Technical Analysis for WIRE - Encore Wire Corporation

Grade Last Price % Change Price Change
B 280.57 -0.51% -1.43
WIRE closed down 0.51 percent on Friday, May 17, 2024, on 81 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat

Date Alert Name Type % Chg
Volume Surge Other -2.32%
Calm After Storm Range Contraction -2.32%
Narrow Range Bar Range Contraction -2.32%
Stochastic Reached Overbought Strength -2.32%
Volume Surge Other -3.15%
Calm After Storm Range Contraction -3.15%
NR7 Range Contraction -3.15%
Narrow Range Bar Range Contraction -3.15%
Inside Day Range Contraction -3.15%
Above Upper BB Strength -3.15%

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Profile

Encore Wire Corporation Description

Encore Wire Corporation manufactures and supplies electrical building wires and cables for use in interior electrical wiring applications in commercial and industrial buildings, homes, apartments, and manufactured housings. The company's products include NM-B Cable, a non-metallic sheathed cable primarily used as interior wiring in homes, apartments, and manufactured housing; UF-B Cable, an underground feeder cable that is used to conduct power underground to outside lighting and other applications remote from buildings; and THHN/THWN-2 Cable, which is primarily used as feeder, circuit, and branch wiring in commercial and industrial buildings. Its products also comprise XHHW-2 Cable and USE-2 Cable that are intended for general purpose applications utilized in conduit or other recognized raceways for service, feeders, and branch-circuit wiring; metal clad and armored cables, which are primarily used as feeder, circuit, and branch wiring in commercial and industrial buildings; photovoltaic (PV) cables that are used to provide connections between PV panels, collector boxes, and inverters; and bare copper conductors that are used in overhead electrical transmission and distribution systems for grounding electrical systems. In addition, the company purchases and re-sells other types of wires. Encore Wire Corporation markets its products primarily through independent manufacturers' representatives, as well as directly to wholesale electrical distributors and retail home improvement centers in the United States. The company was founded in 1989 and is headquartered in McKinney, Texas.


Classification

Sector: Technology
Industry: Electronic Components
Keywords: Metals Electromagnetism Distribution Systems Manufactured Housing Inverters Manufactured Goods Conduit Electrical Wiring Power Cable Electrical Cable Electrical Distributors Electrical Systems Electrical Transmission Wire Cables Copper Conductor Electrical Conduit Retail Home Improvement Centers

Is WIRE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 295.9
52 Week Low 150.4775
Average Volume 311,740
200-Day Moving Average 212.25
50-Day Moving Average 265.05
20-Day Moving Average 281.80
10-Day Moving Average 281.07
Average True Range 3.96
RSI (14) 57.26
ADX 29.4
+DI 23.78
-DI 15.69
Chandelier Exit (Long, 3 ATRs) 277.13
Chandelier Exit (Short, 3 ATRs) 290.98
Upper Bollinger Bands 284.58
Lower Bollinger Band 279.02
Percent B (%b) 0.28
BandWidth 1.97
MACD Line 3.66
MACD Signal Line 5.08
MACD Histogram -1.4295
Fundamentals Value
Market Cap 4.43 Billion
Num Shares 15.8 Million
EPS 25.75
Price-to-Earnings (P/E) Ratio 10.90
Price-to-Sales 1.47
Price-to-Book 2.19
PEG Ratio 2.09
Dividend 0.08
Dividend Yield 0.03%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 284.52
Resistance 3 (R3) 284.79 283.74 283.86
Resistance 2 (R2) 283.74 282.73 283.60 283.64
Resistance 1 (R1) 282.15 282.11 281.63 281.89 283.42
Pivot Point 281.11 281.11 280.84 280.97 281.11
Support 1 (S1) 279.52 280.10 279.00 279.25 277.72
Support 2 (S2) 278.47 279.48 278.34 277.50
Support 3 (S3) 276.89 278.47 277.28
Support 4 (S4) 276.62