When the Price of Enphase Energy $ENPH Talks, People Listen

October 21, 2023, 20:45 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ENPH

• Buy ENPH slightly over 85.62 target 110.85 stop loss @ 85.37 Details

The technical summary data tells us to buy ENPH near 85.62 with an upside target of 110.85. This data also tells us to set a stop loss @ 85.37 to protect against excessive loss in case the stock begins to move against the trade. 85.62 is the first level of support below 98.89 , and by rule, any test of support is a buy signal. In this case, support 85.62 would be being tested, so a buy signal would exist.

• Short ENPH slightly under 110.85, target 85.62, stop loss @ 111.17 Details

The technical summary data is suggesting a short of ENPH as it gets near 110.85 with a downside target of 85.62. We should have a stop loss in place at 111.17though. 110.85 is the first level of resistance above 98.89, and by rule, any test of resistance is a short signal. In this case, if resistance 110.85 is being tested, so a short signal would exist.

Swing Trading Plans for ENPH

• Buy ENPH slightly over 109.98, target 110.85, Stop Loss @ 109.66 Details

If 109.98 begins to break higher, the technical summary data tells us to buy ENPH just slightly over 109.98, with an upside target of 110.85. The data also tells us to set a stop loss @ 109.66 in case the stock turns against the trade. 109.98 is the first level of resistance above 98.89, and by rule, any break above resistance is a buy signal. In this case, 109.98, 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 109.98, target 85.62, Stop Loss @ 110.3. Details

The technical summary data is suggesting a short of ENPH if it tests 109.98 with a downside target of 85.62. We should have a stop loss in place at 110.3 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, 109.98, 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 99.06, target 109.98, Stop Loss @ 98.83 Details

If 99.06 begins to break higher, the technical summary data tells us to buy ENPH just slightly over 99.06, with an upside target of 109.98. The data also tells us to set a stop loss @ 98.83 in case the stock turns against the trade. 99.06 is the first level of resistance above 98.89, and by rule, any break above resistance is a buy signal. In this case, 99.06, 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 99.06, target 85.62, Stop Loss @ 99.29. Details

The technical summary data is suggesting a short of ENPH if it tests 99.06 with a downside target of 85.62. We should have a stop loss in place at 99.29 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, 99.06, 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 (ENPH) available here: ENPH.

ENPH Ratings for October 21:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	85.62
P2	99.06	109.98	110.85
P3	113.69	127.85	137.88

AI Generated Signals for ENPH

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Enphase Energy (NASDAQ: ENPH) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ENPH can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.