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Weaker Hold
Today ENPH ranks #1379 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$247.42 (-3.01%)

Volume: 1M

Closed: Nov 26, 2021

Hollow Logo Score: 0.809

Enphase Energy Stock Forecast

$247.42 (-3.01%)

Volume: 1M

Closed: Nov 26, 2021

Score Hollow Logo 0.809
Which way will ENPH go? Request
Stop-loss: $232.82 (-5.90%)
Key Stats
P/E Ratio 201.27
Beta 1.84
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 55 and the stock is currently not being overbought or oversold

Evaluation of Enphase Energy stock downgraded after the last trading session.
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-10-28 Gain 10.23%

The Enphase Energy stock price fell by -3.01% on the last day (Friday, 26th Nov 2021) from $255.10 to $247.42. During the day the stock fluctuated 6.31% from a day low at $243.62 to a day high of $259.00. The price has been going up and down for this period, and there has been a -1.23% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -68 thousand shares and in total, 1 million shares were bought and sold for approximately $364.37 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 69.85% during the next 3 months and, with a 90% probability hold a price between $361.68 and $466.95 at the end of this 3-month period.

Signals & Forecast

The Enphase Energy stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $255.89. On a fall, the stock will find some support from the long-term average at approximately $218.02. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, November 19, 2021, and so far it has fallen -7.59%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $231.63 and $224.46. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Enphase Energy finds support just below today's level at $231.63. If this is broken, then the next support from accumulated volume will be at $224.46 and $216.22.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $15.38 between high and low, or 6.31%. For the last week, the stock has had a daily average volatility of 6.94%.

Our recommended stop-loss: $232.82 (-5.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Is Enphase Energy stock A Buy?

Enphase Energy holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.809

Predicted Opening Price for Enphase Energy of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$250.01 $247.42 (Undervalued)
Hold/Accumulate Downgraded

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Analyst Ratings

On Nov 18, 2021 "BMO Capital Markets" gave "$220.00 - $284.00" rating for ENPH. The price target was set to $254.840.0%.

Volatility and Risk
Daily Average Volatility: 6.94 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.94 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $250.49
Price: $247.42
Support: $231.63

ENPH Insider Trading Show all Trades

INSIDER POWER

0.408

Last 100 transactions
Buy: 286 129 | Sell: 701 086 (Shares)
Date Action Amount Person Type
Nov 23, 2021 Sell 12 932 Gomo Steven J Non-qualified stock option (right to buy)
Nov 23, 2021 Buy 12 932 Gomo Steven J Common Stock
Nov 17, 2021 Buy 20 299 Ranhoff David A Common Stock
Nov 17, 2021 Sell 210 Ranhoff David A Common Stock
Nov 17, 2021 Sell 4 634 Ranhoff David A Common Stock
Show all Insider Trades
INSIDER POWER

0.408

Last 100 transactions
Buy: 286 129 | Sell: 701 086 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 265.39 7.26 %
259.52 4.89 %
255.89 3.42 %
Current price: 247.42
Support 244.14 -1.33 %
240.51 -2.79 %
234.63 -5.17 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 267.74 8.21 %
261.12 5.54 %
250.49 1.24 %
Current price 247.42
Support 231.63 -6.38%
224.46 -9.28%
216.22 -12.61%

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About Enphase Energy

Enphase Energy Enphase Energy, Inc., together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company’s semiconductor-based microinverter system converts direct current electricity to alternating current (AC) electricity at the individual solar module level. It also offers energy storage systems, including its AC battery; and system monitoring and con... Read more

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