ENPHASE ENERGY INC. - Daily - Technical analysis published on 11/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 21.71 USD
My targets
17.95 USD (-0.94%)
14.26 USD (-21.30%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ENPHASE ENERGY INC. as long as the price remains well below 21.71 USD. The sellers” bearish objective is set at 17.95 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14.26 USD. In case of crossing, the next objective would be the support located at 7.48 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENPHASE ENERGY INC. price is 18.12 USD. The price registered a decrease of -5.58% on the session and was between 18.02 USD and 19.58 USD. This implies that the price is at +0.55% from its lowest and at -7.46% from its highest.18.02
19.58
18.12
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ENPHASE ENERGY INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ENPHASE ENERGY INC. chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.48 | 14.26 | 17.95 | 18.12 | 21.71 | 25.89 | 29.89 |
| Change (%) | -58.72% | -21.30% | -0.94% | - | +19.81% | +42.88% | +64.96% |
| Change | -10.64 | -3.86 | -0.17 | - | +3.59 | +7.77 | +11.77 |
| Level | Major | Minor | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.33 | 17.77 | 18.48 | 18.92 | 19.63 | 20.07 | 20.78 |
| Camarilla | 18.87 | 18.98 | 19.09 | 19.19 | 19.30 | 19.40 | 19.51 |
| Woodie | 17.47 | 17.84 | 18.62 | 18.99 | 19.77 | 20.14 | 20.91 |
| Fibonacci | 17.77 | 18.21 | 18.48 | 18.92 | 19.36 | 19.63 | 20.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.77 | 17.43 | 18.37 | 19.03 | 19.97 | 20.63 | 21.58 |
| Camarilla | 18.88 | 19.03 | 19.17 | 19.32 | 19.47 | 19.61 | 19.76 |
| Woodie | 16.92 | 17.50 | 18.52 | 19.10 | 20.12 | 20.70 | 21.72 |
| Fibonacci | 17.43 | 18.04 | 18.41 | 19.03 | 19.64 | 20.02 | 20.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.12 | 12.86 | 16.14 | 21.88 | 25.16 | 30.90 | 34.18 |
| Camarilla | 16.95 | 17.78 | 18.60 | 19.43 | 20.26 | 21.08 | 21.91 |
| Woodie | 5.90 | 12.25 | 14.92 | 21.27 | 23.94 | 30.29 | 32.96 |
| Fibonacci | 12.86 | 16.30 | 18.43 | 21.88 | 25.32 | 27.45 | 30.90 |
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): | 37.07 | |
| MACD (12,26,9): | -1.3000 | |
| Directional Movement: | -3.26 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 18.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.35 | |
| Elder Ray (13): | -0.43 | |
| Super Trend (3,10): | 22.99 | |
| Zig ZAG (10): | 18.12 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 44.76 | |
| TEMA (21): | 17.88 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.17 | |
| Repulse (5,40,3): | -7.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9200 | |
| Courbe Coppock: | 21.84 |
| MA7: | 18.90 | |
| MA20: | 19.88 | |
| MA50: | 22.43 | |
| MA100: | 24.26 | |
| MAexp7: | 18.79 | |
| MAexp20: | 19.89 | |
| MAexp50: | 21.87 | |
| MAexp100: | 21.82 | |
| Price / MA7: | -4.13% | |
| Price / MA20: | -8.85% | |
| Price / MA50: | -19.22% | |
| Price / MA100: | -25.31% | |
| Price / MAexp7: | -3.57% | |
| Price / MAexp20: | -8.90% | |
| Price / MAexp50: | -17.15% | |
| Price / MAexp100: | -16.96% |
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:
-
Enphase Energy, Inc. - ENPH Stock Chart Technical Analysis for 10-30-2019
-
Enphase Energy, Inc. - ENPH Stock Chart Technical Analysis for 05-01-2019
- Panasonic Solar and Enphase Energy Announce Availability Date of High-Efficiency AC Modules
-
Enphase Energy, Inc. - ENPH Stock Chart Technical Analysis for 09-18-18
- Prescience Point Capital Management Issues a Negative Update on Enphase Energy, Inc. (NASDAQ: ENPH)
This member declared not having a position on this financial instrument or a related financial instrument.
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