Learn to Evaluate (ENPH) using the Charts
September 01, 2024, 20:46 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ENPH
- Buy ENPH slightly over 116.46 target 136.49 stop loss @ 116.12 Details
The technical summary data tells us to buy ENPH near 116.46 with an upside target of 136.49. This data also tells us to set a stop loss @ 116.12 to protect against excessive loss in case the stock begins to move against the trade. 116.46 is the first level of support below 121.04 , and by rule, any test of support is a buy signal. In this case, support 116.46 is being tested, a buy signal would exist.
- Short ENPH slightly under 136.49, target 116.46, stop loss @ 136.88 Details
The technical summary data is suggesting a short of ENPH as it gets near 136.49 with a downside target of 116.46. We should have a stop loss in place at 136.88though. 136.49 is the first level of resistance above 121.04, and by rule, any test of resistance is a short signal. In this case, if resistance 136.49 is being tested, a short signal would exist.
Swing Trading Plans for ENPH
- Buy ENPH slightly over 126.51, target 136.49, Stop Loss @ 126.14 Details
If 126.51 begins to break higher, the technical summary data tells us to buy ENPH just slightly over 126.51, with an upside target of 136.49. The data also tells us to set a stop loss @ 126.14 in case the stock turns against the trade. 126.51 is the first level of resistance above 121.04, and by rule, any break above resistance is a buy signal. In this case, 126.51, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ENPH slightly near 126.51, target 120.52, Stop Loss @ 126.88. Details
The technical summary data is suggesting a short of ENPH if it tests 126.51 with a downside target of 120.52. We should have a stop loss in place at 126.88 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 126.51, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ENPH
- Buy ENPH slightly over 122.54, target 126.51, Stop Loss @ 122.25 Details
If 122.54 begins to break higher, the technical summary data tells us to buy ENPH just slightly over 122.54, with an upside target of 126.51. The data also tells us to set a stop loss @ 122.25 in case the stock turns against the trade. 122.54 is the first level of resistance above 121.04, and by rule, any break above resistance is a buy signal. In this case, 122.54, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ENPH slightly near 122.54, target 120.52, Stop Loss @ 122.83. Details
The technical summary data is suggesting a short of ENPH if it tests 122.54 with a downside target of 120.52. We should have a stop loss in place at 122.83 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 122.54, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Enphase Energy Inc. (ENPH) available here: ENPH.
ENPH Ratings for September 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Neutral |
| P1 |
0 |
0 |
96.6 |
| P2 |
118.57 |
120.52 |
116.46 |
| P3 |
122.54 |
126.51 |
136.49 |
AI Generated Signals for ENPH
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Enphase Energy Inc. (NASDAQ: ENPH) report below can help you understand how to do this. The trading plans for ENPH, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ENPH:
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