ENCORE WIRE CORP (WIRE)       171.8  -0.19 (-0.11%)

171.8  -0.19 (-0.11%)

US2925621052 - Common Stock - After market: 171.8 0 (0%)

Technical Rating

10

Taking everything into account, WIRE scores 10 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.
When comparing the yearly performance of all stocks, we notice that WIRE is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, WIRE also shows a nice and consistent pattern of rising prices.
WIRE is one of the better performing stocks in the Electrical Equipment industry, it outperforms 86% of 88 stocks in the same industry.
WIRE is currently making a new 52 week high. This is a strong signal, certainly because the S&P500 Index is not trading near new highs.
In the last month WIRE has a been trading in the 136.12 - 175.03 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 27.03% 23.35% 44.26% 52.87% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 95.09 94.39 - 175.03
WIRE Weekly chart
WIRE Daily chart

Support/Resistance Analysis


130.04

173.52
When analyzing the support we can see 4 important areas.
  • A support zone ranging from 143.64 to 147.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @139.49 from a trend line in the daily time frame.
  • Support @133.51 from a horizontal line in the daily time frame.
  • Support @131.35 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

2

Although WIRE has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.


WIRE Daily chart

ENCORE WIRE CORP171.8

NASDAQ:WIRE (2/3/2023, 7:15:55 PM)-0.19 (-0.11%)

After market: 171.8 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Electrical Equipment

Performance
Today -0.11% 1 Week 8.86%
2 Weeks 14.79% 1 Month 27.03%
3 Month 23.35% 6 Month 44.26%

Volatility
ATR(14) 4.82 ATR(20)% 2.71%
ATR Inc 21.5% Range Today 5.35

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 95.09 Mansfield 3.11
10 Day High 175.03 10 Day Low 148.25
20 Day High 175.03 20 Day Low 136.12
52 Week High 175.03 52 Week Low 94.39
CS1 End 147.32 CR1 Start N/A

Volume & EV
DER(3) 0.45% DER(5) 0.21%
Volume 261.30K Volume Incr 55.72%
Vol(5) 212.18K Vol(50) 167.08K

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