ENCORE WIRE CORP (WIRE)       129.31  +4.82 (+3.87%)

129.31  +4.82 (+3.87%)

US2925621052 - Common Stock - After market: 129.31 0 (0%)

Technical Rating

We assign a technical rating of 7 out of 10 to WIRE. In the last year, WIRE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.



The long and short term trends are both positive. This is looking good!
WIRE is part of the Electrical Equipment industry. There are 78 other stocks in this industry. WIRE outperforms 98% of them.
WIRE is currently trading in the upper part of its 52 week range. This is a good signal, certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
In the last month WIRE has a been trading in the 102.03 - 134.90 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that WIRE is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

Statistics

1 Month 3 Months 6 Months 12 Months 15.65% 14.90% -10.64% 60.41% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 96.79 65.98 - 151.64
WIRE Weekly chart
WIRE Daily chart

Support/Resistance Analysis


91.19

146.16
When analyzing the support we can see 5 important areas.
  • A support zone ranging from 127.13 to 129.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 118.61 to 121.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 107.93 to 108.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 105.47 to 105.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @92.11 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
  • Resistance @132.81 from a trend line in the daily time frame.
  • Resistance @135.48 from a horizontal line in the daily time frame.
  • Resistance @144.71 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

Although WIRE has an excellent technical rating, the quality of the presented setup is not ideal 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 CORP129.31

NASDAQ:WIRE (5/17/2022, 7:00:03 PM)+4.82 (+3.87%)

After market: 129.31 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Electrical Equipment
Performance
Today 3.87% 1 Week 2.93%
2 Weeks 4.75% 1 Month 15.65%
3 Month 14.9% 6 Month -10.64%
Volatility
ATR(14) 6.68 ATR(20)% 4.66%
ATR Inc -17.68% Range Today 3.17
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 96.79 Mansfield 2.96
10 Day High 134.9 10 Day Low 119.22
20 Day High 134.9 20 Day Low 102.03
52 Week High 151.64 52 Week Low 65.98
CS1 End 129.25 CR1 Start 132.81
Volume & EV
DER(3) 0.11% DER(5) -0.75%
Volume 138.41K Volume Incr -24.18%
Vol(5) 178.98K Vol(50) 228.66K

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