TREX COMPANY INC (TREX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TREX - US89531P1057 - Common Stock
Overall TREX gets a technical rating of 1 out of 10. TREX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, TREX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 35.78. Right above this resistance zone may be a good entry point.
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33.75
When analyzing the support we notice one important area.
- Support @34.09 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 35.78 to 35.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @58.52 from a trend line in the weekly time frame.
- Resistance @63.53 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for TREX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TREX is down. |
| ChartMill Relative Strength | 7.85 | NEGATIVE | TREX has a low relative strength, it was outperformed by 92.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TREX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TREX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TREX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.31 | NEUTRAL | The RSI value for TREX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests TREX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.3 | NEUTRAL | The Stochastics value for TREX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for TREX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.59 | NEUTRAL | The ADX value for TREX suggests a possible start of a new trend. |
35.77
+0.44 (+1.25%)
TREX COMPANY INC / TREX FAQ
Can you provide the ChartMill technical rating for TREX COMPANY INC?
ChartMill assigns a technical rating of 1 / 10 to TREX.
What is the current trend direction of TREX COMPANY INC (TREX) stock?
The current trend direction for TREX COMPANY INC (TREX) is Bearish.
What is the RSI signal for TREX stock?
TREX COMPANY INC (TREX) has an RSI value of 49.3066. This indicates that the stock is currently neutral.
What is the short term momentum for TREX COMPANY INC (TREX) stock?
The short term momentum for TREX COMPANY INC (TREX) is negative.
Can you provide the support and resistance levels for TREX COMPANY INC?
TREX COMPANY INC (TREX) has a support level at 34.09 and a resistance level at 35.78. Check the full technical report for our detailed analysis of TREX support and resistance levels.