TREX NEWS why is Trex Company, Inc. price falling or rising

TREX NEWS reasons for why stock price of Trex Company, Inc. is falling or rising

TREX Trex Company is falling or rising technical reasons

Technical analysis forecast for Trex Company Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Trex Company TREX at this time. Stock is falling and might fall more.

It appears as if Trex Company TREX gave a large move recently.

Stock of Trex Company (TREX) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Trex Company is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 62.1 as stoploss in an intra day buy trade for a target of 66.48. However, stock will show a bearish move below 62.1.

TREX Trex Company is falling or rising NEWS fundamental reasons

More announcements and NEWS

TREX Trex Company, Inc. current price & indicator signals

Moving Averages for Trex Company, Inc.

  • 5Day Average: 64.57
  • 12Day Average: 64.6
  • 20Day Average: 64.49
  • 50Day Average: 72.51
  • 100Day Average: 79.87
  • 150Day Average: 84.52
  • 200Day Average: 82.99

TREX Indicators & signals

Indicator MACD (12,26,9)

64.94, 67.73, -3.28
Indicator MACD is in negative zone

Indicator ADX (14)

29.32, 17.03, 31.16
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of TREX Trex Company, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Fri Aug 2024 63.74 62.73 to 64.84 0.24% 0.77 times
29 Thu Aug 2024 63.59 63.36 to 64.59 -0.58% 0.67 times
28 Wed Aug 2024 63.96 63.61 to 64.82 -1.72% 0.75 times
27 Tue Aug 2024 65.08 63.91 to 65.81 -2.14% 1.03 times
26 Mon Aug 2024 66.50 66.45 to 68.09 -1.53% 0.75 times
23 Fri Aug 2024 67.53 64.43 to 67.78 5.38% 1.08 times
22 Thu Aug 2024 64.08 63.93 to 65.97 -2.06% 0.87 times
21 Wed Aug 2024 65.43 64.21 to 65.57 2.06% 0.92 times
20 Tue Aug 2024 64.11 63.29 to 65.27 0.17% 1 times
19 Mon Aug 2024 64.00 63.45 to 64.90 0.95% 1.11 times
16 Fri Aug 2024 63.40 63.09 to 64.50 -0.55% 1.82 times
15 Thu Aug 2024 63.75 61.28 to 64.30 5.44% 2.01 times

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TREX NEWS why is Trex Company, Inc. price falling or rising

 

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