Enphase breakout from Ascending triangle to upsideEnphase has been building this ascending pattern for a while now and waiting to see if it breaks above it. 1st target is 155. It has been holding the hypotonus line and was up by 5% approx today keeping the chart pattern intact.Longby armaandhir222
ENPH downward trend may be breakingThere's a fair amount of risk, but I am willing to give a long a try. I like ENPH as a leader in solar technology, and I believe that there are years of growth ahead for that industry. After several years of consistently negative ROIC, things started to turn around for the company in 2019. Management telegraphed a difficult environment for 2024. So, I fully expect some turbulence ahead, but the stock is still down by almost 2/3 from its ATH. If the company can maintain the profitability of the last few years going forward, then the current price is a great deal.Longby matthias550
Enphase - Wave AnalysisHi All, I’ve been looking at this chart for weeks and I can’t help but post a contrarian idea that NASDAQ:ENPH may actually be going down, at least from a wave perspective. Now I could be completely wrong and the MACDs point mildly upward (and maybe we are in a wave 3 up which could launch Enph if it ever passed $140 thus invalidating this idea) but from a different wave perspective I can’t help but shake we are going down. Let’s assume I’m right for a moment which I would take with a grain of salt, but it is conceivable we just completed or near completed a wave 2 at the 0.382 around $130.50 and then we got a small push downward on Friday, I’m considering if we are starting a wave 3 downwards soon if not already. And I’ve watched the corrective motion from late feb from $119ish to now $130ish and it had likely completed a 5 wave motion as seen in many mini C waves of a wave 2. I’ve also highlighted 3 gaps in the chart which I don’t like and they should be filled in an optimal sense at some point in time. The waves listed would fill at least 2 or 3 of the gaps. It’s hard for me to make a post like this, when sentiment is opposite, but either way we’ll know in a few days likely. GLTAby tealeafbudUpdated 333
Enphase LongEnphase is back on the uptrend. But ENPH must pass the price barrier first.Longby Max-Lee1
ENPH - ready for a take off?ENPH is quite a volatile stock. It’s been a multi-bagger since the 2020 elections. This has been hammered lately and looks like bottomed out. Recent uptick in volume showing signs of recovery. Long - around 100ish Stop loss - 85 Target #1 - 175 Target #2 - 230 So much of supply ahead, won’t be a smooth ride. And note- this one has political risk as well. Manage your risk and position size carefully.Longby just4tradinUpdated 8
ENPH FALLING WEDGE ON WEEKLY (NEEDS TIME TO DEVELOP)I love the setup here on NASDAQ:ENPH as well. We got long around $79 back on first couple days of November, I think it's only just getting started. Over 94 target 101.51-106.19. Over 107 target 120(Gap fill 115.56) With some more time i think it could also retest 156Longby Jovan888Updated 5
$ENPH weekly target 139.65CISD monthly off by .02 but Weekly clear CISD on 12/18 133.99, trigger is in for longs risking MT of OB 99.64Longby jopel21751
ENPH Potential Buy SetupReasons for bullish bias: - Price formed HH, and has broken strong trendline - Safe entry at breakout HH for bull trend confirmation - Simple DOW theory Entry Level(Buy Stop): 142.49 Stop Loss Level: 90.71 Take Profit Level 1: 194.27 Take Profit Level 2: OpenLongby TradeWithParas1
Enphase Energy's Strategic Moves Signal a Brighter FutureEnphase Energy (NASDAQ: NASDAQ:ENPH ) stands as a beacon of innovation and resilience. Despite facing headwinds in the form of inventory issues and shifting market dynamics, the solar inverter maker is charting a course towards a brighter future. We delve into Enphase's recent developments, strategic shifts, and the prospects that lie ahead. Navigating Short-Term Challenges: Enphase Energy (NASDAQ: NASDAQ:ENPH ) recently announced its anticipation of an improvement in demand in the near term, sparking a surge in its shares by nearly 13% in extended trading. The company acknowledges the hurdles it faced in Europe, with a significant sequential decrease in revenue in the fourth quarter due to inventory management issues. However, Enphase (NASDAQ: NASDAQ:ENPH ) remains optimistic, citing early signs of recovery in Europe and the potential for a rebound in non-California states. Adapting to Market Dynamics: Solar firms, including Enphase, have encountered obstacles such as rising inventory levels in Europe and softening demand in the U.S., attributed in part to regulatory changes like the metering reform in California. Enphase's response to these challenges involves strategic adjustments, including reducing shipments to manage inventory levels and focusing on enhancing demand and margins for its batteries and micro-inverters throughout 2024. CEO's Vision and Guidance: Enphase's (NASDAQ: NASDAQ:ENPH ) Chief Executive, Badri Kothandaraman, paints a picture of cautious optimism, acknowledging the slowdown in demand while expressing confidence in the company's ability to navigate through it. Kothandaraman highlights the potential turnaround, citing early signs of recovery in Europe and the expected resilience of non-California states. Despite forecasting a seasonally down sell-through demand for the first quarter, Enphase (NASDAQ: NASDAQ:ENPH ) sets its sights on a revenue range of $260 million to $300 million, indicating a proactive stance in managing expectations. Analyst Expectations vs. Performance: Enphase's (NASDAQ: NASDAQ:ENPH ) fourth-quarter revenue slightly fell short of analysts' expectations, standing at $302.6 million compared to the anticipated $327.9 million. The company's first-quarter revenue forecast also falls below analysts' estimates, but Enphase (NASDAQ: NASDAQ:ENPH ) remains steadfast in its strategic direction, focusing on operational excellence and seizing opportunities for growth amidst challenges. Conclusion: Enphase Energy's (NASDAQ: NASDAQ:ENPH ) journey exemplifies the resilience and adaptability required to thrive in today's dynamic energy landscape. Despite short-term challenges, the company's strategic maneuvers, coupled with the vision of its leadership, signal a promising trajectory ahead. As Enphase (NASDAQ: NASDAQ:ENPH ) navigates through the current headwinds, it emerges as a compelling player poised to capitalize on the opportunities that lie beyond. Investors and industry observers alike would do well to keep a keen eye on Enphase Energy as it continues to shape the future of renewable energy.Longby DEXWireNews3
