$ENPH Reversal Point - Contacted Monthly DemandNASDAQ:ENPH
ENPH has contacted Monthly Demand and is in line with the Monthly Demand that the S&P 500 has contacted.
There are several stocks that are currently aligned with the Monthly Demand of the S&P 500 ** See my profile for more stock scenarios**
As we reach PEAK FEAR in the markets, we are liking to have reached a bottom on the S&P 500
E0P trade ideas
Falling Wedge- Bullish - UpdateENPH looking really nice heading into earnings here. After getting beaten down below the 200-Day SMA where it's previously found support, ENPH just reclaimed the 20-Day EMA & is currently sitting on the 20-Day SMA. Big falling wedge on the daily timeframe and massive hidden bullish divergence on the weekly timeframe (Not Pictured). RSI is finally starting to come out of oversold territory as buyer volume picks back up. Bollinger bands are also squeezing (Not Pictured) in addition to some slight hidden bullish divergence on the 4-hour timeframe. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- see previous charts attached below for previous price targets.
- Falling Wedge
- Reclaimed the 20-Day EMA
- RSI Finally Out of Oversold Territory
- Massive Bullish Hidden Divergence on the RSI on the Weekly Timeframe (Not Pictured)
- Bollinger Bands Squeezing (Not Pictured)
- Buyer Volume Picking Back Up
PT1- $143.38
PT2- $145.42
PT3- $146.71
PT4- $148.66 +
--Previously Charted--
Enphase Energy earnings beatEnphase Energy (ENPH) Q4 earnings beat makes a monster pre-market move to the upside. Enphase Energy (ENPH) reported Q4 December 2021 earnings of $0.73 per share on revenue of $412.7 million. The consensus earnings estimate was $0.57 per share on revenue of $396.5 million. Revenue grew 55.8% on a year-over-year basis. The company said it expects Q1 revenue of $420 million to $440 million. The current consensus revenue estimate is $408.11 million for Q1 ending March 31, 2022. Here's levels on the 15 minute chart:
Q4 Results:
EPS = $0.73
Revenue = $412.7M
52 week high = $282.46
52 week low = $108.88
7 day high = $177.50
7 day low = $130.07
breakout = $179.72
R3 = $178
R2 = $176.27
R1 = $174.54
pivot = $172.81
S1 = $171.08
S2 = $169.36
S3 = $167.63
breakdown = $165.90
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loving this setup! on my watchlist for next week 🦉enph could be using previous trend resistance as support now, also near local/extreme trendline support.
on top of that we are bouncing off rsi support from 2019! This is what I call cluster support :D
These are all good signs for a low risk risk long entry.
like and follow for more 💘
ENPH In For a Rough 2022Enphase has performed incredibly well since the Covid 19 outbreak in March of 2020. ENPH has attracted overwhelming investment attention from retail investors and institutional investors during this time, this is partly because Enphase is a solar panel semiconductor company. Both Semiconductors and Solar have been hot sectors since the start of Covid, I believe that this trend will reverse as interest rates move higher from direct action of the Fed in 2022. This should result in investors moving into more defensive investments like consumer staples, energy, utilities, and bonds. All the while ditching shares of the speculative growth names in their portfolio like ENPH and others.
Taking a look at ENPH's technical setup, it is apparent that momentum and investor sentiment is shifting into a more negative state. One quick way to backup that thesis is looking at Enphase's lowered trading volume as of the last year and a half. Another big negative sign is the MACD on the monthly timeframe showing a bearish cross. And lastly ENPH price grinding up against the two year support trend line(denoted as the dashed red line). If or when ENPH breaks below the 2 year support line, expect a steep decline in price. With all that being said, my prediction for the price of ENPH stock during the next year of trading is at least a 35% decline from the current price of 159.85.
Falling Wedge- Bullish - UpdateENPH starting to look really nice here after pulling back to the 200-day EMA following new ATHs. Big falling wedge forming on the 4-Hour and Daily Timeframes. Certainly a longer-term play, however, bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout, see previous charts attached below for previous price targets.
- Bullish Hammer off the 200-Day EMA
- RSI in Oversold Territory
- Falling Wedge
- Slight Gap to FIll on the Upside
- Holding Above VWAP on the 4-Hour (See Attached Chart Below)
- Falling Wedge on the TAN ETF as well
PT1- $185.37
PT2- $187.64
PT3- $189.36
PT4- $191.48
--4-Hour Timeframe--
--Previously Charted--
--TAN--
Big level retest (stock idea): ENPH DailyA lot of confluence here on ENPH, a leader in the solar energy group:
- Trend line retest
- Bounce off the 200dma
- Gap filled and bullish engulfing on the daily
- Horizontal support tagged
Watch for a base to build as it tries to clear overhead resistance that's still ahead - on the daily it's still below the 10,20,50 moving averages, so it's likely to remain choppy even if it bounces from this level. I like that it's retesting its power earnings gap from late October - something to watch from here.
Last analysis on ENPH:
make it or break it area on ENPH, get the popcorn!🍿 nuetralenph approaching extreme trendline resistance zone, Must act as support or the bulls completely lose control! if we hold this area an bounce we could see a all time high test in 2022.
below 170 support id look for would be around 140-146, if we hold here and break 200-218-250
like and follow for more! 💘
Big Pullback in Enphase EnergyEnphase Energy made a big move between early October and late November, ripping from $145 to a new record high above $280. Now after a healthy pullback, traders may start to notice.
The first pattern on today’s chart is the 50-day simple moving average (SMA), which ENPH tested yesterday for the first time since breaking out.
Next, the low was near the stock’s previous highs in January and February. Can old resistance become new support?
Third, the pullback dragged stochastics to an oversold condition. That could also make some investors think it’s due for a bounce.
Finally, ENPH is the largest holding in the Invesco Solar ETF . TAN has been struggling this year following a big rally in 2020. But its 50-day SMA crossed above its 200-day SMA in mid-November – a potentially bullish “Golden Cross.”
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Enphase power and Amazon comparison from 1999
The similarities are very striking from Amazon's IPO into the 1999 Dot Com speculative bubble and the bust afterwards. History could be repeating itself. This is the EV/Solar bubble. The tech revolution is already played out. Now the S curve will be solar panels on everyone's homes and commercial buildings. The big buying opportunity could be coming.