ENPH Technical Analysis - ENPHASE ENERGY INC

Technical Rating and Analysis

Taking everything into account, ENPH scores 1 out of 10 in our technical rating. ENPH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

96% of all other stocks performed better in the past year than ENPH.

ENPH is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 91% are performing better than ENPH.

ENPH is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month ENPH has a been trading in the 33.57 - 41.28 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

ENPH has an average volume of 8081330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

ENPHASE ENERGY INC / ENPH Weekly stock chart

ENPHASE ENERGY INC / ENPH Daily stock chart

Setup Rating and Analysis

The technical rating of ENPH is bad and it also does not present a quality setup 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

33.93

39.33

We can see 2 important resistance areas.

A resistance zone ranging from 36.21 to 37.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @38.94 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for ENPH is neutral.
ChartMill Relative Strength	4.33	NEGATIVE	ENPH has a low relative strength, it was outperformed by 95.67% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ENPH is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ENPH is below the rising 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)	39.34	NEUTRAL	The RSI value for ENPH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.28	NEGATIVE	The MACD value suggests ENPH has a negative trend.
Stochastics (14,3)	17.07	OVERSOLD	The low Stochastics value suggests ENPH may be oversold.
Average True Range in percent/ATR (20)	5.73	HIGH VOLATILITY	The high ATR as a percentage value for ENPH suggests high volalility.
Average Directional Index/ADX (14)	10.99	NEGATIVE	The low ADX value for ENPH suggests a weak or negative trend.