Tencent Music Entertainment Group ADR’s recent filing unveils that its Officer PAN TSAI-CHUN acquired Company’s shares for reported $14.87 million on Mar 31 ’25. In the deal valued at $14.35 per share,1,036,363 shares were bought.
Deutsche Bank upgraded its Tencent Music Entertainment Group ADR [TME] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late January from “an Equal-weight” to “an Overweight”. Barclays began covering TME with “an Overweight” recommendation on November 06, 2024. Bernstein started covering the stock on November 04, 2024. It rated TME as “an Outperform”.
Price Performance Review of TME
On Friday, Tencent Music Entertainment Group ADR [NYSE:TME] saw its stock fall -0.91% to $14.08. Over the last five days, the stock has lost -1.61%. Tencent Music Entertainment Group ADR shares have risen nearly 24.05% since the year began. Nevertheless, the stocks have risen 5.55% over the past one year. While a 52-week high of $15.77 was reached on 03/18/25, a 52-week low of $9.41 was recorded on 01/13/25. SMA at 50 days reached $13.38, while 200 days put it at $12.13.
Levels Of Support And Resistance For TME Stock
The 24-hour chart illustrates a support level at 13.84, which if violated will result in even more drops to 13.59. On the upside, there is a resistance level at 14.44. A further resistance level may holdings at 14.79. The Relative Strength Index (RSI) on the 14-day chart is 57.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.71%. Stochastics %K at 81.47% indicates the stock is a selling.
