ENPHASE ENERGY INC. - 1H - Technical analysis published on 08/02/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 290.47 USD
My targets
311.95 USD (+5.25%)
322.71 USD (+8.88%)
My analysis
ENPHASE ENERGY INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 290.47 USD. The next resistance located at 311.95 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 322.71 USD. After this resistance, buyers could then target 339.71 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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Additional analysis
Quotes
ENPHASE ENERGY INC. rating 296.40 USD. The price registered an increase of +5.52% on the session and was traded between 273.30 USD and 296.78 USD over the period. The price is currently at +8.45% from its lowest and -0.13% from its highest.273.30
296.78
296.40
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on ENPHASE ENERGY INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of ENPHASE ENERGY INC. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 267.74 | 277.32 | 290.47 | 296.40 |
| Change (%) | -9.67% | -6.44% | -2.00% | - |
| Change | -28.66 | -19.08 | -5.93 | - |
| Level | Major | Minor | Intermediate | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 262.17 | 269.74 | 275.32 | 282.89 | 288.47 | 296.04 | 301.62 |
| Camarilla | 277.27 | 278.48 | 279.69 | 280.89 | 282.10 | 283.30 | 284.51 |
| Woodie | 261.17 | 269.24 | 274.32 | 282.39 | 287.47 | 295.54 | 300.62 |
| Fibonacci | 269.74 | 274.77 | 277.87 | 282.89 | 287.92 | 291.02 | 296.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 151.75 | 179.51 | 231.85 | 259.61 | 311.95 | 339.71 | 392.05 |
| Camarilla | 262.15 | 269.50 | 276.84 | 284.18 | 291.52 | 298.87 | 306.21 |
| Woodie | 164.03 | 185.66 | 244.13 | 265.76 | 324.23 | 345.86 | 404.33 |
| Fibonacci | 179.51 | 210.11 | 229.02 | 259.61 | 290.21 | 309.12 | 339.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.95 | 136.47 | 210.33 | 248.85 | 322.71 | 361.23 | 435.09 |
| Camarilla | 253.28 | 263.58 | 273.88 | 284.18 | 294.48 | 304.78 | 315.09 |
| Woodie | 115.61 | 145.31 | 227.99 | 257.69 | 340.37 | 370.07 | 452.75 |
| Fibonacci | 136.47 | 179.40 | 205.92 | 248.85 | 291.78 | 318.30 | 361.23 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.87 | |
| MACD (12,26,9): | 10.2500 | |
| Directional Movement: | 12.38 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 295.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 274.20 | |
| Elder Ray (13): | 9.48 | |
| Super Trend (3,10): | 274.34 | |
| Zig ZAG (10): | 295.95 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 95.60 | |
| TEMA (21): | 294.90 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 10.60 | |
| Repulse (5,40,3): | 4.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6300 | |
| Courbe Coppock: | 7.45 |
| MA7: | 260.70 | |
| MA20: | 224.63 | |
| MA50: | 203.27 | |
| MA100: | 190.57 | |
| MAexp7: | 289.97 | |
| MAexp20: | 281.20 | |
| MAexp50: | 260.43 | |
| MAexp100: | 240.19 | |
| Price / MA7: | +13.69% | |
| Price / MA20: | +31.95% | |
| Price / MA50: | +45.82% | |
| Price / MA100: | +55.53% | |
| Price / MAexp7: | +2.22% | |
| Price / MAexp20: | +5.41% | |
| Price / MAexp50: | +13.81% | |
| Price / MAexp100: | +23.40% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on ENPHASE ENERGY INC. at the time of the analysis were as follows:
- Thinking about trading options or stock in Target, Boeing, Global Payments, Apple, or Enphase Energy?
- Thinking about buying stock in Teva Pharmaceutical, Geovax Labs, VNET Group, Stronghold Digital Mining, or Enphase Energy?
- Thinking about trading options or stock in Daqo New Energy, Taiwan Semiconductor, Seagen, Enphase Energy, or Qualcomm?
- Thinking about trading options or stock in Enphase Energy, ON Semiconductor, Alibaba, JinkoSolar, or Apple?
- Thinking about trading options or stock in Enphase Energy, Ryder System, Mastercard, Solaredge Technologies, or Humana?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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