The market has been high on Tencent Music Entertainment Group - ADR (TME) stock recently. TME gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
Tencent Music Entertainment Group - ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TME!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With TME Stock Today?
Tencent Music Entertainment Group - ADR (TME) stock is trading at $15.52 as of 11:48 AM on Monday, Jul 6, a rise of $1.37, or 9.68% from the previous closing price of $14.15. The stock has traded between $14.58 and $15.65 so far today. Volume today is 15,620,734 compared to average volume of 13,498,277.
To see InvestorsObserver's Sentiment Score for Tencent Music Entertainment Group - ADR click here.
More About Tencent Music Entertainment Group - ADR
Tencent Music Entertainment Group is an online music entertainment platform in China. Its platform comprises of online music, online karaoke and music-centric live streaming services, supported by content offerings, technology and data.
