ENCORE WIRE CORP (WIRE)

US2925621052 - Common Stock

182.68  -1.32 (-0.72%)

Technical Rating

8

Taking everything into account, WIRE scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, WIRE has proven to be a steady performer, scoring decent points in every aspect analyzed.



Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, WIRE did better than 87% of all other stocks.
WIRE is one of the better performing stocks in the Electrical Equipment industry, it outperforms 72% of 90 stocks in the same industry.
WIRE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WIRE is lagging the market slightly.
In the last month WIRE has a been trading in the 159.00 - 184.83 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 9.43% -0.57% 31.27% 39.05% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 87.94 94.39 - 206.74
WIRE Weekly chart
WIRE Daily chart

Support/Resistance Analysis


133.71

201.62
4 important support areas can be observed.
  • A support zone ranging from 163.53 to 170.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 159.99 to 160.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @152.09 from a trend line in the daily time frame.
  • Support @135.06 from a trend line in the weekly time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 199.62 to 199.62. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

Although WIRE has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


WIRE Daily chart

ENCORE WIRE CORP

NASDAQ:WIRE (6/8/2023, 10:05:01 AM)

182.68

-1.32 (-0.72%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.72%
1 Week12.42%
2 Weeks15%
1 Month9.43%
3 Month-0.57%
6 Month31.27%
12 Month39.05%
Volatility
ATR(14)6.23
ATR(20)%3.18%
ATR Inc47.05%
Range Today2.72
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.94
Mansfield1.74
10 Day High184.83
10 Day Low159.87
20 Day High184.83
20 Day Low159
52 Week High206.74
52 Week Low94.39
CS1 End170.41
CR1 Start199.62
Volume & EV
DER(3)-0.66%
DER(5)0.5%
Volume40.44K
Volume Incr-19.34%
Vol(5)191.28K
Vol(50)260.95K
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