Tencent Music Entertainment Group - ADR (TME) stock is lower by 14.53% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Tencent Music Entertainment Group - ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TME!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With TME Stock Today?
Tencent Music Entertainment Group - ADR (TME) stock is trading at $6.12 as of 10:57 AM on Friday, Dec 3, a decline of -$0.75, or -10.92% from the previous closing price of $6.87. The stock has traded between $5.94 and $6.67 so far today. Volume today is 14,572,810 compared to average volume of 13,638,674.
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More About Tencent Music Entertainment Group - ADR
