Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tencent Music Entertainment Group ADR shares valued at $14,874,752 were purchased by PAN TSAI-CHUN on Mar 31 ’25. At $14.35 per share, PAN TSAI-CHUN acquired 1,036,363 shares.
As published in a research note from Deutsche Bank on March 26, 2025, Tencent Music Entertainment Group ADR [TME] has been rated up from a Hold to a Buy. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late January. As of November 06, 2024, Barclays has initiated its “an Overweight” rating for TME. Earlier on November 04, 2024, Bernstein initiated its rating. Their recommendation was “an Outperform” for TME stock.
Analyzing TME Stock Performance
During the last five days, there has been a surge of approximately 6.18%. Over the course of the year, Tencent Music Entertainment Group ADR shares have jumped approximately 25.55%. Shares of the company reached a 52-week high of $15.33 on 03/18/25 and a 52-week low of $10.26 on 01/13/25. A 50-day SMA is recorded $13.33, while a 200-day SMA reached $12.14.
Support And Resistance Levels for Tencent Music Entertainment Group ADR (TME)
According to the 24-hour chart, there is a support level at 14.04, which, if violated, would cause prices to drop to 13.84. In the upper region, resistance lies at 14.51. The next price resistance is at 14.78. RSI (Relative Strength Index) is 60.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.89, which suggests the price will decrease in the coming days. Percent R is at 15.73%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
