AZEK Co Inc (AZEK): Price Now Near $37.6; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for AZEK

At the moment, AZEK (Get Ratings)’s price is down $-0.26 (-0.67%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as AZEK has now gone down 8 of the past 10 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

AZEK ranks 18th in terms of today’s price percentage change out of Rubber and Plastic Products stocks.

AZEK’s Technical Outlook on the Daily Chart

At the time of this writing, AZEK’s price is down $-0.33 (-0.87%) from the day prior. AZEK has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows AZEK’s price action over the past 90 days.



AZEK: Daily RSI Analysis

  • For AZEK, its RSI is now at 0.
  • AZEK and RSI both have consistent trends, as they are both heading down.

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