Technical analysis from Encore Wire (WIRE, NASDAQ:WIRE) on the NASDAQ Stock Exchange (NASDAQ). Download the latest price data & trading signals

Encore Wire
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[Bullish]: New volume high has formed for WIRE by 95.9 during the last trading session
Volume /
[Bullish]: New volume high has formed for WIRE by 95.9 during the last trading session

[BULLISH]: Encore Wire current volume uptrend in the first timeframe. Volume for WIRE is51600 (95.9).

Limit order for a short position has been identified for Encore Wire @$45.67
Fibonacci Extensions /
Limit order for a short position has been identified for Encore Wire @$45.67

Encore Wire has moved above the 161.8% level ($45.67) [Bearish]. Look for a short limit order entry near this point. Exit price for WIRE should be set @$41.1 & short position stoploss for Encore Wire should be set at $50.24

Percentage Price /
Encore Wire currently has negative PPO -1.300

WIRE: PPO Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

MACD /
Negative momentum on the MACD histogram for WIRE is maintained & supports a bearish move is likely

WIRE: MACD Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Open Tod Vs Close Tod /
Open/close reversal: Buyers have lost commitment during the trading day for Encore Wire

[BULLISH WEAK]: Encore Wire opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 44.4%. This suggests the buyers have lost commitment. Over the last 12 months there has been 5 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 7.5%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 9.1%.

Price Range /
Recent trading for Encore Wire has surpassed the previous price range ($2.25)

[BULLISH]: Encore Wire current uptrend in the first timeframe. Currently, the Range is $2.25.

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Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Encore Wire

[BEARISH]: Encore Wire currently has a confirmed downtrend. Price is currently below the displaced moving average for WIRECurrently, the return on DPO20 is 2%.

Price is now trading above the Exponential Moving Average(5) for WIRE
Exponential Moving Average /
Price is now trading above the Exponential Moving Average(5) for WIRE

[BULLISH]: Encore Wire currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 2%.

Stochastic oversold signal has just been neutralized for Encore Wire
Stochastic Oscillator /
Stochastic oversold signal has just been neutralized for Encore Wire

WIRE: Stochastic Oscillator Trading -> (1) 16 Feb: 43 (2) 15 Feb: 25.2 (3) 14 Feb: 32.7

Average True Range /
Daily bar has confirmed has confirmed an ATR uptrend is intact for WIRE

[Bullish]: Average True Range has confirmed an uptrend is present. Encore Wire has a TR of 2.25, and an ATR(14) of 1.425.

Percentage Volume /
Volume for Encore Wire continues to lose momentum @-11.4)

WIRE: PVO Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

WIRE Basic Candle: White
White Candle /
WIRE Basic Candle: White

[BULLISH]: Encore Wire has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Encore Wire: Weighted Moving Average(5) (47.723)
Weighted Moving Average /
Encore Wire: Weighted Moving Average(5) (47.723)

[BULLISH]: Encore Wire currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 2%.

Triangular Moving Average /
Encore Wire is in a short term uptrend with the support price @$47.256

WIRE: TMA Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH CROSSOVER (3) 14 Feb: BEARISH CROSSOVER

Sine Weighted Moving Average /
Encore Wire: Closing price $48.3 is above the SWMA(5) @$47.545

WIRE: SWMA Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Aroon Oscillator /
WIRE: Aroon oscillator has confirmed a downtrend @-44

[BEARISH]: Encore Wire has a current ARU(25) of 24 and a current ARD(25) of 68

Encore Wire: Average Directional Index (18.02) has confirmed a weak trend is present
Average Directional Movement /
Encore Wire: Average Directional Index (18.02) has confirmed a weak trend is present

[Weak Trend]: ADX for WIRE has confirmed a weak trend is presentEncore Wire has an ATR(14) of 1.425, a DX of 11.27 & an ADX(14) of 18.02

Recent trading indicates a continuation in T2 downward trend direction WIRE [Downtrend]
Medium Trend /
Recent trading indicates a continuation in T2 downward trend direction WIRE [Downtrend]

WIRE: Medium Term Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Envelope bands Oversold signal is still current for Encore Wire [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Encore Wire [Bullish]

[BULLISH]: Encore Wire current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 46.4740.

Rate of Change /
Encore Wire currently has negative rate of change for -4.167

[BEARISH]: Encore Wire currently has negative rate of change of -4.2%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Woodie Pivot Point /
Encore Wire: Look for a long limit order entry @$49.424

Encore Wire current pivot point (Woodie) is: $48.362. The current resistance levels are: (R1) $49.424: (R2) $50.612The current support levels are: (S1) $47.174: (S2) $46.112

Volume Rate of Change /
14-day volume rate of change is now increasing for Encore Wire

[BULLISH CROSSOVER]: Encore Wire currently has positive volume of change of 26%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2%.

Pivot Points /
Encore Wire has broken the first resistance point ($49.466) [Bullish]

Encore Wire current pivot point is: 48.383. The current resistance levels are: (R1) $49.466: (R2) $50.633: (R3) $51.716: The current support levels are: (S1) $47.216: (S2) $46.133: (S3) $44.966

The daily range for Encore Wire has again achieved a higher high [Uptrend]
Short Trend /
The daily range for Encore Wire has again achieved a higher high [Uptrend]

[BULLISH]: Encore Wire is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Buyers are now keener than sellers for Encore Wire & are driving the price up.
Close Tod Vs Close Yest /
Buyers are now keener than sellers for Encore Wire & are driving the price up.

[BULLISH]: Encore Wirebuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for WIRE adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2 & the greatest daily positive change this year has been 3.6. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 20.2%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 4.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0.6x giving a total win/loss ratio of 1.5x. Over the last month the average daily upward movement has been 1.3%

Range Tod Vs Range Yest /
Encore Wire: Buyers continue to be increasingly eager.

[BULLISH]: Encore Wirebuyers are increasingly eager. There has been 3 consecutive days of range increase for WIRE adding strength to an uptrend in the first timeframe. The biggest price range this month has been $4.9 & the greatest daily price range this year has been $5.6. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 0.9x.

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