TREX COMPANY INC (TREX) Stock Technical Analysis
NYSE:TREX • US89531P1057
Taking everything into account, TREX scores 2 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.
- 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: 77% of all stocks are doing better.
- TREX is part of the Building Products industry. There are 42 other stocks in this industry, of which 65% are performing better than TREX.
- TREX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- TREX has an average volume of 1971030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month TREX has a been trading in the 38.91 - 45.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
TREX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 41.41, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
39.87
When analyzing the support we notice one important area.
- A support zone ranging from 40.27 to 41.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 41.50 to 42.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 43.86 to 44.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @61.23 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 | 23.78 | NEGATIVE | TREX has a low relative strength, it was outperformed by 76.22% 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 | POSITIVE | The current price of TREX is above 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) | 48.05 | NEUTRAL | The RSI value for TREX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests TREX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.72 | NEUTRAL | The Stochastics value for TREX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for TREX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.89 | POSITIVE | The high ADX value value for TREX suggests a strong trend. |
41.42
-0.44 (-1.05%)
TREX COMPANY INC / TREX FAQ
Can you provide the ChartMill technical rating for TREX COMPANY INC?
ChartMill assigns a technical rating of 2 / 10 to TREX.
What is the trend direction for 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 48.0491. This indicates that the stock is currently neutral.
What is the MACD signal for TREX COMPANY INC (TREX) stock?
The MACD indicator for TREX COMPANY INC (TREX) has a value of -0.311821, indicating a bearish trend.
What is the short term momentum for TREX COMPANY INC (TREX) stock?
The short term momentum for TREX COMPANY INC (TREX) is neutral.