ENPHASE ENERGY INC (ENPH) Stock Technical Analysis
NASDAQ:ENPH - Nasdaq - US29355A1079 - Common Stock - Currency: USD
Taking everything into account, ENPH scores 0 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 negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ENPH is a bad performer in the overall market: 96% of all stocks are doing better.
ENPH is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 89% 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. The S&P500 Index is trading in the upper part of its 52 week range, so ENPH is lagging the market.
ENPH has an average volume of 6664290 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 37.59 - 54.43 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 a resistance zone just above the current price starting at 43.27. Right above this resistance zone may be a good entry point.
More info and screens
42.45
50.41
We found 1 important support area.
- Support @42.88 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 43.27 to 43.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @49.91 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 | DOWN | NEGATIVE | The short term trend for ENPH is down. |
| ChartMill Relative Strength | 4.29 | NEGATIVE | ENPH has a low relative strength, it was outperformed by 95.71% 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) | 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) | 46.94 | NEUTRAL | The RSI value for ENPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests ENPH has a positive trend. |
| Stochastics (14,3) | 32.51 | NEUTRAL | The Stochastics value for ENPH is a neutral value. |
| Average True Range in percent/ATR (20) | 6.89 | HIGH VOLATILITY | The high ATR as a percentage value for ENPH suggests high volalility. |
| Average Directional Index/ADX (14) | 14.97 | 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)
43.26
+2.08 (+5.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg5.05%
1 Week4.7%
2 Weeks9.13%
1 Month-14.8%
3 Month-25.58%
6 Month-41.41%
12 Month-65.28%
2 Year-74.17%
3 Year-77.84%
5 Year-9.06%
10 Year468.46%
15 YearN/A
Volatility
ATR(14)2.57
ATR(20)%6.89%
ATR Inc-21.73%
Range Today2.88
ADR(20)2.5
ADR(20)%5.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.29
Mansfield-4.7
10 Day High44.4
10 Day Low38.15
20 Day High54.43
20 Day Low37.59
52 Week High130.08
52 Week Low37.59
CS1 End42.88
CR1 Start43.27
Volume & EV
DER(3)1.29%
DER(5)2.15%
Volume6.76M
Volume Incr-28.36%
Vol(5)6.25M
Vol(50)6.66M