ENPHASE ENERGY INC (ENPH) Stock Technical Analysis
USA - NASDAQ:ENPH - US29355A1079 - Common Stock
38.42 USD
-0.02 (-0.05%)
38.71 USD
+0.29 (+0.75%)
Taking everything into account, ENPH scores 2 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, ENPH is a bad performer in the overall market: 94% of all stocks are doing better.
ENPH is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 94% 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 34.80 - 40.86 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ENPH has an average volume of 8873250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, ENPH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 39.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.37, a Stop Loss order could be placed below this zone.
More info and screens
36.10
41.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 37.62 to 38.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.46 to 36.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 39.66 to 39.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.44 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 | 6.76 | NEGATIVE | ENPH has a low relative strength, it was outperformed by 93.24% 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 | MIXED | The current price of ENPH is above 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) | 55.34 | NEUTRAL | The RSI value for ENPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ENPH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.97 | NEUTRAL | The Stochastics value for ENPH is a neutral value. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for ENPH suggests some volalility. |
| Average Directional Index/ADX (14) | 14.48 | 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)
38.42
-0.02 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.05%
1 Week2.1%
2 Weeks-3.1%
1 Month11.1%
3 Month7.17%
6 Month-37.57%
12 Month-66.56%
2 Year-68.02%
3 Year-86.15%
5 Year-53.48%
10 Year938.38%
15 YearN/A
Volatility
ATR(14)1.96
ATR(20)%4.93%
ATR Inc-3.18%
Range Today1.5
ADR(20)1.82
ADR(20)%4.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.76
Mansfield-4.09
10 Day High40.86
10 Day Low36.87
20 Day High40.86
20 Day Low34.8
52 Week High118.13
52 Week Low29.89
CS1 End38.37
CR1 Start39.66
Volume & EV
DER(3)-1.39%
DER(5)-0.77%
Volume41.41M
Volume Incr88.01%
Vol(5)14.38M
Vol(50)8.87M