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Stock Trend Analysis Report

Prepared for you on Sunday, June 23, 2024.

Encore Wire Corporation (NASDAQ:WIRE)

Long-Term Uptrend (+90) - WIRE is in a strong uptrend that is likely to continue. While WIRE is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

NASDAQ_WIRE
Open High Low WIRE Price Change
289.48 289.60 289.21 289.43 +0.20
Entry Signal

MarketClub’s Trade Triangles for WIRE

long term up The long-term trend has been UP since Aug 18th, 2022 at 146.8262

intermediate term up The intermediate-term trend has been UP since May 29th, 2024 at 284.0000

short term up The short-term trend has been UP since May 28th, 2024 at 279.9750

Smart Scan Analysis for WIRE

Based on our trend formula, WIRE is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for WIRE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
289.48 289.60 289.21 289.43 +0.20
Prev. Close Volume Bid Ask Time
289.40 590147 2024-06-21 15:59:44
Year High58.7Year High Date2018-03-21
Year Low40.96Year Low Date2018-10-24
52wk High295.952wk High Date2024-04-15
52wk Low150.5152wk Low Date2023-07-26
Year End Close30.31Average Volume430,720
Shares Outstanding15,789Short Interest580,186
% Institutional82.5Market Cap1,206M
Assets204,154,000MLiabilities228,583,000M
P/E Ratio15.2467Beta1.53
Volatility40.25
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