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Description generated automatically from public sources; it may be inaccurate or out of date.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 September 4, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
57.33 $
−1.27%
50 sessions
58.05 $
−2.51%
200 sessions
65.12 $
−13.08%
Session levels
s2
53.28
Support
s1
54.56
Support
pivot
56.61
Pivot
r1
57.89
Resistance
r2
59.94
Resistance
How to read it
In the September 4, 2026 session Tencent Holdings Limited closed higher at 56.60 $, +1.34% versus the previous session.
The price sits below every moving average observed: −1.27% against the 21-session average, −2.51% against the 50 and −13.08% against the 200.
The 14-period RSI reads 46.1, in neutral territory.
MACD stands at -0.605 against a signal line at -0.513: the histogram is negative (−0.092).
ADX reads 10.9, indicating weak directionality.
Levels computed on the latest session place supports at 54.56 and 53.28 $ and resistances at 57.89 and 59.94 $, around a pivot of 56.61.
The average daily range (ATR) is 1.392 $, or 2.46% of price.
Turnover was 2.7M shares, 333% of the 20-session average.
Over the last twelve months the price ranged between 52.84 and 70.63 $, and today stands −19.86% 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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