Encore Wire Stock Technical Analysis

WIRE Stock  USD 278.69  1.75  0.63%   
As of the 27th of May, Encore Wire shows the Semi Deviation of 1.07, mean deviation of 1.37, and Downside Deviation of 1.48. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of Encore Wire, as well as the relationship between them. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Encore Wire, which can be compared to its peers. Please confirm Encore Wire information ratio, as well as the relationship between the potential upside and kurtosis to decide if Encore Wire is priced favorably, providing market reflects its regular price of 278.69 per share. Given that Encore Wire has jensen alpha of 0.3784, we urge you to verify Encore Wire's prevailing market performance to make sure the company can sustain itself at a future point.

Encore Wire Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Encore, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Encore
  
Encore Wire's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Encore Wire Analyst Consensus

Target PriceAdvice# of Analysts
238.67Hold3Odds
Encore Wire current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Encore analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Encore stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Encore Wire, talking to its executives and customers, or listening to Encore conference calls.
Encore Analyst Advice Details
Encore Wire technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Encore Wire technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Encore Wire trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Encore Wire Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was four with a total number of output elements of fifty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Encore Wire volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Encore Wire Trend Analysis

Use this graph to draw trend lines for Encore Wire. You can use it to identify possible trend reversals for Encore Wire as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Encore Wire price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Encore Wire Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Encore Wire applied against its price change over selected period. The best fit line has a slop of   1.11  , which means Encore Wire will continue generating value for investors. It has 122 observation points and a regression sum of squares at 46403.53, which is the sum of squared deviations for the predicted Encore Wire price change compared to its average price change.

About Encore Wire Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Encore Wire on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Encore Wire based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Encore Wire price pattern first instead of the macroeconomic environment surrounding Encore Wire. By analyzing Encore Wire's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Encore Wire's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Encore Wire specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2023 2024 (projected)
Dividend Yield5.58E-43.82E-43.63E-4
Price To Sales Ratio1.131.40.99

Encore Wire May 27, 2024 Technical Indicators

Most technical analysis of Encore help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Encore from various momentum indicators to cycle indicators. When you analyze Encore charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Encore Wire is a strong investment it is important to analyze Encore Wire's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for Encore Stock analysis

When running Encore Wire's price analysis, check to measure Encore Wire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Encore Wire is operating at the current time. Most of Encore Wire's value examination focuses on studying past and present price action to predict the probability of Encore Wire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encore Wire's price. Additionally, you may evaluate how the addition of Encore Wire to your portfolios can decrease your overall portfolio volatility.
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Is Encore Wire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Encore Wire. If investors know Encore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Encore Wire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.40)
Dividend Share
0.08
Earnings Share
19.03
Revenue Per Share
155.987
Quarterly Revenue Growth
(0.04)
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.