Learn to Evaluate (ENPH) using the Charts
August 22, 2024, 02:52 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ENPH
- Buy ENPH slightly over 115.07 target 135.29 stop loss @ 114.74 Details
The technical summary data tells us to buy ENPH near 115.07 with an upside target of 135.29. This data also tells us to set a stop loss @ 114.74 to protect against excessive loss in case the stock begins to move against the trade. 115.07 is the first level of support below 119.31 , and by rule, any test of support is a buy signal. In this case, support 115.07 is being tested, a buy signal would exist.
- Short ENPH slightly under 135.29, target 115.07, stop loss @ 135.68 Details
The technical summary data is suggesting a short of ENPH as it gets near 135.29 with a downside target of 115.07. We should have a stop loss in place at 135.68though. 135.29 is the first level of resistance above 119.31, and by rule, any test of resistance is a short signal. In this case, if resistance 135.29 is being tested, a short signal would exist.
Swing Trading Plans for ENPH
- Buy ENPH slightly over 122.97, target 135.29, Stop Loss @ 122.61 Details
If 122.97 begins to break higher, the technical summary data tells us to buy ENPH just slightly over 122.97, with an upside target of 135.29. The data also tells us to set a stop loss @ 122.61 in case the stock turns against the trade. 122.97 is the first level of resistance above 119.31, and by rule, any break above resistance is a buy signal. In this case, 122.97, 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 122.97, target 118.63, Stop Loss @ 123.33. Details
The technical summary data is suggesting a short of ENPH if it tests 122.97 with a downside target of 118.63. We should have a stop loss in place at 123.33 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, 122.97, 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 120.67, target 122.97, Stop Loss @ 120.39 Details
If 120.67 begins to break higher, the technical summary data tells us to buy ENPH just slightly over 120.67, with an upside target of 122.97. The data also tells us to set a stop loss @ 120.39 in case the stock turns against the trade. 120.67 is the first level of resistance above 119.31, and by rule, any break above resistance is a buy signal. In this case, 120.67, 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 120.67, target 118.63, Stop Loss @ 120.95. Details
The technical summary data is suggesting a short of ENPH if it tests 120.67 with a downside target of 118.63. We should have a stop loss in place at 120.95 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, 120.67, 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 August 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
94.91 |
| P2 |
117.5 |
118.63 |
115.07 |
| P3 |
120.67 |
122.97 |
135.29 |
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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