AZEK-positive

By Jeffrey Marcus | January 3, 2023
, AZEK-positive
  • AZEK rose above its 2022 downtrend line in November. The zoom chart shows  that AZEK is now at the new 2-month uptrend line. Given the decline of more than 65% in 2022 – high to low, AZEK’s potential upside is the break down that occurred in January 2022 or up 62% from Friday’s close (weekly chart).

RRG analysis shows that AZEK has moved from the Lagging quadrant, through the Improving quadrant, and into the Leading quadrant. (RRG below)

, AZEK-positive

, AZEK-positive
, AZEK-positive

Relative Rotation Graphs (RRG) – explanation video

RRG – written explanation

, AZEK-positive

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Jeff Marcus founded Turning Point Analytics (TPA) in 2009 after 25 years on trading desks and 13 years as a head trader to provide strategic and technical research to institutional clients. Turning Point Analytics (TPA) provides a unique strategy that works as an overlay to clients’ good fundamental analysis. After 10 years of serving only large institutions, TPA now offers its research services to mid and small managers, RIA’s, and wealthy sophisticated individuals looking for a way to increase their returns and outperform their peers.

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