A stress-strain graph for mild steel wire
From the origin to point P, the stress is directly proportional to strain where P is the limit of proportionality.
E represents the elastic limit; elastic deformation occurs up to the elastic limit and plastic deformation beyond it.
Y1 and Y2 are upper and lower yield points where the material extends rapidly. (typical of mild steel but uncommon in others)
UTS is the ultimate tensile strength of the material, the maximum tensile stress the material can withstand when being stretched before it breaks.
B is the breaking point of the material