Tencent Music Entertainment Group (1698.HK) Technical Analysis

As of 2026-07-22, 1698.HK last traded at 34.98 HKD (-3.64% on the day) and is in a downtrend on the daily timeframe — price below falling 50-DMA, 50-DMA below 200-DMA. Nearest levels: 34.2 HKD support below, 36.38 HKD resistance above. 14-day RSI is 56 (bullish).

Last updated 2026-07-22 · Source: FMP end-of-day prices (adjusted); indicators computed by SniperIQ

Is 1698.HK in an uptrend or downtrend?

Tencent Music Entertainment Group is in a downtrend — price below falling 50-DMA, 50-DMA below 200-DMA.

Last close34.98 HKD (-3.64%)
20-day average34.46 HKD
50-day average34.984 HKD
200-day average57.138 HKD

Key support and resistance levels for 1698.HK

Derived from swing pivots over the last 200 sessions:

LevelTypeStrengthTouches
36.38 HKDResistanceMinor1
36.98 HKDResistanceMinor1
38.23 HKDResistanceModerate2
LevelTypeStrengthTouches
34.2 HKDSupportMinor1
33.12 HKDSupportMinor1
31.16 HKDSupportMinor1

1698.HK 52-week range, momentum and volatility

52-week high104 HKD (66.4% below)
52-week low31.16 HKD (12.3% above)
14-day RSI56 (Bullish)
14-day ATR1.15 HKD (3.29% of price, Moderate volatility)

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Frequently asked questions

Is Tencent Music Entertainment Group (1698.HK) in an uptrend or downtrend?

As of 2026-07-22, 1698.HK is in a downtrend on the daily timeframe — price below falling 50-DMA, 50-DMA below 200-DMA. Last close 34.98 HKD vs 50-day average 34.984 HKD and 200-day average 57.138 HKD.

What are the key support and resistance levels for 1698.HK?

Nearest support is around 34.2 HKD (minor, 1 touch). Nearest resistance is around 36.38 HKD (minor). Levels are derived from swing pivots over the last ~200 sessions.

What is 1698.HK's 52-week high and low?

Over the last 52 weeks, 1698.HK traded between 31.16 HKD and 104 HKD. It is currently 66.4% below its 52-week high.

Is 1698.HK overbought or oversold?

The 14-day RSI is 56.0 — in a neutral 30–70 range. Momentum reads as bullish.

How volatile is 1698.HK?

Its 14-day Average True Range is 1.15 (3.29% of price) — moderate volatility relative to price.