ENPH LongENPH has been trading within this channel with sharp rebound once range is broken. Keep the tight stop loss and be careful of theta, but it might, just might, go on another insane run if history repeats. Love, AT74
ENPH trade ideas
Falling Wedge- Bullish - UpdateENPH has been trading sideways for quite some time now while simultaneously getting beaten down by the broader markets, and testing a very strong resistance level circa $223-214.00. However, ENPH has seemingly found a bottom with a significant amount of bullish flow coming in while heading into earnings on 4/23'. From a fundamental standpoint, relative to others in the sector such as FSLR, ENPH is undervalued compared to other big names in the sector. Nevertheless, ENPH is setting up quite nicely here, hovering in and out of oversold territory while holding a massive falling wedge, accompanied by hidden bullish divergence on the RSI on the weekly timeframe (See Attached Chart Below). Furthermore, ENPH is sitting right on its 50-day SMA while bulls & bears are pulling. Regardless, Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime --Previous Charts Attached Below As Well As Price Targets--
PT1- $222.58
PT2- $228.34
PT3- $234.62
PT4- $240.37 +
Weekly Timeframe
Fundamentals
Previously Charted
$ENPH Double Bottom?$ENPH got beaten up after earnings I suspect the reason is that one of solar’s biggest markets, California, is changing how it pays for excess solar generation or commonly called “NEM Charges.” In a nut shell it stretches out the payback period from 5 years to 9 years (Assuming you buy the system) so what will that do for demand? ( That was finalized by CA PUC in December 2022 - about the time of the start of the decline in stock)
Without getting into a long discussion on this news, I think that this is now priced into the stock and it “may” be free to run higher. See notes on chart. Ideas, not investing / trading advice.
From earningswhispers.com
Enphase Energy Beats
Enphase Energy ( ENPH ) reported Quarter December 2022 earnings of $1.44 per share on revenue of $724.7 million. The consensus earnings estimate was $1.23 per share on revenue of $694.8 million. The Earnings Whisper number was $1.29 per share. Revenue grew 75.6% on a year-over-year basis.
The company said it expects first quarter revenue of $700.0 million to $740.0 million. The current consensus revenue estimate is $670.67 million for the quarter ending March 31, 2023.
Enphase Energy Inc delivers microinverter technology for solar industry that increases energy production, simplifies design and installation, improves system, reduces fire safety risk & provides a platform for intelligent energy management.
Enphase LONGHello fellas!
Curious about Enphase at these levels. A lot of steam has been blown away from the highs last year, and we are closing the fibonacci level of 61,8 which to me is veeery intriguing. Daily MACD seems to be also recovering from the lows, supporting the thesis for long position. Daily 100EMA is also supporting the price action.
I set the stop loss at exact 200 USD, with a risk/reward of 5. A lot of great potential here!
Thanks for reading, have a great day!
ENPH Enphase Energy Options Ahead of EarningsLooking at the ENPH Enphase Energy options chain ahead of earnings , I would buy the $215 strike price Puts with
2023-2-10 expiration date for about
$9.16 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
ENPH$ENPH - lost 50% of the move from Jan 2022 low to Nov 22 high, around $225 level. Made an attempt to reclaim this level this week but big rejection. A weekly close below $201.68 is potentially negative. Weekly MACD crossing below the zero line - not a good sign.
Levels to watch on the downside is around $197.50, $167.50
Earnings Beat/Guidance Not Gr8ENPH reported earnings and was a beat on revenue and EPS, however guidance warning of a slow down this year.
Price is hovering over the .382 of the trend up since the covid low.
Engulfing candle noted.
Possible M pattern forming.
Price opened with a bang but fizzled with an engulfing candle noted.
Whittling down to T4 as T1-3 have been met. I usually do not calculate this many targets for a security and do not remember why I did that! LOL
No recommendation with possible pull back to green support trendline.
Short interest is around 4.4%.
ENPH dipped as expected, time for rip soon? a😜august 22nd 2022 I gave a warning that ENPH was at trend resistance zone, and to no expect short term bottom until we meet the 222 area.
took a while but as expected we saw a dip to 222, now watching for climb back above strong trend support and 262 explosive long trigger..
above that I expect a very quick move to 340 or so, boost and follow if this helped! thanks <3
$ENPH LONGENPH has been beaten to a pulp right to our downtrend line PERFECTLY. I’m expecting some tight consolidation and maybe even a double bottom prior to earnings before ENPH makes it was back up towards to 260 *maybe for an IVS H&S neckline. Followed by a trip back to 224 for seasonal pullback. All if the market cooperates…I see the weekly uptrend line as well…I think the only way we get there is if they miss ER or guide down.
ENPH - MyMI Option PlaysAfter watching the $203 Dip this morning, we purchased some PUTs for the stock as we expect to retest those levels and lower after losing support around the $211 Price Level.
We're looking for this to head to $188 over the coming weeks based on the loss in momentum alongside losing support.
Looking for very strong support at the $179.12 for those interested in gathering profits to the downside to get into this long-term.
ENPH | I Like This Play | LONGEnphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.
Enphase Energy (ENPH) | Approaching a Strong Support!Hi,
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of its revenue from the United States.
Technical criteria point out that $165 - $200 can produce a short-term rejection:
1. Previously worked resistance area becomes support.
2. Round number $200 has played a lot of role in the history of PA.
3. The clean trendline, drawn from the bodies, adds strength to the possible buying zone.
4. The bottom of the range, around $165, is the last criterion that can push the price up and which has a lot of power to produce some reversals and it is the simple 50% drop from ATH.
Do your homework, do your fundamentals, and if this matching with my TA then you are ready to go. Green light from both analyses is needed!
Regards,
Vaido
So What to do Now? Re-evaluate and see what is going on and calculate new targets.
Downside targets have been met and this is still going down in spite of dipping in to oversold territory for a while now.
Bollinger bands are set on 80 and price is hanging on to the bottom band.
I took a look at this on weekly and drew a fib table. This one is STEEP so there are a lot of buyers inside this security which equals a lot of potential sellers.
This chart is very difficult to work with due to the very steep trend up. I almost gave up after I looked at weekly 3 times trying to figure it out before I saw anything.
It is hard for me to read charts using a fib table when it is extremely vertical for a long time, and I do depend on fib levels. Not everyone does as we are all different.
Earning's date is not clear and I see 2-7 and on other sites I see 2-8. Analysts seem positive. The numbers to beat are virtually the same as last quarter.
No recommendation except be safe. This is borderline parabolic on weekly and what goes up must come down. It is due another bounce soon perhaps.
Adjusted targets in orange with T1 being larger type than T2 and so on.
EPS (FWD)
4.35
PE (FWD)
52.49
Div Rate (TTM)
-
Short Interest
3.69%
Market Cap
$31.05B
Deeply OversoldOversold conditions can last a while but this has been bleeding red candles for a while now.
Looks like panic to the max in a straight line down without any green in sight!
Even sellers will eventually become exhausted.
Price is closing in on a prior gap that may provide support.
This would have been a very profitable short so far.
Short is around 3.4% today.
No recommendation.
ENPH - Here we go againThe H & S trade preformed pretty well, earnings def caught by suprise. Seems to finally be a rotation out of Solar and ENPH will be prime (along with a few others that are overbought. Looking for 260, 240 possibly lower as rates and new policies unravel. 200 isn't out of question EOY.
