TREX correction to $60 or $66 before EOY recoveryHead and shoulders on the daily chart. Neckline around 66. This is either a buy point or the sign to buy. High of 76 tested a few times over the last few weeks. H&S could lead to $56, $60, or $63. Support ranges. Nibble all the way down...?!Shortby HandsomeSlothUpdated 223
Long Trade in TREXTREX looks buyable here as it breaks through the pivot at $69. TREX is a building products company - specifically decking materials. Construction and related stocks have surged the last several weeks after Wall Street interpreted the latest Fed meeting as a pivot away from raising rates. the 10-yr bond yield has fallen 0.50% over the last few weeks and mortgage rates have come down with it. The boom in construction, which has been fueled by a lack of housing supply in the used market, is likely to accelerate further if rates continue falling as many banks currently forecast. And Trex Company will benefit from this trend. After a structured downtrend in August and September, TREX has ripped higher on big volume. It now trades above all its moving averages and has another 10% to go before reaching its 52-week highs at $76. But TREX is well below its all-time highs. Shares traded at $140 in late 2021 - double its current price. So it looks like there appears to be plenty of upside left on this one.Longby rossgivensPublished 1
An old classicIndustrials | Building Products & Equipment BuyingLongby extremeportfoliocreatorPublished 0
Will TREX fill the gap?Keeping this post real simple on NYSE:TREX Red horizontal lines are basically my 1st and 2nd targets to be hit. This is only if market continues to see a rally in stocks, if the market dumps, this will most likely be invalidated. I would love to play options on this, but the OI on TREX options is so scarce I wouldnt like to have to play the spread. Longby TheStockOdinUpdated 1
TREX continues range-bound TREK The weekly chart for TREX shows that price appears to remain bounded by the upper band (red) and basis (white) of the Fibonacci Bollinger Bands as it has since the Great Recession. The price is looking ready for a bounce. The oscillators are too oversold on the monthly chart to support a high probability that TREX will drop sharply below the white level. Therefore this price area represents a rather low-risk buying setup. Not financial advice. As always anything can happen and trends can end.Longby SpyMasterTradesPublished 224
TREX Not out of the 'woods' yetHousing is back in the doghouse… But springtime is coming around! TREX is at ~$66 today, but if COVID is over, so then its PS and PE are too high: - PS: 6.34 vs 5.00 = 21% downside - PE: 36.542 vs 30.00 = 18% downside So, let’s call it 20% downside to go, so $66 --> $52.8 Targets are somewhat arbitrary, but I love directional accuracy and coincidences. 20% seems to be a theme these days in trading… by HandsomeSlothPublished 0
Heiken- Ashi CandlesHeikin-Ashi candles provide a simple method to incorporate averaging into price action analysis by making candlesticks themselves averaged. This causes candles to have a smoothened and continuous look making them easier for some to visualize trends. Heiken Ashi candlesticks do not show a shadow in the OPPOSITE direction of the trend like typical Japanese candlesticks. When there is no lower shadow/tail on a green candle, this means you’re in a uptrend. Candlesticks that have no shadow/tail or an upper wick on one end are also called “shaven candles“. A candle shaved on both ends is a Marubozu candle in typical Japanese candle use. A long green candle in typical Japanese candle use is very bullish, and by definition, both ends are shaven. Vice versa for a red candle that is shaven on both ends is often very bearish. On this chart the Heiken Ashi candles are still bearish as there is only red candles with no upper wick. So a green Heiken-Ashi candle with a long upper wick and a shaven bottom is considered bullish. These candles differ as a typical green candle with a long top wick and a shaven bottom, can be bearish at the top using typical Japanese candles as a bottom shadow is likely to form eventually. The opposite is true of a Heiden Ashi green candle with a long top wick and no bottom shadow/tail which is often bullish even at the top. With Heikin Ashi candles, we want to see shaved bottoms that are green and shaved heads that are red if we’re looking for trend strength. I was surprised how low TREX has gone when I looked at this chart and using Heiken-Ashi candles, this security is still bearish. Short percent is 5.43% Mkt cap is 10 Billion. PE is 41.36 which is on the high side for this sector. Earnings are estimated to be on 2-21 or 2-22 as I see conflicting dates and is AMC. Earnings were growing substantially quarter over quarter, but