Tencent Music Entertainment Group Stock Forecast

Sell candidate since Jun 16, 2026 Loss -2.02%

The Tencent Music Entertainment Group stock price gained 0.460% on the last trading day (Thursday, 18th Jun 2026), rising from $8.69 to $8.73. During the last trading day the stock fluctuated 2.92% from a day low at $8.55 to a day high of $8.80. The price has fallen in 5 of the last 10 days and is down by -6.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 19 million shares were bought and sold for approximately $163.35 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.94% during the next 3 months and, with a 90% probability hold a price between $7.64 and $8.98 at the end of this 3-month period.

TME Signals & Forecast

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tencent Music Entertainment Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $9.04 and $9.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 02, 2026, and so far it has fallen -8.20%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Tencent Music Entertainment Group stock

Tencent Music Entertainment Group finds support from accumulated volume at $8.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.250 (2.92%) between high and low. For the last week, the stock has had daily average volatility of 2.70%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TME) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Tencent Music Entertainment Group to open at $8.69, and during the day (based on 14 day Average True Range), to move between $8.57 and $8.89, which gives a possible trading interval of +/-$0.325 (+/-3.79%) up or down from last closing price. If Tencent Music Entertainment Group takes out the full calculated possible swing range there will be an estimated 3.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.69 (0.46%) than the resistance at $9.07 (3.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tencent Music Entertainment Group stock A Buy?

Tencent Music Entertainment Group holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.048 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 22, 2026 - $8.69 ( 0.420%).

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