(WIRE) Encore Wire complete technical analysis [charts+indicators] | Buy/Sell Encore Wire | (WIRE) share price targets
Complete technical analysis of Encore Wire (WIRE) by charts plus indicators, forecast predictions and share price targets for Encore Wire (WIRE)
Encore Wire trades in USA in Capital Goods sector.
10 day averaged volume of Encore Wire is 167567
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 282.00 | 282.03 | 282.69 | 280.85 | 1.253 times |
| 15 Wed May 2024 | 282.00 | 281.60 | 283.00 | 281.25 | 1.553 times |
| 14 Tue May 2024 | 281.25 | 281.98 | 282.25 | 280.97 | 0.512 times |
| 13 Mon May 2024 | 280.50 | 282.50 | 282.50 | 280.50 | 1.396 times |
| 10 Fri May 2024 | 280.90 | 280.62 | 281.90 | 280.00 | 0.902 times |
My analysis of stock is bullish for shortterm, and stock might move up till 283.5 or till 285.2. Use a stoploss of 281.99 and if this stock hits its stoploss, then it can fall down till 280.52
Share price targets for Encore Wire (WIRE)
| Target Type | Value |
| Downside Target | 207.00 |
| Downside Target | 214.25 |
| Downside Target | 234.29 |
| Downside Target | 250.00 |
| Downside Target | 264.01 |
| Downside Target | 279.11 |
| Upside Target | 283.23 |
| Upside Target | 284.00 |
| Upside Target | 284.63 |
| Upside Target | 286.30 |
| Upside Target | 288.49 |
| Upside Target | 295.90 |
Intraday share price targets for Encore Wire (WIRE)
| Target Type | Value |
| Downside Intraday Target | 280.67 |
| Downside Intraday Target | 279.33 |
| Upside Intraday Target | 283.17 |
| Upside Intraday Target | 284.33 |
| Downside Intraday Target | 281.83 |
Weekly technical analysis of Encore Wire (WIRE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 282.00 | 282.50 | 283.00 | 280.50 | 1.104 times |
| 10 Fri May 2024 | 280.90 | 283.37 | 284.00 | 279.91 | 0.668 times |
| 03 Fri May 2024 | 283.04 | 285.15 | 286.30 | 279.11 | 0.564 times |
| 26 Fri Apr 2024 | 284.89 | 286.71 | 288.49 | 281.71 | 0.282 times |
| 19 Fri Apr 2024 | 284.40 | 288.96 | 295.90 | 283.23 | 10.434 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Encore Wire (WIRE)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 282.00 | 281.29 | 284.63 | 279.77 | 0.19 times |
| 30 Tue Apr 2024 | 279.36 | 263.99 | 295.90 | 250.99 | 2.703 times |
| 28 Thu Mar 2024 | 262.78 | 240.52 | 264.01 | 217.80 | 1.129 times |
| 29 Thu Feb 2024 | 241.00 | 227.75 | 250.00 | 214.25 | 0.952 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Encore Wire (WIRE)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 20, 14, 19 | Buy |
| MACD | 10, 12 | Sell |
| Stochastics | 40 | None |
| CCI | 45 | Sell |
| RSI | 62 | Buy |
| OBV | -2057432 | Sell |
| VWAP | 281 | Buy |
| ADL | 0 | Sell |
| ROC | 0 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Encore Wire ( (WIRE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Encore Wire ( (WIRE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Encore Wire ( (WIRE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Encore Wire ( (WIRE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Encore Wire stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Encore Wire in short term but the sell signal is initial and weak.
Encore Wire Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Encore Wire in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Encore Wire is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 281.38 and Encore Wire (WIRE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Encore Wire (WIRE) stock. Volume based technical analysis of Encore Wire (WIRE) stock is negative.
Encore Wire Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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