The Relative Strength (RS) Rating for Tencent Music Ent ADR entered a new percentile Monday, with a rise from 77 to 81.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating of over 80 as they begin their biggest runs.
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Tencent Music Ent ADR has moved more than 5% past a 10.70 entry in a second-stage ascending base, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Taking a look at top and bottom line numbers, the company has posted rising EPS growth over the last four quarters. Revenue growth has also increased over the same time frame.
The company holds the No. 8 rank among its peers in the Internet-Content industry group. Full Truck Alliance ADR, Alphabet Cl A and Meta Platforms are among the top 5 highly rated stocks within the group.
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