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(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.

Showing technical analysis as on 2024-03-20 View latest technical analysis

10 day averaged volume of Encore Wire is 233360

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	237.35	230.26	238.38	229.71	0.495 times
19 Tue Mar 2024	229.71	228.65	230.25	224.99	0.489 times
18 Mon Mar 2024	229.68	225.70	233.82	222.39	0.704 times
15 Fri Mar 2024	225.64	220.03	228.18	220.03	3.591 times
14 Thu Mar 2024	221.86	226.69	226.69	218.85	0.846 times
13 Wed Mar 2024	225.54	220.14	227.47	218.67	1.387 times
12 Tue Mar 2024	218.42	221.38	221.50	217.80	0.485 times
11 Mon Mar 2024	220.68	222.50	222.50	218.25	0.656 times
08 Fri Mar 2024	223.32	225.92	229.90	222.00	0.6 times
07 Thu Mar 2024	224.63	221.70	225.02	218.89	0.714 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 234.5, but if it comes below 234.5, then a intra day sell could be more profitable.
If you take a sell trade below 234.5, then use 234.5 as stoploss and 227.27 as target. However if you take a buy trade in stock , then use 234.5 as stoploss and 243.2 as target.

Share price targets for Encore Wire (WIRE)

Target Type	Value
Downside Target	176.59
Downside Target	183.20
Downside Target	205.19
Downside Target	214.25
Downside Target	225.97
Downside Target	228.18
Downside Target	234.29
Upside Target	238.38
Upside Target	242.66
Upside Target	242.94
Upside Target	250.00

Intraday share price targets for Encore Wire (WIRE)

Target Type	Value
Downside Intraday Target	227.03
Downside Intraday Target	216.72
Upside Intraday Target	243.02
Upside Intraday Target	248.7
Downside Intraday Target	232.71

Weekly technical analysis of Encore Wire (WIRE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	237.35	225.70	238.38	222.39	0.242 times
15 Fri Mar 2024	225.64	222.50	228.18	217.80	2.06 times
08 Fri Mar 2024	223.32	241.13	242.66	218.89	0.91 times
01 Fri Mar 2024	241.57	220.25	242.94	220.25	1.375 times
23 Fri Feb 2024	220.41	223.32	225.97	214.25	0.626 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
20 Wed Mar 2024	237.35	240.52	242.94	217.80	0.848 times
29 Thu Feb 2024	241.00	227.75	250.00	214.25	0.917 times
31 Wed Jan 2024	225.50	212.47	234.29	207.00	0.857 times
29 Fri Dec 2023	213.60	184.00	221.53	183.20	1.326 times

Scroll below to view daily charts

Price has moved down 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)

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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Encore Wire in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Encore Wire Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Encore Wire in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Encore Wire is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 225.48 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.