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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Encore Wire Corporation (NASDAQ:WIRE)
Bull Market Weakness (+75) - WIRE is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on WIRE as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid WIRE?
MarketClub looks at technical strength and momentum to determine if the timing is right for WIRE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for WIRE
The long-term trend has been UP since Aug 18th, 2022 at 146.8262
The intermediate-term trend has been UP since Mar 21st, 2024 at 242.9400
The short-term trend has been UP since May 3rd, 2024 at 284.6000
Smart Scan Analysis for WIRE
Based on our trend formula, WIRE is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 280.70 | 282.34 | 280.45 | 281.18 | -0.02 |
| Prev. Close | Volume | Bid | Ask | Time |
| 281.02 | 85111 | 2024-05-08 15:59:43 |
| Year High | 58.7 | Year High Date | 2018-03-21 |
| Year Low | 40.96 | Year Low Date | 2018-10-24 |
| 52wk High | 295.9 | 52wk High Date | 2024-04-15 |
| 52wk Low | 150.51 | 52wk Low Date | 2023-07-26 |
| Year End Close | 30.31 | Average Volume | 496,779 |
| Shares Outstanding | 15,789 | Short Interest | 580,186 |
| % Institutional | 82.5 | Market Cap | 1,206M |
| Assets | 204,154,000M | Liabilities | 228,583,000M |
| P/E Ratio | 14.8234 | Beta | 1.53 |
| Volatility | 40.25 |