ENCORE WIRE CORP (WIRE) Stock Technical Analysis
USA - NASDAQ:WIRE - US2925621052 - Common Stock
289.84 USD
0.01 (0%)
289.81 USD
-0.03 (-0.01%)
Overall WIRE gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, WIRE did better than 92% of all other 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 76% of 92 stocks in the same industry.
WIRE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month WIRE has a been trading in a tight range between 288.40 and 289.99.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, WIRE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 289.85. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
188.35
294.89
When analyzing the support we can see 6 important areas.
- A support zone ranging from 284.80 to 289.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 276.93 to 279.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @258.51 from a trend line in the daily time frame.
- Support @213.60 from a horizontal line in the daily time frame.
- Support @203.06 from a trend line in the weekly time frame.
- Support @190.25 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 289.85 to 291.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WIRE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WIRE is up. |
| ChartMill Relative Strength | 92.8 | POSITIVE | WIRE has a high relative strength, it outperformed 92.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WIRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WIRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WIRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.23 | OVERBOUGHT | The high RSI value suggests WIRE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests WIRE has a negative trend. |
| Stochastics (14,3) | 89.61 | OVERBOUGHT | The high Stochastics value suggests WIRE may be overbought. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for WIRE suggests low volalility. |
| Average Directional Index/ADX (14) | 33.84 | POSITIVE | The high ADX value value for WIRE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 290.00 | 289.03 | 0.97 (0.33%) | 25.00% |
| An entry @290.00. This is a Buy Stop order right above the 10 day high. | An exit @289.03. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.97 points, which is 0.33%. | For a 0.08% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
289.84
0.01 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0%
1 Week0.09%
2 Weeks0.27%
1 Month0.38%
3 Month7.89%
6 Month34.89%
12 Month64.49%
2 Year109.32%
3 Year269.55%
5 Year427.75%
10 Year591.08%
15 Year1236.28%
Volatility
ATR(14)0.32
ATR(20)%0.12%
ATR Inc-22.38%
Range Today0.34
ADR(20)0.35
ADR(20)%0.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.8
Mansfield1.67
10 Day High289.99
10 Day Low289.04
20 Day High289.99
20 Day Low288.4
52 Week High295.9
52 Week Low150.51
CS1 End289.54
CR1 Start289.85
Volume & EV
DER(3)-1.15%
DER(5)-0.95%
Volume1.39M
Volume Incr82.62%
Vol(5)889.18K
Vol(50)418.19K