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Stock Charts AI Power Rank: 5.4
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Trex Company Inc (TREX)
Industry: Building Products & Equipment
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, TREX has been trading in a range between $85.82 and $70.94 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
TREX is trading between resistance at $86.57 about 5% to the upside and support at $81.32 -1% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $91.92, about a 11% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Trex Company Inc $TREX entered a Green zone 1 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $75.06, a potential down side of -9.02% from the recent price of 82.50. The stock is trading 23.53% (potential upside) below its 52 week high of $101.91 and 53.95 % (potential downside) above its 52 week low of $53.59 - based on the recent price.
Company Summary
Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.
News
| Trex Launches New Trex Signature® X-Series™ Railing Cable and Glass Railing Options Enhance Style and Specification X-ponentially Cable and Glass Railing Options Enhance Style and Specification X-ponentially Source: GlobeNewsWire Wed, 24 Jul 2024 09:01:00 -0400 Sentiment: Neutral |
| Trex Company Announces Timing of Second Quarter 2024 Earnings Release and Conference Call WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. [NYSE:TREX], the world's largest manufacturer of high-performance, low-maintenance composite decking and railing, and a leading brand of outdoor living products, will issue its second quarter 2024 earnings release on Tuesday, August 6, 2024, after the close of the U.S. market. You are invited to participate in the Company's conference call hosted by senior management on August 6, 2024, at 5:00 PM ET. Their prepared remarks will be followed by. Source: Business Wire Tue, 16 Jul 2024 08:00:00 -0400 Sentiment: Neutral |
| Trex 2023 Sustainability Report Showcases the Company's Ongoing Progress WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. (NYSE:TREX), the world's largest manufacturer of high-performance, low-maintenance composite decking and railing, and a leading brand of outdoor living products, today published its 2023 Sustainability Report, “Seeing More Value in Sustainability.” Trex 2023 financials demonstrated the strength of the Trex brand, the resilience of its consumer base, and the relevance of its products, underpinned by a 30+ year commitment to sustainability base. Source: Business Wire Thu, 27 Jun 2024 09:00:00 -0400 Sentiment: Neutral |
| Trex: A Wonderful Company At A Fair Price TREX is a high-quality, maintenance-free faux wood product that is popular among homeowners. The company is the market leader in synthetic wood products, with potential for growth in decking and railing markets. TREX's valuation is currently high, but its consistent earnings growth and future potential make it a compelling long-term investment. Source: Seeking Alpha Tue, 18 Jun 2024 12:02:33 -0400 Sentiment: Positive |
| Is the Options Market Predicting a Spike in Trex (TREX) Stock? Investors need to pay close attention to Trex (TREX) stock based on the movements in the options market lately. Source: Zacks Investment Research Wed, 12 Jun 2024 09:30:41 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 101.91 52 Week Low: 53.59 Beta: 1.502 50 Day MA: 81.3642 200 Day MA: 81.2374 Earnings / Revenue Trends Qtr Earnings Growth YOY: 1.168 Qtr Revenue Growth YOY: 0.565 Forward PE: 42.0168 Trailing PE: 35.4077