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Enphase Energy Inc.Enphase Energy Inc.Enphase Energy Inc.

Enphase Energy Inc.

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ENPH - Big play potential here! Massive Double TopEnphase Energy, leader in Solar & Green Energy Sector. Enphase has recently seen parabolic performance skyrocketing the stock to All Time Highs. While the stock is testing all time highs, it is still very overvalued with a P/e of 150. The bear market has not taken its toll on Enphase yet, while it has been rising in this clear rising wedge. What I see: - A clear Double Top being Printed in Large Supply Zone - Rising Wedge - Overvalued - Hasn’t got Bear market hit yet Risks : Earnings Growth Market Meltup rally Break above zone from possible cup & handle formation.
NASDAQ:ENPHShort
by ZachSap
8
ENPH: Pull Back + Bounce + Active Level RetestBig Picture: Earnings coming up 10/25/22. Had good Earnings last time. Coming back into aggressive buying from July and last earrings period. (Will the buyers want to fight for the price a little bit now before earnings?) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Setups: 07/20/22 - 07/27/22: ENPH broke out out from a volume accumulation + Aggressive Buying 08/02/22 - 09/06/22 Volume Accumulation 09/15/22 - 09/21/22 Volume Accumulation 09/22/22 Aggressive Selling 09/26/22 - 10/04/22 Volume Accumulation 10/05/22 - 10/07/22: Aggressive Selling -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Intraday Technical: ATR: 16.13 ATR (200Day): 14.42 DTR: 16.95 %: 105.00% RVOL: 0.82 Rel Vol (Finviz): 0.75 RSI (14 Day): 30.64 RSI (200 Day): 52.51 Volume: 2,884,739 AvgV: 3.83M Ch% (FINVIZ): -4.35% FS%: 3.31% Shs Outstanding: 135.20M Shs Float: 132.68M Inst Own: 75.10% 2 Day VWAP: 244.6 Weekly VWAP: 250.33 Monthly VWAP: 263.01 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 10/13/22 Open: 248.73 HOD: 254.21 LOD: 237.26 Close: 244.59 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Key Areas of Support: 216.82 230.14 245.49 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Key areas of Resistance: 257.08 283.43 295.02 315.29 Inflection Point: 245.35 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Trade Plan: Look for a pull back to 237.64 If pulls back to 237.64 and see absorption then start long. If blow through VWAP then Cover and look to add back in a pull back. If add in pull back this is a new trade and make sure to cover this new add at the next neck line. If hits PT 2 then look for a pull back with absorption and add. Then sell this Add right into the above neckline. Take original trade to PT 3 and sell Risk/Reward: 20% of ATR $2.88 Entry: $237.64 Stop $234.76 Exit: $249.18 PT 1: $240.52 PT 2: $243.41 PT 3: $246.29 PT: 4 $249.18
NASDAQ:ENPHLong
by ChipHazard
ENPH will die a horrible deathHey, ENPH is a done stock. I can't say when exactly it will fall, but I've long speculated solar is the most bearish sector looking to year-end because it has so much room to fall; nothing has changed. Keep an eye on this name, it's going to fall, hard. I'd only ever look for short opportunities on this name; don't even think about buying this one long- even for a bounce. For reference, this name moves with SEDG. Look how far down SEDG is... ENPH has a lot of catching up to do to the downside.
NASDAQ:ENPHShort
by MichaelEugen1
2
ENPH - totally fascinatedMonths ago, ENPH was highlighted, and since then it has been captivating... particularly this two weeks where this appears to be one that stands out. In the weekly chart (left panel), where the SPY is overlaid in dark blue, ENPH is clearly less correlated and in recent weeks moved opposing to the general market and seems to be keeping to its projected course for the upper target. Candlestick patterns are rather bullish, closing at the weeks' high, and technical indicators are supportive. In the daily chart, it similarly does look somewhat bullish by candlesticks, and the RPM is aligned, while the MACD is a tad weak. Price had broken out of the flag, and appears to have retested successfully as well. Noted that I just learnt how to set up the Gann Box properly and it seems interesting that on time did the bounce to breakout occur. Side note, although not shown here, the hourly chart looks enticing too. *wink* Overall, ENPH appears to be able to push for further highs. One of the very few leads I am keeping a close eye on. Read more about Enphase here as they develop and manufacture solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers.
NASDAQ:ENPHLong
by Auguraltrader