RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ENPH
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Enphase stock price ended at $120.98 on Thursday, after gaining 0.98%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 27, 2024 Gain 0.98% PDF

The Enphase stock price gained 0.98% on the last trading day (Thursday, 28th Mar 2024), rising from $119.80 to $120.98. During the last trading day the stock fluctuated 4.19% from a day low at $119.40 to a day high of $124.40. The price has been going up and down for this period, and there has been a 9.57% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately $358.27 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and weak 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 4.45% during the next 3 months and, with a 90% probability hold a price between $105.91 and $145.40 at the end of this 3-month period.

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ENPH Signals & Forecast

There are mixed signals in the stock today. The Enphase stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $121.41. On a fall, the stock will find some support from the short-term average at $114.98. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 12.30%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Enphase stock

Enphase finds support from accumulated volume at $117.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $5.00 between high and low, or 4.19%. For the last week, the stock has had daily average volatility of 4.76%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ENPH) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Enphase Energy to open at $121.59, and during the day (based on 14 day Average True Range), to move between $114.75 and $127.21, which gives a possible trading interval of +/-$6.23 (+/-5.15%) up or down from last closing price. If Enphase Energy takes out the full calculated possible swing range there will be an estimated 10.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $122.63 (1.36%) than the support at $117.51 (2.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Enphase Energy stock A Buy?

Enphase holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.859 Sell Candidate Unchanged

Predicted Opening Price for Enphase Energy of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$121.59 ( 0.506%) $120.98

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

Trading levels for ENPH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 126.60 4.64 %
R2 124.68 3.06 %
R1 123.50 2.09 %
Current price: 120.98
Support S1 119.68 -1.07 %
S2 118.50 -2.05 %
S3 116.59 -3.63 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 128.90 6.55 %
R2 123.56 2.13 %
R1 122.63 1.36 %
Current price 120.98
Support S1 117.51 -2.87%
S2 116.88 -3.39%
S3 97.80 -19.16%

FAQ

What is the symbol for Enphase Stock and on which exchange is it traded?
The symbol for Enphase is ENPH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Enphase Stock?
Enphase holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Enphase Stock?
Enphase Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Enphase Stock.

What's the current price of Enphase Stock?
As of the end of day on the 2024-03-28, the price of an Enphase (ENPH) share was $120.98.

What is the 52-week high and low for Enphase Stock?
The 52-week high for Enphase Stock is $231.42 and the 52-week low is $73.49.

What is the market capitalization of Enphase Stock?
As of the 2024-03-28, the market capitalization of Enphase is 16.264B.

When is the next earnings date for Enphase?
The upcoming earnings date for Enphase is Apr 23, 2024.
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About Enphase Energy

Enphase Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC... ENPH Profile

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