TREX Price Prediction Next Week
Technical Analysis: TREX is currently showing bearish signals with RSI-14 at 38.19, indicating a weakening momentum. The stock is trading below all major moving averages (5-day: $68.38, 20-day: $71.61, 200-day: $73.50), suggesting a downward trend.
Price Movement Analysis: The stock closed at $67.33 on Feb 14, 2025, with a -0.72% decline. The Bollinger Bands analysis (BBM: $71.61, BBL: $65.07) shows the stock is trading near the lower band, indicating potential oversold conditions but still maintaining downward pressure.
Fibonacci Levels:
- Resistance 1: $72.76
- Support 1: $67.49
- Critical Support 2: $65.86
News Sentiment: Recent news shows mixed sentiment. The Motley Fool analysts maintain positions in TREX, indicating long-term confidence despite current market conditions.
Price Prediction for Next Week: Based on technical indicators and current market conditions:
- Expected trading range: $65.86 - $70.12
- Most likely target: $66.50
Recommendation: SELL Rationale:
- Bearish technical indicators (RSI, Moving Averages)
- Trading below key support levels
- Weak momentum signals
- Negative MACD (-0.85) with bearish crossover
Set stop-loss at $70.12 (Fibonacci pivot) and take profit at $65.86 (Support 2).
TREX Similar Chart Price Prediction
The price of TREX is predicted to go up 18.73%, based on the high correlation periods with GLW. The similarity of these two price pattern on the periods is 94.21%.
TREX
GLW
Up: 18.73%Similarity: 94.21%
TREX Revenue Forecast
TREX EPS Forecast
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TREX Analyst's Forecast
Anthony Pettinari
Citigroup
Hold
2025-01-06
Price Target
$84 → $78
Upside
+10.92%
Citi analyst Anthony Pettinari lowered the firm's price target on Trex Company to $78 from $84 and keeps a Neutral rating on the shares. Citi updated estimates and top picks as part of a 2025 outlook for the homebuilding and building products group. The firm's 2025 earnings estimates fell 3% on average, and are now below consensus for most producers. After housing starts, remodeling spend, and cement volumes fell in 2024, Citi expects a "very modest rebound year" in 2025, the analyst tells investors in a research note. The firm remains cautious on homebuilders, which it says have the greatest sensitivity to elevated rates. Its top picks are CRH (CRH), Owens Corning (OC), and Vulcan Materials (VMC).
Kurt Yinger
DA Davidson
Hold
2024-10-29
Price Target
$70 → $74
Upside
+4.77%
Ketan Mamtora
BMO Capital
Hold
2024-10-29
Price Target
$67 → $72
Upside
+1.94%