ENPH has a revenue problemEarnings today were deemed by wall street as "good enough". That may be true, and the stock may be up today, but Revenue dropped 58% to $302.6 million, from $724.6 million a year ago. --> Since revenue has started declining, the stock is down. Market estimates expect a decline in revenue in 2024 vs 2023, so unless the correlation changes, or unless the company announces expected increases in revenue, this is one I'd avoid.Shortby HandsomeSloth220
ENPH Enphase Energy Options Ahead of EarningsIf you haven`t sold ENPH before the previous earnings: Then analyzing the options chain and the chart patterns of ENPH Enphase Energy prior to the earnings report this week, I would consider purchasing the 102usd strike price at the money Puts with an expiration date of 2024-2-9, for a premium of approximately $7.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Shortby TopgOptions1
LONG on Enphase Energy1. regain of MAs is important 2. 0.5 Fib retrace reached 3. RSI and STOCH RSI reset 4. MACD slowly turning bullish SL 101.10 $ TP 0.5 (158 $) and 0.618 (189 $) retrace of ATH www.tradingview.com (use dark mode)Longby sn0ker4
ENPH strengthening MomentumENPH has strengthening momentum. This is an hourly chart. Looking for around 117.Longby simplenothingUpdated 1
Possible SupportThe trend line on the screen has been support for many years. Price is revisiting this trend line with the most recent earnings. 75 - 80 may serve as local support and price may bounce. Good risk to reward as a stop is just below trendline. Not financial advise. Longby ThnacksUpdated 229
ENPH Pattern Breakout and Gap Play - ENPH Brok out of the descending wedge, and is now holding the 108 - 116 gap area. Will look to go LONG on next dips to gap area or 8/21 EMA Longby UNITEDTRADERSX2
Enphase Energy - ENH (MAGS) - LongLooks like Enphase is reaching a Wyckoff accumulation phase with channel resistance helping to direct price into the accumulation schematic. Spring could bounce off resistance turned into support. Price to seek imbalance at the gap around 0.618/golden fib zone. This target zone coincides with a line of best fit/trend line through Daily price chartLongby BullBearBlair224
ENPH what is the next .?The stock still in bearish trend , the positive trend will establish above 132 $by bo3loooka0
Enphase Energy $ENPH Trade IdeaLast Friday I entered a new trade on NASDAQ:ENPH as we closed above the 50MA on daily candles. The trade is profitable for now, my target is $124 in the short term and we might see a pullback over the next few days as the oscillators are showing overbought conditions. We can also see the diagonal resistance level that has been in force for some time now, which lines up to that $124ish target. In addition we could see the price fill the bullish gap quickly. One thing to note is that MACD has crossed above the 0 line which might suggest continuation of the bullish momentum. The moving averages are starting to slope up which also points to a potential further bullish momentum. If the price pulls back to the 50MA I will likely add more contracts to this trade. Hope this was helpful, follow me for more trade ideas. Thank you, BKLongby Konstandinovic1
ENPH bullI am bullish on ENPH, in the upcoming sessions there could be some bullish moveLongby orkhanrustamovUpdated 4
Expectation to reach and break 98.42 in the next daysAccording to the method explained in the video we expect on NASDAQ:ENPH for the next week a prosecution of the downside or flat trend and then a return over 98,42 dollars to close the T+2i upward wave. 16:18by TRADOMICS_2
ENPH Short In Progress*Posting this a couple months late since I've been more preoccupied with Crypto Saw a lot of people calling for $400s in August since price looked to be finding a bottom around $150, but felt the rate environment and overall outlook for S&P would make this nearly impossible to happen. Took a contrary position due to believing price should be around pre-covid levels, and it has been working quite effectively. Potential bounce soon back to $96, from where I can see price revisiting $33 or $18 worst-case. Let me know how you feel about ENPH.Shortby Jordsito3
keep finding $ENPH's supportsCopy & Paste from the web! Enphase reported earnings per share of $1.02, missing the $1.03 estimate. The company posted revenue of $551.1 million, Which fell short of the $566.02 million estimate. Enphase cited high inventory at its distribution partners and softening in demand in the Netherlands, France, and Germany, its key markets. The company anticipates fourth-quarter revenue to be between $300 million and $350 million, far short of the $601.24 million estimate. President and CEO, Badri Kothandaraman, highlighted other developments for the company, saying, " Solargraf, our cloud-based design and proposal software platform, now provides NEM 3.0 functionality for solar and battery systems in California. We began offering 3D and shading features and continue to make progress on new features and functions. The software platform is now available to installers in the United States, Brazil, Germany, and Austria."Longby KhanhC.Hoang2
Mega Cap Tech Strong / Banks weakThe market almost closed positives today in the back of tech stocks rallying. A massive gap down was bought up off the lows today. Banks continuing's to sell off despite yields and the dollar cooling off today.12:35by Trading-Capital1