Tencent Holdings Limited technical analysis
Technical analysis of Tencent Holdings Limited (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Tencent Holdings Limited
Tencent Holdings Limited is an investment holding company operating in the communication services sector, providing value-added services, marketing services, fintech, and business services primarily in Mainland China and internationally. The consumer business includes communication and social network services, digital content such as online games, videos and streaming, fintech services including mobile payments and wealth management, and various software tools. The enterprise business comprises digital marketing solutions and cloud computing services across multiple industrial sectors.
Description generated automatically from public sources; it may be inaccurate or out of date.
Tencent Holdings Limited: latest session data
Closing values for October 21, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
53.91 $
−6.39%
50 sessions
55.18 $
−8.53%
200 sessions
61.41 $
−17.82%
Session levels
s2
51.75
Support
s1
52.11
Support
pivot
52.46
Pivot
r1
52.82
Resistance
r2
53.17
Resistance
How to read it
In the October 21, 2026 session Tencent Holdings Limited closed lower at 50.47 $, −3.81% versus the previous session.
The price sits below every moving average observed: −6.39% against the 21-session average, −8.53% against the 50 and −17.82% against the 200.
The 14-period RSI reads 33.8, in neutral territory.
MACD stands at -0.982 against a signal line at -0.761: the histogram is negative (−0.221).
ADX reads 12.8, indicating weak directionality.
Levels computed on the latest session place supports at 52.11 and 51.75 $ and resistances at 52.82 and 53.17 $, around a pivot of 52.46.
The average daily range (ATR) is 1.180 $, or 2.34% of price.
Turnover was 1.3M shares, 128% of the 20-session average.
Over the last twelve months the price ranged between 50.09 and 62.87 $, and today stands −19.72% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Tencent Holdings Limited
How is Tencent Holdings Limited analysed technically?
Technical analysis of Tencent Holdings Limited is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Tencent Holdings Limited?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Tencent Holdings Limited?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Tencent Holdings Limited it helps frame the technical structure of the historical chart and is not a forecast.
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