Why Is Tencent Music Entertainment Group (TME) Stock Down Today?
Live update on TME's stock movement with key data on price change, volume, technical indicators, sector trends, and analyst sentiment.
TME is Up +1.54% today
You might want to check out Why is TME Up Today?
Tencent Music Entertainment Group (TME)
Summary
Tencent Music Entertainment Group (TME) is trading up +1.54% at $9.21, reflecting a positive shift in investor sentiment today. The stock opened at $9.07 and has moved between $9.04 and $9.43 so far.
Trading volume is 12125318, which is 2% above its average, and the price action suggests buying interest.
Technically, TME is trading below its 50-day moving average of $9.28 and below its 200-day moving average of $16.65, indicating short-term and long-term weakness.
Analyst sentiment is bullish. Meyka's AI assigns TME a grade of B (Overall moderate), reflecting its assessment of fundamentals and sentiment. Forecast models project potential returns of +51.57% in 1 month ($13.96), +159.84% in 1 year ($23.93), and +378.60% in 5 years ($44.08).
View the full chart, check forecasting details, or see the AI grade breakdown to explore what's driving this stock's movement.
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TME Technical Signals
Trading below 50-day moving average ($9.28)
Trading below 200-day moving average ($16.65)
Analyst Recommendations
Price Forecast
1 Month
$13.96
1 Year
$23.93
3 Years
$34.02
5 Years
$44.08
Is this change significant?
5-Day:-1.44%
1-Month:-0.27%
3-Month:-33.99%
What's next?
Next earnings date: 7/30/2025