When the Price of (ENPH) Talks, People Listen
February 28, 2024, 17:52 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ENPH
- Buy ENPH slightly over 117.53 target n/a stop loss @ 117.19. Details
The technical summary data tells us to buy ENPH near 117.53, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 117.19 to protect against excessive loss in case the stock begins to move against the trade. 117.53 is the first level of support below 118.65, and by rule, any test of support is a buy signal. In this case, if support 117.53 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for ENPH
- Buy ENPH slightly over 127.24, target n/a, Stop Loss @ 126.87 Details
If 127.24 begins to break higher, the technical summary data tells us to buy ENPH just slightly over 127.24, with an upside target of n/a. The data also tells us to set a stop loss @ 126.87 in case the stock turns against the trade. 127.24 is the first level of resistance above 118.65, and by rule, any break above resistance is a buy signal. In this case, 127.24, 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 127.24, target 117.53, Stop Loss @ 127.61. Details
The technical summary data is suggesting a short of ENPH if it tests 127.24 with a downside target of 117.53. We should have a stop loss in place at 127.61 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, 127.24, 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 120.91, target 127.24, Stop Loss @ 120.63 Details
If 120.91 begins to break higher, the technical summary data tells us to buy ENPH just slightly over 120.91, with an upside target of 127.24. The data also tells us to set a stop loss @ 120.63 in case the stock turns against the trade. 120.91 is the first level of resistance above 118.65, and by rule, any break above resistance is a buy signal. In this case, 120.91, 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 120.91, target 117.53, Stop Loss @ 121.19. Details
The technical summary data is suggesting a short of ENPH if it tests 120.91 with a downside target of 117.53. We should have a stop loss in place at 121.19 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, 120.91, 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 February 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
65.77 |
| P2 |
117.08 |
116.56 |
90.59 |
| P3 |
120.91 |
127.24 |
117.53 |
AI Generated Signals for ENPH
Blue = Current Price
Red= Resistance
Green = Support
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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 Inc. (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.
Fundamental Charts for ENPH:
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