TREX COMPANY INC (TREX) Stock Technical Analysis
USA - NYSE:TREX - US89531P1057 - Common Stock
Taking everything into account, TREX scores 0 out of 10 in our technical rating. 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. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
49.23
4 important resistance areas can be observed.
- A resistance zone ranging from 53.58 to 54.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @59.77 from a trend line in the daily time frame.
- Resistance @62.15 from a trend line in the weekly time frame.
- A resistance zone ranging from 65.42 to 65.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 7.89 | NEGATIVE | TREX has a low relative strength, it was outperformed by 92.11% 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) | 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) | 39.09 | NEUTRAL | The RSI value for TREX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TREX has a positive trend. |
| Stochastics (14,3) | 13.5 | OVERSOLD | The low Stochastics value suggests TREX may be oversold. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for TREX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.3 | POSITIVE | The high ADX value value for TREX suggests a strong trend. |
49.73
+0.82 (+1.68%)
TREX COMPANY INC / TREX FAQ
Can you provide the ChartMill technical rating for TREX COMPANY INC?
ChartMill assigns a technical rating of 0 / 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 39.0946. 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 resistance level at 53.58. Check the full technical report for our detailed analysis of TREX support and resistance levels.