

TCEHY Signals & Forecast

The Tencent Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $58.18 and $57.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, July 23, 2026, and so far it has risen 10.98%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Tencent Holdings Ltd stock

Tencent Holdings Ltd finds support from accumulated volume at $61.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.15 between high and low, or 1.91%. For the last week, the stock has had daily average volatility of 1.79%.

Since the Tencent Holdings Ltd has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $59.40 (-3.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (TCEHY) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Tencent Holdings Ltd to open at $61.06, and during the day (based on 14 day Average True Range), to move between $60.58 and $62.30, which gives a possible trading interval of +/-$1.72 (+/-2.85%) up or down from last closing price. If Tencent Holdings Ltd takes out the full calculated possible swing range there will be an estimated 2.85% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $61.10, some $0.340 (0.55%) from the current price of $61.44, our system finds the risk reward attractive.

Is Tencent Holdings Ltd stock A Buy?

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Tencent Holdings Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold to a Buy candidate.

Current score: 3.388 Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on August 3, 2026 - $61.06 ( 0.613%).

Want to trade but not sure how? Our step-by-step guide can help.
Skip the guide? Open account with our trusted broker*
*Your capital is at risk