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Enphase Energy, IncEnphase Energy, IncEnphase Energy, Inc

Enphase Energy, Inc

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ENPH trade ideas

Enphase Energy – Is it Overpriced Enough to Start Shorting it?Fundamental Indicators: Sector – Technology US Business Cycle Stage – late cycle, when this sector is not favourable Revenue – explosive growth for the past 5 years, 40% 5-year average Profits – consistently growing since 2020 Net margin – decent 11% for tech company P/E – extremely high at 195 compared to S&P500 with 21 and Technology sector 27 Liabilities - debt ratio is at 0.81 which is within normal limits, Net Debt/ EBITDA is at 0.13 – no problems with debt Conclusion – great financial performance since it became profitable in 2019 but it is grossly overpriced considering the current global economic situation, so it is very likely to go into correction to let the steam out Technical Analysis (Elliott Waves): Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently at the stage of completing wave 3 (see higher timeframe graph) Since the correction of March 2020, the stock price went ballistic with nearly 1400% jump, which makes sense as solar energy technology is in great demand now considering the current geo-political situation However, EW count suggests that the latest global correction in the form of Running Flat lasted between February 2021 and January 2022 and since then there was another move to the upside in a choppy manner which is likely to be an Ending Diagonal currently in final stages of completion Once reversal started we can expect correction to a target area of $110-$150 representing 0.5-0.618 Fibonacci retracement levels to the global wave 3 This is a higher timeframe to reflect the full history of Enphase Energy and to provide full wave count: What do you think about Enphase Energy and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
NASDAQ:ENPHShort
by vitalalyt
3
Is This Sustainable?Price is well over the bands set on 80. Chances are very high that price will eventually pull back to the interior of the bands. ENPH broke up from a possible bullish bat a while back. Earnings beat that was obviously well received. Gap below price that may cause price to pause as it could serve as a level of support. Possible W extension pattern formed and may have landed just above the 200% mark. Remarkable to say the least. Short is approximately 3.43%. Price is up in la la land after a new ATH and this could even pull back and make another run for it. Time will tell. No recommendation/be safe Bearish Harami on daily at this moment/Doji on weekly and monthly charts representing indecision. Possible short for the near term. I plan to revisit this one
NASDAQ:ENPHShort
by lauralea
5
ENPH Enphase Energy got electric charged!This came up on my screener... ENPH Reading abotut it was intriguing as this was interesting as it develops, manufactures, and sells solar microinverters, energy monitoring software, and battery storage products. Given the expected surge of crude after the current retracement, and the sustainability trend, I find ENPH intriguingly positioned. Technicals flagged it out, having taken some damage since Oct 2021. A triangle formation breakout, and retest appears to have been done and a second breakout (of a trendline) flagged it. The daily technical indicators are turning up to support the breakout. On the news front, apparently solar stocks were given a boost with Biden's announcement where there would not be any new tariffs on solar imports for the next two years. In addition, There was authorization for Defense Production Act to help US manufacturers of solar panels, and it is expected that US solar manufacturing capacity can triple in the next two years. People would need energy management tools! Looks delicious... Potential upside target based on triangle breakout projections put it at 360 in Nov 2022. An interesting proposition seen in this chart.
NASDAQ:ENPHLong
by Auguraltrader
5
ENPH- Triangle Breakout - UpdateThe solar sector has been leading the broader markets for some time now, very much eyeing ENPH along with some others in the sector for a run-up & breakout prior to, and after their earnings. ENPH is holding a big symmetrical triangle on the daily timeframe after closing on Friday sitting on its 20-Day SMA. ENPH additionally has some nice bullish divergence on the RSI on the daily timeframe, as well as holding an ascending triangle on the 4-Hour timeframe after forming a bullish butterfly harmonic pattern (See Attached Chart Below). Bullish and will be looking for a breakout from this triangle (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- See previous charts attached below for previous price targets. 4-Hour Timeframe --Previously Charted-- PT1- $198.17 PT2- $200.85 PT3- $203.22 PT4- $206.60 +
NASDAQ:ENPHLong
by jacobosiason7
10
Enphase Energy: Tight Consolidation & Golden CrossSolar energy has been one of a few bright spots in this bearish market. Today we’re looking at the company in the group with the largest market cap: Enphase Energy (ENPH). The first pattern on this daily chart is the uptrend since mid-May -- the opposite of the broader market’s price action. In fact, ENPH hasn’t made a new 52-week low in 117 sessions. (The S&P 500 last made a new low 16 candles ago.) Next is the tight consolidation illustrated by Bollinger Bands Width. Third, you have the level around $220. ENPH probed and reversed at this area in April, June and July. But combined with the uptrend and narrowing price range, traders may look for a breakout if prices manage to cross this resistance. That could be especially true with earnings expected later this month. Finally, notice how the 50-day simple moving average (SMA) is just now rising above the 200-day SMA. That kind of “golden cross” may signal that the longer-term trend is getting more positive. (Only 10 percent of the S&P 500 have their 50-day SMAs above the 200-day SMAs, according to TradeStation data.) TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:ENPH
by TradeStation
ENPH breakout (long trade)Enphase Energy is a solar stock setting up in a textbook breakout pattern. Pullbacks have shallowed from over 50% at the start of the bear market down to 14%. This volatility compression shows accumulation in the stock and a transfer from weak hands to strong. The numbers are tremendous on this one. As you can see from the MarketSmith numbers at the bottom of the chart, sales and earnings are growing at an extraordinary rate for the last four quarters. 2022 estimates are for a 45% increase in EPS and another 24% increase is expected in 2023. Relative strength ranks at 97/100 and the solar sector as a whole is the top-performing sector right in the market right now. A strong stock in a strong sector at the start of a new bull market is the formula for knocking down triple digit gains, and this stock could very well deliver. I'm looking for a breakout above the $220 level to trigger the buy. A move on increased volume would give me even higher conviction.
NASDAQ:ENPHLong
by rossgivens
4
$ENPH Strong Relative Strength$ENPH I am already Long this name and added this morning. Still only ½ size position in this wild market. This name has been showing Relative Strength for some time now as is the whole solar sector. I have my relevant notes on the chart. I expect the next level of resistance will be in the $216 area. If it can get above that I think a reasonable target area is $250 to $280 area. I’ll be looking to add over the $216 area if it can get there. Ideas, not investing / trading advice.
NASDAQ:ENPHLong
by jaxdog
2
ENPH holds better than TAN;if mid165 fails, 120 will be retestedENPHASE is holding better than its mother ETF, TAN. Since 2021, it has basically been consolidating horizontally except for an overshoot 4Q2021. In contrast, the TAN etf is in a falling wedge formation. BULLISH CASE: Better yet, it is holding above the middle of this conso box, the 165 to 170 zone. (Middle of 120 to 220). This is also a convergence of 3 VWAPs from recent highs & recent bottoms. If it holds 165, then 220 will be retested. BEARISH CASE: If this midzone is lost, then a retest of 120 will be next or even a double bottom sometimes in 3Q2022 to create a divergence. Not trading advice
NASDAQ:ENPH
by xtremerider8