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ENPHASE ENERGY INC.
ENPHASE ENERGY INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ENPH
ISIN:

ENPHASE ENERGY INC. - Weekly - Technical analysis published on 03/17/2023 (GMT)

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  • Timeframe : Weekly
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 188.85 USD
My targets
167.18 USD (-8.80%)
138.10 USD (-24.66%)
My analysis
The strong short-term decline of ENPHASE ENERGY INC. reinforces the current slightly bearish trend. As long as the price remains below 188.85 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 167.18 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 138.10 USD as an objective. Crossing it would then enable sellers to target 119.97 USD. A return to above 188.85 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Djipé26
This analysis was given by Djipé26. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The ENPHASE ENERGY INC. rating is 183.30 USD. Over 5 days, this instrument lost -12.81% with the lowest point at 181.55 USD and the highest point at 221.49 USD. The deviation from the price is +0.96% for the low point and -17.24% for the high point.

181.55
221.49
183.30

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of ENPHASE ENERGY INC. in Weekly shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Weekly



The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Weekly



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Black evening star

Type : Bearish

Timeframe : Weekly




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 17.45 66.64 119.97 183.30 213.76 267.74 303.25
Change (%) -90.48% -63.64% -34.55% - +16.62% +46.07% +65.44%
Change -165.85 -116.66 -63.33 - +30.46 +84.44 +119.95
Level Intermediate Minor Major - Intermediate Major Minor



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
Standard190.43194.35197.73201.65205.03208.95212.33
Camarilla199.09199.76200.43201.10201.77202.44203.11
Woodie190.15194.22197.45201.52204.75208.82212.05
Fibonacci194.35197.14198.87201.65204.44206.17208.95


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard178.79193.17201.69216.07224.59238.97247.49
Camarilla203.92206.02208.12210.22212.32214.42216.52
Woodie175.87191.71198.77214.61221.67237.51244.57
Fibonacci193.17201.91207.32216.07224.81230.22238.97


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard138.10167.18188.85217.93239.60268.68290.35
Camarilla196.57201.23205.88210.53215.18219.83224.49
Woodie134.41165.33185.16216.08235.91266.83286.66
Fibonacci167.18186.56198.54217.93237.31249.29268.68

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): 36.61
MACD (12,26,9): -17.0300
Directional Movement: -5.58
AROON (14): -100.00
DEMA (21): 218.31
Parabolic SAR (0,02-0,02-0,2): 247.29
Elder Ray (13): -22.39
Super Trend (3,10): 296.12
Zig ZAG (10): 182.69
VORTEX (21): 0.9200
Stochastique (14,3,5): 8.24
TEMA (21): 193.18
Williams %R (14): -99.81
Chande Momentum Oscillator (20): -112.08
Repulse (5,40,3): -31.1500
ROCnROLL: 2
TRIX (15,9): -0.4100
Courbe Coppock: 63.19
MA7: 205.88
MA20: 209.29
MA50: 218.24
MA100: 259.16
MAexp7: 208.38
MAexp20: 234.73
MAexp50: 234.50
MAexp100: 206.71
Price / MA7: -10.97%
Price / MA20: -12.42%
Price / MA50: -16.01%
Price / MA100: -29.27%
Price / MAexp7: -12.04%
Price / MAexp20: -21.91%
Price / MAexp50: -21.83%
Price / MAexp100: -11.33%

Quotes : - 15 min delayed data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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