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ENPHASE ENERDRNENPHASE ENERDRNENPHASE ENERDRN

ENPHASE ENERDRN

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E2NP34 trade ideas

ENPH UpdateLooks to be breaking daily RSI support line dating back to January. Weekly coming down relatively hard as well, but still above the 50 on RSI. MACD extremely high on weekly, but already rolled over on daily extensively. Will most likely fill the bearish divergence and continue to roll over with the rest of the market in the coming weeks. Caution would be that the weekly is bullish at the moment and could put in future bearish divergence by going higher on price without taking out RSI previous high, but we will see how long that lasts.
NASDAQ:ENPHShort
by AlexColeUSA
1
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