TME stock: buy or sell
Updated on:
Apr 22nd, 2021
1
TME stock brief
- Tencent Music Entertainment Group Americ closed on Wednesday at $18.08 after exploding a 6.42%.
- Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China.
Should I buy Tencent Music Entertainment Group Americ stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $TME stock a buy?
In the current situation of Tencent Music Entertainment Group Americ there is not any eligible buy setup. This doesn't mean $TME will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Tencent Music Entertainment Group Americ stock?
Do you know when is it time to sell Tencent Music Entertainment Group Americ?. Trading strategies allow us to avoid rash decisions based on our feelings or the buzz that surrounds the market. When selling, as well as buying, our strategies are very simple to use and are only valid for selling shares you already own, not for selling short Tencent Music Entertainment Group Americ stock
As a golden rule, you should never hold a trade that results in losses greater than those expected upon the buy. The moment to sell your stock should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Tencent Music Entertainment Group Americ stock?
Currently, Tencent Music Entertainment Group Americ stock doesn't match any of our preferred sell setups, so if you own Tencent Music Entertainment Group Americ stock and your operation is in profit probably is not time to sell now
Tencent Music Entertainment Group Americ ratings
In the last 30 days, 6 brokerage ratings were published for Tencent Music Entertainment Group Americ
| Brokerage firm | Rating |
|---|---|
| Mar 23rd, 2021 | |
| China Renaissance Securities | |
| Jefferies Financial Group | |
| Mar 24th, 2021 | |
| HSBC | |
| The Goldman Sachs Group | |
| Mar 25th, 2021 | |
| Needham & Company LLC | |
| Mar 29th, 2021 | |
| China Renaissance Securities | |
Tencent Music Entertainment Group Americ stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Relative strength index
After breaking down the oversold zone yesterday, bounced off above with a reading of 36.62. This is a sign of strength for the Tencent Music Entertainment Group Americ shares
Tencent Music Entertainment Group Americ stock price history
Tencent Music Entertainment Group Americ went public on Dec 12th, 2018 priced at $14.10 per share1. Since then, TME stock has risen by 28.23%, with an average of 14.12% per year. If you had invested thousand dollars in Tencent Music Entertainment Group Americ stock on the IPO, it would worth $1,282.27 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Tencent Music Entertainment Group Americ stock
Nobody can predict how much a stock will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental information by the company, and many times. Again, these targets are not direct recommendations for small investors and must not be trusted blindly.
The average price target for Tencent Music Entertainment Group Americ stock calculated from the table below is $30.80. That is a 70.35% than the last price ($18.08).
| Brokerage firm | Price target |
|---|---|
| Mar 23rd, 2021 | |
| China Renaissance Securities | $18.00 → $29.00 |
| Jefferies Financial Group | $18.20 → $36.00 |
| Mar 24th, 2021 | |
| HSBC | $30.00 → $35.00 |
| The Goldman Sachs Group | Not available |
| Mar 25th, 2021 | |
| Needham & Company LLC | $25.00 |
| Mar 29th, 2021 | |
| China Renaissance Securities | $18.00 → $29.00 |
Earnings and financials
In mid-March, Tencent Music Entertainment Group Americ ($TME) hosted the financial event and released the report. Wall St. was successful in their projections of Tencent Music Entertainment Group Americ's which published $0.12 per share. Similarly, reported revenues of $1.3 billion were in line with market predictions.
Compared to the same quarter last year, EPS was $0.80, so current EPS is a decrease of -85.00%. Looking at sales, figures skyrocketed a 14.29% compared to $72.9B same quarter last year.TME ($TME) is hosting the Q1 earnings call mid next May. Wall Street analysts estimate of $0.08, that is a 33.33% lower than previous quarter.
Tencent Music Entertainment Group Americ performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Tencent Music Entertainment Group Americ ($TME) | -41.50% | -30.00% | 27.80% |
Important note:
The viewpoints given in this post are personal and not recommendations for you to buy or sell stocks. The author of this report does not know the specific positions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for general educational motives onlyTME summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $17.03 |
| Close | $18.08 |
| Day range | $16.96 - $18.2 |
| Previous close | $16.99 |
| Session gain | 6.42% |
| Average true range | $1.13 |
| 50d mov avg | $24.12 |
| 100d mov avg | $22.65 |
| 200d mov avg | $19.02 |
| Earnings date | May 10th, 2021 |