ENPHASE ENERGY INC (ENPH) Stock Technical Analysis
NASDAQ:ENPH - Nasdaq - US29355A1079 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to ENPH. ENPH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
97% of all other stocks performed better in the past year than ENPH.
ENPH is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 94% of 110 stocks in the same industry do better.
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.
ENPH has an average volume of 8828480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ENPH has a been trading in the 33.01 - 46.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ENPH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
41.44
50.77
We can see 3 important resistance areas.
- Resistance @43.87 from a trend line in the daily time frame.
- A resistance zone ranging from 45.24 to 45.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @50.27 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 | NEUTRAL | NEUTRAL | The short term trend for ENPH is neutral. |
| ChartMill Relative Strength | 3.53 | NEGATIVE | ENPH has a low relative strength, it was outperformed by 96.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ENPH is above a declining 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) | 50.05 | NEUTRAL | The RSI value for ENPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests ENPH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.04 | OVERBOUGHT | The high Stochastics value suggests ENPH may be overbought. |
| Average True Range in percent/ATR (20) | 7.62 | HIGH VOLATILITY | The high ATR as a percentage value for ENPH suggests high volalility. |
| Average Directional Index/ADX (14) | 10.47 | NEGATIVE | The low ADX value for ENPH suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
41.855
-1.12 (-2.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.59%
1 Week-1.68%
2 Weeks-2.66%
1 Month-7.56%
3 Month-19.34%
6 Month-37.29%
12 Month-64.93%
2 Year-72.43%
3 Year-85.27%
5 Year-30.66%
10 Year608.21%
15 YearN/A
Volatility
ATR(14)2.87
ATR(20)%7.62%
ATR Inc-47.35%
Range Today1.79
ADR(20)2.53
ADR(20)%6.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.53
Mansfield-4.7
10 Day High43.89
10 Day Low38.36
20 Day High46.94
20 Day Low33.01
52 Week High130.08
52 Week Low33.01
CS1 EndN/A
CR1 Start43.87
Volume & EV
DER(3)2.18%
DER(5)2.24%
Volume4.97M
Volume Incr-30.27%
Vol(5)7.16M
Vol(50)8.83M