the market has not been kind to high PE stocks as of late. I am not saying this a PE ratio out the roof, but it is on the high side for this sector. TREX is Oversold on daily RSI, and is close to oversold on weekly RSI. TREX is not oversold on monthly No recommendation. Trex Company, Inc. manufactures and distributes wood and plastic composite products, and related accessories primarily for residential decking, and railing applications in the United States. It offers Trex Transcend, Trex Select, and Trex Enhance protective shells for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening systems; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps. The company also provides Trex Transcend Railing products used in Trex decking products and other decking materials; Trex Select Railing for simple clean finished look; Trex Enhance railing system; and Trex Signature aluminum railing for contemporary look. In addition, it offers Trex Seclusions fencing product, including structural posts, bottom and top rails, pickets, and decorative post caps; and Trex Elevations, a steel deck framing system. Further, the company acts as a licensor in various licensing agreements with third parties to manufacture and sell products under the Trex name, including Trex Outdoor Furniture; Trex RainEscape, an above joist deck drainage system; Trex Pergola, a cellular PVC product; Trex Latticeworks outdoor lattice boards; Trex Cornhole boards; Diablo Trex Blade, a saw blade for wood-plastic composite decking; Trex SpiralStairs and structural steel posts; Trex Outdoor Kitchens, Cabinetry, and Storage; and Trex Outdoor Fire & Water products. Additionally, it offers architectural and aluminum railing systems, and staging equipment and accessories. The company sells its products through wholesale distributors, retail lumber dealers, and Home Depot and Lowe’s stores, as well as through its direct sales staff, independent sales representatives, and bidding on projects. The company was founded in 1996 and is headquartered in Winchester, Virginia.Educationby lauraleaUpdated 443
Keep your eye on TREXTrex Company, Inc. is a manufacturer of wood-alternative decking and railing. If inflationary pressure remains, and homes continue to get built, this could be a major winner. Longby brennanman007Published 1
TREX attracting more volume* Very strong earnings year over year * Very strong up trend * Broke out of a 6 month consolidation * Consolidating right above broken level and attracting more volume Trade Idea: * Now would be a great time to get in as it's building a new base right above the broken level. * If you are looking for a discount, there is a slight chance of it visiting the $109 region before moving higher Longby HaseebKhan_90Published 1
TREXThis is another example of a running flat. I know the candle sticks wont follow the exact patterns but it helps one with forecasting. The yellow highlighted patterns are called bars pattern. Its a great tool and one of my favorites. Longby MoneymakeroPublished 0
Going long1. Above 9 MA 2. MACD is bearish but I believe it's going to be short-lived 3. An optimistic RSI 4. Stochastic buy signal 5. Earnings are approaching so... Longby LuisRosario1Published 1
Trex Company $TREX "brokeout"$TREX passed the buy point of $132.84. It is ready for a new uptrend 12 months Consensus Price Target: $119.91 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. ThxLongby TheBullseyePublished 5
ANALYSIS to TREX COMPANYHey investors, TREX COMPANY gives a buy signal, but it is possible that it will drop as soon as expected. See if buyers will regain control of the high volume of the previous day. Please LIKE & FOLLOW, thank you!Shortby stephanelibatdPublished 6
ANALYSIS to TREX COMPANY Hey investors, TREX COMPANY gives a buy signal, but it is possible that it will drop as soon as expected. See if buyers will regain control of the high volume of the previous day. Please LIKE & FOLLOW, thank you!Shortby stephanelibatdPublished 1
TREX Easy Low Risk ShortThis stock price feels manipulated, as if it was marked up purposefully. The way they just blew thru 1.236 retrace with no problem and they popped through a resistance level (where to be fair, the stock did hesitate & sell off, pop over and throwback retest held). But now the price has literally terminated into a extremely well defined bearish rising wedge. The TA risk reward says DOWN with little upside risk.Shortby PontusTraderPublished 556
TREX Short positionTREX Short position Markets are starting going a litle Bear market TREX making a descending channel The company had great QEarnings, yet most customers pay with bank loans the products With unemployment rising, not good signs for some stocks SL . 114.20 TP1 . 107.20 TP2 . 99.00 TP3 . 90.50Shortby ClaudioVelezUpdated 2