Trading (ENPH) With Integrated Risk Controls
September 28, 2024, 04:26 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ENPH
- Buy ENPH near 99.58 target 117.72 stop loss @ 99.29 Details
The technical summary data tells us to buy ENPH near 99.58 with an upside target of 117.72. This data also tells us to set a stop loss @ 99.29 to protect against excessive loss in case the stock begins to move against the trade. 99.58 is the first level of support below 115 , and by rule, any test of support is a buy signal. In this case, support 99.58 would be being tested, so a buy signal would exist.
- Short ENPH slightly under 117.72, target 99.58, stop loss @ 118.06 Details
The technical summary data is suggesting a short of ENPH as it gets near 117.72 with a downside target of 99.58. We should have a stop loss in place at 118.06though. 117.72 is the first level of resistance above 115, and by rule, any test of resistance is a short signal. In this case, if resistance 117.72 is being tested, so a short signal would exist.
Swing Trading Plans for ENPH
- Buy ENPH slightly over 117.72, target 121.79, Stop Loss @ 117.38 Details
If 117.72 begins to break higher, the technical summary data tells us to buy ENPH just slightly over 117.72, with an upside target of 121.79. The data also tells us to set a stop loss @ 117.38 in case the stock turns against the trade. 117.72 is the first level of resistance above 115, and by rule, any break above resistance is a buy signal. In this case, 117.72, 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 117.72, target 113.24, Stop Loss @ 118.06. Details
The technical summary data is suggesting a short of ENPH if it tests 117.72 with a downside target of 113.24. We should have a stop loss in place at 118.06 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, 117.72, 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 115.17, target 117.72, Stop Loss @ 114.9 Details
If 115.17 begins to break higher, the technical summary data tells us to buy ENPH just slightly over 115.17, with an upside target of 117.72. The data also tells us to set a stop loss @ 114.9 in case the stock turns against the trade. 115.17 is the first level of resistance above 115, and by rule, any break above resistance is a buy signal. In this case, 115.17, 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 115.17, target 113.24, Stop Loss @ 115.44. Details
The technical summary data is suggesting a short of ENPH if it tests 115.17 with a downside target of 113.24. We should have a stop loss in place at 115.44 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, 115.17, 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 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
99.58 |
| P2 |
112.28 |
113.24 |
117.72 |
| P3 |
115.17 |
121.79 |
136.66 |
AI Generated Signals for ENPH
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ENPH:
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