It will skip concerts and not obey you if your stress level is high.
The games icon highlighted means it has to go to a concert.
You can make the stress level down by feeding it ""decant" food, play with its toy, or just by praising it.
No, it won't die, thankfully, and if it has "!" over its head and looks surprised, you either need to find out what's wrong, go to a concert(adult/Senior stages only!), or check the door.
The best thing you can do is try to praise it as much as you can and also the foods and games work too. Especially its favorite food will lower stress a lot.