ENPHASE ENERGY INC. - Daily - Technical analysis published on 07/11/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 52.76 USD
My targets
59.09 USD (+6.60%)
67.04 USD (+20.95%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ENPHASE ENERGY INC. as long as the price remains well above 52.76 USD. The buyers” bullish objective is set at 59.09 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 67.04 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENPHASE ENERGY INC. rating is 55.43 USD. The price is lower by -0.66% since the last closing and was between 54.10 USD and 55.71 USD. This implies that the price is at +2.46% from its lowest and at -0.50% from its highest.54.10
55.71
55.43
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ENPHASE ENERGY INC. in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 34.83 | 45.30 | 52.76 | 55.43 | 59.09 | 67.04 |
| Change (%) | -37.16% | -18.28% | -4.82% | - | +6.60% | +20.95% |
| Change | -20.60 | -10.13 | -2.67 | - | +3.66 | +11.61 |
| Level | Major | Major | Intermediate | - | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.92 | 51.37 | 53.59 | 55.04 | 57.26 | 58.71 | 60.93 |
| Camarilla | 54.79 | 55.13 | 55.46 | 55.80 | 56.14 | 56.47 | 56.81 |
| Woodie | 50.30 | 51.56 | 53.97 | 55.23 | 57.64 | 58.90 | 61.31 |
| Fibonacci | 51.37 | 52.78 | 53.64 | 55.04 | 56.45 | 57.31 | 58.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.20 | 42.21 | 45.53 | 48.54 | 51.86 | 54.87 | 58.19 |
| Camarilla | 47.12 | 47.70 | 48.28 | 48.86 | 49.44 | 50.02 | 50.60 |
| Woodie | 39.37 | 42.29 | 45.70 | 48.62 | 52.03 | 54.95 | 58.36 |
| Fibonacci | 42.21 | 44.63 | 46.12 | 48.54 | 50.96 | 52.45 | 54.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.95 | 25.88 | 36.73 | 48.66 | 59.50 | 71.43 | 82.27 |
| Camarilla | 41.31 | 43.40 | 45.48 | 47.57 | 49.66 | 51.75 | 53.83 |
| Woodie | 13.41 | 25.61 | 36.18 | 48.38 | 58.96 | 71.16 | 81.73 |
| Fibonacci | 25.88 | 34.58 | 39.96 | 48.66 | 57.36 | 62.73 | 71.43 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.47 | |
| MACD (12,26,9): | 0.7700 | |
| Directional Movement: | 7.89 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 51.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 38.89 | |
| Elder Ray (13): | 3.83 | |
| Super Trend (3,10): | 58.10 | |
| Zig ZAG (10): | 55.43 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 94.68 | |
| TEMA (21): | 51.82 | |
| Williams %R (14): | -8.18 | |
| Chande Momentum Oscillator (20): | 9.94 | |
| Repulse (5,40,3): | 8.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 25.37 |
| MA7: | 52.13 | |
| MA20: | 48.60 | |
| MA50: | 52.53 | |
| MA100: | 46.35 | |
| MAexp7: | 52.67 | |
| MAexp20: | 50.58 | |
| MAexp50: | 49.47 | |
| MAexp100: | 45.76 | |
| Price / MA7: | +6.33% | |
| Price / MA20: | +14.05% | |
| Price / MA50: | +5.52% | |
| Price / MA100: | +19.59% | |
| Price / MAexp7: | +5.24% | |
| Price / MAexp20: | +9.59% | |
| Price / MAexp50: | +12.05% | |
| Price / MAexp100: | +21.13% |
Quotes :
2020-07-10 19:59:59
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on ENPHASE ENERGY INC.. At the time of publication of this analysis, the latest news was as follows:
- Kessler Topaz Meltzer & Check, LLP: Securities Fraud Class Action Filed Against Enphase Energy, Inc. - ENPH
- Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Enphase Energy, Inc.
- Kessler Topaz Meltzer & Check, LLP Announces Investor Securities Fraud Class Action Lawsuit Filed Against Enphase Energy, Inc.
- ROSEN, NATIONAL TRIAL LAWYERS, Announces Filing of Securities Class Action Lawsuit Against Enphase Energy, Inc.; Encourages Investors with Losses in Excess of $100K to Contact the Firm - ENPH
- Kessler Topaz Meltzer & Check, LLP Announces A Securities Fraud Class Action Filed Against Enphase Energy, Inc.
This member declared not having a position on this financial instrument or a related financial instrument.
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