Trex Company Stock Technical Analysis

TREX Stock  USD 99.25  1.14  1.16%   
As of the 28th of March, Trex has the Coefficient Of Variation of 727.28, risk adjusted performance of 0.0837, and Semi Deviation of 1.65. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Trex Company, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Trex Company, which can be compared to its competition. Please validate Trex Company semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to decide if Trex is priced more or less accurately, providing market reflects its prevalent price of 99.25 per share. Given that Trex Company has jensen alpha of (0.04), we advise you to double-check Trex Company's current market performance to make sure the company can sustain itself at a future point.

Trex Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Trex, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Trex
  
Trex's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Trex Analyst Consensus

Target PriceAdvice# of Analysts
75.06Buy20Odds
Trex Company current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Trex analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Trex stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Trex Company, talking to its executives and customers, or listening to Trex conference calls.
Trex Analyst Advice Details
Trex technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Trex technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Trex trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Trex Company Technical Analysis

Indicator
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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Trex Company volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Trex Company Trend Analysis

Use this graph to draw trend lines for Trex Company. You can use it to identify possible trend reversals for Trex as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Trex price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Trex Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Trex Company applied against its price change over selected period. The best fit line has a slop of   0.37  , which means Trex Company will continue generating value for investors. It has 122 observation points and a regression sum of squares at 5291.29, which is the sum of squared deviations for the predicted Trex price change compared to its average price change.

About Trex Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Trex Company on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Trex Company based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Trex Company price pattern first instead of the macroeconomic environment surrounding Trex Company. By analyzing Trex's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Trex's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Trex specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 (projected)
Dividend Yield1.15E-43.68E-43.0E-6
Price To Sales Ratio13.034.288.22

Trex March 28, 2024 Technical Indicators

Most technical analysis of Trex help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Trex from various momentum indicators to cycle indicators. When you analyze Trex charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Trex March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Trex stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Trex Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Trex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Trex Company Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Trex Company Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trex Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Trex Company information on this page should be used as a complementary analysis to other Trex's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Trex Stock analysis

When running Trex's price analysis, check to measure Trex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Trex is operating at the current time. Most of Trex's value examination focuses on studying past and present price action to predict the probability of Trex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trex's price. Additionally, you may evaluate how the addition of Trex to your portfolios can decrease your overall portfolio volatility.
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Is Trex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Trex. If investors know Trex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Trex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.23
Earnings Share
1.89
Revenue Per Share
10.074
Quarterly Revenue Growth
0.019
Return On Assets
0.185
The market value of Trex Company is measured differently than its book value, which is the value of Trex that is recorded on the company's balance sheet. Investors also form their own opinion of Trex's value that differs from its market value or its book value, called intrinsic value, which is Trex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Trex's market value can be influenced by many factors that don't directly affect Trex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Trex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.