Why Is Tencent Music Entertainment Group (NYSE: TME) Stock Up Today?
Live update on TME's movement on the NYSE, with key data on price change, volume, technical indicators, sector trends, and analyst sentiment.
TME is Down -1.14% today
You might want to check out Why is TME Down Today?
Tencent Music Entertainment Group (NYSE: TME) Update
Tencent Music Entertainment Group (NYSE: TME) Summary
Tencent Music Entertainment Group (NYSE: TME) is trading down -1.14% at $9.51, reflecting a negative shift in investor sentiment today. The stock opened at $9.68 and has moved between $9.48 and $9.68 so far.
Trading volume is 7094623, which is 27% below its average, and the price action suggests selling interest.
Technically, TME on the NYSE is trading above its 50-day moving average of $8.97 and below its 200-day moving average of $13.72, indicating short-term strength but long-term weakness.
Meyka's AI assigns TME a grade of B (Overall moderate), reflecting its assessment of fundamentals and sentiment. Forecast models project potential returns of +52.05% in 1 month ($14.46), +32.94% in 1 year ($12.64), and -89.89% in 5 years ($0.96).
See full chart, check forecasting details, or see the AI grade breakdown to explore what's driving this stock's movement on the NYSE.
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TME (NYSE) Technical Signals
Trading over 50-day moving average ($8.97)
Trading below 200-day moving average ($13.72)
Price Forecast
1 Month
$14.46
1 Year
$12.64
3 Years
$6.79
5 Years
$0.96
Is this change significant?
5-Day:+0.32%
1-Month:+8.44%
3-Month:+3.82%
What's next?
Next earnings date: 7/30/2025