Why Is Tencent Music Entertainment Group (NYSE: TME) Stock Down Today?
Live update on TME's movement on the NYSE, with key data on price change, volume, technical indicators, sector trends, and analyst sentiment.
Tencent Music Entertainment Group (NYSE: TME) Update
Tencent Music Entertainment Group (NYSE: TME) Summary
Tencent Music Entertainment Group (NYSE: TME) is trading down -0.56% at $8.80, reflecting a negative shift in investor sentiment today. The stock opened at $8.88 and has moved between $8.77 and $8.99 so far.
Trading volume is 9949572, which is 3% above its average, and the price action suggests selling interest.
Technically, TME on the NYSE is trading below its 50-day moving average of $8.95 and below its 200-day moving average of $12.83, indicating short-term and long-term weakness.
Analyst sentiment is neutral (no analyst ratings available). Meyka's AI assigns TME a grade of B (Overall moderate), reflecting its assessment of fundamentals and sentiment. Forecast models project potential returns of -5.23% in 1 month ($8.34), +17.23% in 1 year ($10.32), and -100.00% in 5 years ($0.00).
See full chart, check forecasting details, or see the AI grade breakdown to explore what's driving this stock's movement on the NYSE.
Stay informed and make better investment decisions.
TME (NYSE) Technical Signals
Trading below 50-day moving average ($8.95)
Trading below 200-day moving average ($12.83)
Analyst Recommendations (NYSE: TME)
Price Forecast
1 Month
$8.34
1 Year
$10.32
3 Years
N/A
5 Years
N/A
Is this change significant?
5-Day:+0.97%
1-Month:-1.51%
3-Month:-3.77%
What's next?
Next earnings date: 7/30/2025