TREX Technical Analysis - TREX COMPANY INC

Technical Rating and Analysis

Overall TREX gets a technical rating of 0 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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

87% of all other stocks performed better in the past year than TREX.

TREX is one of the lesser performing stocks in the Building Products industry. 62% of 41 stocks in the same industry do better.

TREX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month TREX has a been trading in the 49.55 - 66.06 range, which is quite wide. It is currently trading near the lows of this range.

TREX has an average volume of 1724630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TREX COMPANY INC / TREX Weekly stock chart

TREX COMPANY INC / TREX Daily stock chart

Setup Rating and Analysis

TREX has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

49.97

67.28

When analyzing the support we notice one important area.

A support zone ranging from 50.47 to 51.68. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

Resistance @62.32 from a trend line in the daily time frame.
Resistance @63.96 from a trend line in the weekly time frame.
A resistance zone ranging from 65.83 to 66.61. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	13.17	NEGATIVE	TREX has a low relative strength, it was outperformed by 86.83% 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)	33.14	NEUTRAL	The RSI value for TREX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.48	NEGATIVE	The MACD value suggests TREX has a negative trend, although the MACD value is rising.
Stochastics (14,3)	14.62	OVERSOLD	The low Stochastics value suggests TREX may be oversold.
Average True Range in percent/ATR (20)	3.95	MEDIUM VOLATILITY	The ATR as a percentage value for TREX suggests some volalility.
Average Directional Index/ADX (14)	22.28	NEUTRAL	The ADX value for TREX suggests a possible start of a new trend.