Bullish long- Possible BreakoutENPH has been getting hit relatively hard compared to the broader market, was in the oversold range for a while, and has been hovering in the $145-155 range for a little while now. ENPH's first support level is at $149.42 and then resistance at $162.28. Needs to break and hold above that first resistance but will be looking for a breakout from there. However, this will depend on overall market conditions with respect to volatility and a potential pullback as markets are nearing ATHs.
- Impending MACD cross on 6 month
- PT upgraded to $200 by Solar Stock Analyst: Biju Perincheril
- PT1- $162.28
- PT2- $172.86
- PT3- $190.69
www.benzinga.com
ENPH trade ideas
ENPH, TIME TO LOAD UP?Hello fellow traders and investors, here's another trade idea.
ENPH and many other green energy stocks have recently pulled back to the 200SMA and the trendline that acts as a support. If ENPH makes a full recovery it offers around a 28% ROI to the previous high.
Technicals:
The Macd indicates that ENPH is oversold
The Ema's indicate that ENPH is in a downtrend
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
There are three options I would consider. The first one would be at its previous high which offers a 28% ROI, the second option would be to hold for the long term.
Fundamentals: Enphase Energy is a global energy technology company and the world’s leading supplier of micro inverter-based solar-plus-storage systems. The Company delivers smart, easy-to-use solutions that connect solar generation, storage, and energy management on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 32 million microinverters, and approximately 1.4 million Enphase-based systems have been deployed in more than 130 countries. Their P/E is around 180 and their debt to equity is 0.68. They have an amazing ROI of 25% and they have a growth of 26% Q/Q. Their valuation is rich however they have amazing projected growth in the next decade.
Rating: 90/100
I rate this company 90/100 since they have amazing growth coming, an amazing business compared to some of the other green energy stocks in the industry. The only reason why it was not 100/100 is that their valuation is a little bit expensive.
NOTE: I will be watching this stock for entries between 140 to 150$ since it has been making higher lows and lower lows and hasn't shown signs of a reversal.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.
ENPH - Look Out BelowLT support on W and M timeframe
PE ~= stock price (170 on 2/23)
Such a high flyer, it needs to come down to reality
From COVID low to ATH, 0.618 fib matches with LT trend (coincidence?).
Currently bouncing off of 26 W EMA, but I expect it to head towards 100, and I may look to buy <120
ENPH: Double Top, Now What? Using key Fib levels to confirm double top pattern in ENPH, a projected run back up to 196.77 could occur if it sustains support from critical moving averages (50, 200). 10-12 day out look could see ENPH replicating similar movement observed in the last week of January 2021 and beginning of February 2021. Key level is 203.63 as indicated by volume node.