We assign a technical rating of 2 out of 10 to ENPH. In the past year, ENPH was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
ENPH has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
31.06
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 32.06 to 32.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.02 from a horizontal line in the daily time frame.
- Resistance @33.91 from a trend line in the daily time frame.
- Resistance @35.72 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ENPH is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENPH is up. |
| ChartMill Relative Strength | 8.04 | NEGATIVE | ENPH has a low relative strength, it was outperformed by 91.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENPH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ENPH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENPH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.97 | NEUTRAL | The RSI value for ENPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests ENPH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.49 | OVERBOUGHT | The high Stochastics value suggests ENPH may be overbought. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for ENPH suggests some volalility. |
| Average Directional Index/ADX (14) | 21.82 | NEUTRAL | The ADX value for ENPH suggests a possible start of a new trend. |
31.37
-0.81 (-2.52%)
ENPHASE ENERGY INC / ENPH FAQ
What is the ChartMill technical rating of ENPHASE ENERGY INC (ENPH) stock?
ChartMill assigns a technical rating of 2 / 10 to ENPH.
Can you provide the trend direction for ENPHASE ENERGY INC?
The current trend direction for ENPHASE ENERGY INC (ENPH) is Bearish.
What is the RSI signal for ENPH stock?
ENPHASE ENERGY INC (ENPH) has an RSI value of 52.9742. This indicates that the stock is currently neutral.
What is the short term momentum for ENPH stock?
The short term momentum for ENPHASE ENERGY INC (ENPH) is positive.
Can you provide the buy/sell signal for ENPHASE ENERGY INC?
The buy/sell signal for ENPHASE ENERGY INC (ENPH) is hold as the short term and long term trends are mixed.