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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Encore Wire: Bear Harami
Bear Harami /
Encore Wire: Bear Harami

WIRE: Reversal (Weak) Candlestick Current Signal -> (1) 17 May: BEARISH (2) 16 May: NEUTRAL (3) 15 May: NEUTRAL

Encore Wire: Daily performance is 1.7 % [Uptrend]
Closing Price /
Encore Wire: Daily performance is 1.7 % [Uptrend]

[BULLISH]: Encore Wire current uptrend in the first timeframe. Currently, the Close is $48.1.

MACD /
Encore Wire: MACD @0.191 [Bullish]

WIRE: MACD Recent Trading -> (1) 17 May: 0.191 (2) 16 May: 0.0176 (3) 15 May: -0.1403

Momentum /
Positive momentum: Price is trading higher for Encore Wire than 5 days ago

[BULLISH]: Encore Wire currently has positive momentum of 0.4. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.7%. The largest upward momentum rally for the last 3 months is 6 days producing a return of 2.1%.

Moving Average Envelope /
Oversold signal continues for Encore Wire indicating upward price movement is likely

[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 48.4025.

High Price /
Strong price performance from WIRE has seen a higher high of 1.7 % [Uptrend]

[BULLISH]: Encore Wire current uptrend in the first timeframe. Currently, the HIGH is 1.7 %.

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Percentage Volume /
The current volume for WIRE is losing momentum through a fall against the short term EMA

[BEARISH]: Encore Wire currently has negative PVO -9.62%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1.7%.

Encore Wire: Detrended Price Oscillator(20) (-6.7975)
Detrended Price Oscillator /
Encore Wire: Detrended Price Oscillator(20) (-6.7975)

WIRE: DPO Current Signal -> (1) 17 May: BEARISH (2) 16 May: BEARISH (3) 15 May: BEARISH CROSSOVER

Negative VROC: Price is lower for Encore Wire than 14 days ago
Volume Rate of Change /
Negative VROC: Price is lower for Encore Wire than 14 days ago

[BEARISH]: Encore Wire currently has negative rate of change of -28%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.7%.

Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(5) for WIRE

[BULLISH]: Encore Wire currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 1.7%.

On Balance Volume /
Traders are currently Distributing Encore Wire

[BEARISH]: Encore Wire current price has highlighted recent distribution. Currently, the OBV is -1.09079e+006.

Volume /
Encore Wire: Daily volume is 31189 [Lower Volume]

[BEARISH]: Encore Wire current volume downtrend in the first timeframe. Volume for WIRE is 31189 (-4.1).

[Bullish]: SMA(5) is serving as a support line for Encore Wire
Simple Moving Average /
[Bullish]: SMA(5) is serving as a support line for Encore Wire

[BULLISH]: Encore Wire currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1.7%.

Encore Wire currently has negative PPO -4.029
Percentage Price /
Encore Wire currently has negative PPO -4.029

[BEARISH]: Encore Wire currently has negative PPO -4.029%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Daily Volume Index /
WIRE: Current trading activity signals DVI accumulation is active

WIRE: DVI Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: BULLISH

Ulcer Index /
Ulcer index has increased in stress level for Encore Wire & high drawdown is expected

[BULLISH]: Encore Wire UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 14.591.

Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(5) for WIRE

WIRE: EMA(5) Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH CROSSOVER (3) 15 May: BEARISH CROSSOVER

[Long]: Entry price for WIRE should be set @$48.175
Demarks Pivot Points /
[Long]: Entry price for WIRE should be set @$48.175

Encore Wire has broken the first DeMark resistance point ($48.1750) [Bullish]. Look for a long limit order entry near this point. Exit price for WIRE should be set @$49.05 & Stoploss for Encore Wire should be set at $47.7

Encore Wire Ease of Movement is 2986.63 [Easily Moved]
Ease of Movement /
Encore Wire Ease of Movement is 2986.63 [Easily Moved]

WIRE: EOM Recent Trading -> (1) 17 May: 2986.63 (2) 16 May: 729.705 (3) 15 May: 127.612

Bill Williams Profanity has signalled a Fake Day for Encore Wire
Bill Williams Market Facilitation /
Bill Williams Profanity has signalled a Fake Day for Encore Wire

Encore Wire Currently is a confirmed Fake Day. MFI indicator is up, volume is down for WIRE. Trend continuation possible for WIRE from reduced trading activity.

White Candle /
WIRE Basic Candle: White

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

Close Tod Vs Close Yest /
Encore Wire: Share price rise (1.7% signals buyers are still keener than sellers

WIRE: Recent performance signals ->(1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: NEUTRAL

Three White Soldiers /
Encore Wire: Three White Soldiers

[BULLISH]: Encore Wire has formed a new Three White Soldiers pattern.

Woodie Pivot Point /
Encore Wire has broken the first Woodie resistance point ($48.776) [Bullish]

Encore Wire has broken the first Woodie resistance point ($48.776) [Bullish]. Look for a long limit order entry near this point. Exit price for WIRE should be set @$49.388 & Stoploss for Encore Wire should be set at $46.688

[Downtrend]: Average True Range (1.63) downtrend has been confirmed for WIRE
Average True Range /
[Downtrend]: Average True Range (1.63) downtrend has been confirmed for WIRE

[Bearish]: Average True Range has confirmed an downtrend is present. Encore Wire has a TR of 1.35, and an ATR(14) of 1.63.

[Long]: Limit orders for Encore Wire should be set at $48.734
Pivot Points /
[Long]: Limit orders for Encore Wire should be set at $48.734

Encore Wire has broken the first resistance point ($48.734) [Bullish]. Look for a long limit order entry near this point. Exit price for WIRE should be set @$49.367 & Stoploss for Encore Wire should be set between $46.667 & $46.034

Elder Ray Index /
Buying pressure for WIRE highlights ability of buyers to drive the price upwards

[BULLISH]: Encore Wire Elder Ray Index is signalling a Bullish movementERI is 0.417 indicating bull power. Prices are being driven above the consensus of value for WIRE during the last trading session [Buying Pressure]

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