TREX COMPANY INC (TREX) Stock Technical Analysis
NYSE:TREX - New York Stock Exchange, Inc. - US89531P1057 - Common Stock - Currency: USD
Overall TREX gets a technical rating of 1 out of 10. TREX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TREX is a bad performer in the overall market: 81% of all stocks are doing better.
TREX is part of the Building Products industry. There are 42 other stocks in this industry, of which 63% are performing better than TREX.
TREX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TREX is lagging the market.
In the last month TREX has a been trading in the 55.87 - 63.17 range, which is quite wide. It is currently trading near the lows of this range.
TREX has an average volume of 1695660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TREX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 54.94, a Stop Loss order could be placed below this zone.
More info and screens
53.74
72.19
When analyzing the support we notice one important area.
- A support zone ranging from 54.28 to 54.94. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 58.96 to 62.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @71.48 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 | NEUTRAL | NEUTRAL | The short term trend for TREX is neutral. |
| ChartMill Relative Strength | 19.39 | NEGATIVE | TREX has a low relative strength, it was outperformed by 80.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TREX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TREX is below the rising 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) | 45.52 | NEUTRAL | The RSI value for TREX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests TREX has a negative trend. |
| Stochastics (14,3) | 29.57 | NEUTRAL | The Stochastics value for TREX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for TREX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.23 | NEGATIVE | The low ADX value for TREX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
57.18
+0.34 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg0.6%
1 Week-4.75%
2 Weeks-1.92%
1 Month-3.3%
3 Month-5.61%
6 Month-20.86%
12 Month-35.24%
2 Year11.35%
3 Year-10.26%
5 Year-4.8%
10 Year352.02%
15 Year1911.61%
Volatility
ATR(14)2.31
ATR(20)%3.8%
ATR Inc15.32%
Range Today1.44
ADR(20)1.91
ADR(20)%3.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.39
Mansfield-1.79
10 Day High63.17
10 Day Low56.02
20 Day High63.17
20 Day Low55.87
52 Week High88.84
52 Week Low49.01
CS1 End54.94
CR1 Start58.96
Volume & EV
DER(3)-0.63%
DER(5)-0.65%
Volume1.77M
Volume Incr-12.7%
Vol(5)1.16M
Vol(50)1.70M