ENPH trade ideas
$ENPH: Mean reversion towards earnings resistance?I think NASDAQ:ENPH has a very low risk buy setup here. I already bot it during Friday, but you can enter pre market or during Monday's session safely.
Stop loss a bit below the $159.06 level would do.
Aim for a 6 business day rally from Friday, with potential upside to the level where the stock reported quarterly earnings recently.
@timwest found these levels to be of extreme significance, you can see how this 'Key Hidden Level' acted the last two times it was tested in the prior quarter.
Mad props to him for teaching me these methods.
Perhaps NASDAQ:FSLR 's acquisition news made investors think more M&A could happen in the solar space, certainly an interesting oversold level for long term entries here as well. Let's see how it goes.
Best of luck!
Cheers,
Ivan Labrie.
Enphase dumping hard and being downgraded!Enphase is overreacting to the downside today right into major support lines, it is piercing through these levels currently but I think a reclaim of these levels could provide a bullish setup. Also, Enphase report a surprise earnings beat of almost 13%. Weird price action for those earnings.
Solar Power Surge: ENPH Breakout Trade with Williams AlligatorEnphase Energy Inc. ( NASDAQ:ENPH ) is a solar energy company that designs, develops, and sells energy management systems for the solar industry. On the daily chart, the Williams Alligator indicator is currently showing a bullish trend, indicating a potential buying opportunity for traders.
Trade Idea: Based on the bullish trend identified by the Williams Alligator indicator, a breakout trade could be initiated if the stock price breaks above the resistance level of $231.44. A stop-loss order could be placed at $222.23 to limit potential losses if the trade does not perform as expected.
The Williams Alligator is a technical analysis tool that uses a combination of moving averages to identify trends in the market. The indicator consists of three lines, each representing a different moving average: the jaw, teeth, and lips. When the lines are intertwined and moving in the same direction, it indicates a trend in that direction. In this case, the Williams Alligator is showing a bullish trend, suggesting that the stock price is likely to rise in the near future.
$ENPH Long the Leading Solar Company. Alright. Bringing TV another idea that i took about a week ago; for a very serious swing.
Fundamentals-
NASDAQ:ENPH has been the leader in Solar development for a long time. Sunrun Jinko, SEDG, CSIQ, etc are not comparing to how this company is performing.
Now, they are shipping their most advanced products to Europe to begin the international market takeover.
NASDAQ:ENPH had a monster rally in Q3-Q4 of 2022 while equities were tumbling consistently, I watched Enphase run the peak of its bull market around 320.00. While Tech and the overall market were crumbling daily.
I did an extensive research project on this company in 2020. And my logistics company actually delivers their product to homes here in South Florida. So I've actually got to see this product first hand. As well as many others.
Technicals-
We just ended the bear cycle that lasted about 20 weeks. About 5 months.
With oil prices due to rise (Opec) Oil Production cuts. This is an exact confluence to heightened attention about renewable resources, putting NASDAQ:ENPH back into the spotlight once again.
_Bear Market Ending_Technical break higher today. Ending Bear Wave.
Positioning.
I am running the 310 Aug 18th Call. for 7.00
Cheers, see you guys at 300. IT won't be smooth, but the last run took about 90 days to complete. Be sure you get enough time on your swing.
A good entry is around 200.00 flat if we pull back again.
Cheers.
ENPH - Long Cup and Handle FormationEnphase is in a long "Cup and Handle" formation. This is great for the long term investor. By July of 2023 I see ENPH around $300 or higher especially as inflation dissipates and they continue to expand their solar products around the world. It could be a longer stretched cup and handle which will be figured out in the next month or so...
ENPH: Energize Your Investments with a Leading Solar CompanyOne key factor that makes ENPH an attractive investment opportunity is the rapid growth of the solar energy market. According to a report by the International Energy Agency, solar power is expected to become the largest source of electricity by 2035, with a projected compound annual growth rate (CAGR) of 18% from 2020 to 2025. As a leading provider of energy management systems, ENPH is well-positioned to benefit from this trend.
In addition, ENPH has a strong financial position. The company has consistently posted strong revenue growth over the past few years, with a revenue CAGR of 50.4% and 67.8% from 2015 to 2020. Furthermore, the company has a solid balance sheet with no long-term debt and a healthy cash reserve. This financial stability puts ENPH in a strong position to weather any potential economic downturns or market volatility.
Finally, ENPH has a strong track record of innovation and product development. The company has a robust research and development program and has consistently introduced new and innovative products to the market. This positions ENPH to stay ahead of its competitors and to maintain its position as a leader in the solar energy industry.
In summary, ENPH is a strong investment opportunity due to its position in the growing solar energy market, strong financial position, and track record of innovation and product development.
Falling Wedge- Bullish - UpdateENPH has been trading sideways for quite some time now while simultaneously getting beaten down by the broader markets, and testing a very strong resistance level circa $223-214.00. However, ENPH has seemingly found a bottom with a significant amount of bullish flow coming in while heading into earnings on 4/23'. From a fundamental standpoint, relative to others in the sector such as FSLR, ENPH is undervalued compared to other big names in the sector. Nevertheless, ENPH is setting up quite nicely here, hovering in and out of oversold territory while holding a massive falling wedge, accompanied by hidden bullish divergence on the RSI on the weekly timeframe (See Attached Chart Below). Furthermore, ENPH is sitting right on its 50-day SMA while bulls & bears are pulling. Regardless, 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 --Previous Charts Attached Below As Well As Price Targets--
PT1- $222.58
PT2- $228.34
PT3- $234.62
PT4- $240.37 +
Weekly Timeframe
Fundamentals
Previously Charted
$ENPH Double Bottom?$ENPH got beaten up after earnings I suspect the reason is that one of solar’s biggest markets, California, is changing how it pays for excess solar generation or commonly called “NEM Charges.” In a nut shell it stretches out the payback period from 5 years to 9 years (Assuming you buy the system) so what will that do for demand? ( That was finalized by CA PUC in December 2022 - about the time of the start of the decline in stock)
Without getting into a long discussion on this news, I think that this is now priced into the stock and it “may” be free to run higher. See notes on chart. Ideas, not investing / trading advice.
From earningswhispers.com
Enphase Energy Beats
Enphase Energy ( ENPH ) reported Quarter December 2022 earnings of $1.44 per share on revenue of $724.7 million. The consensus earnings estimate was $1.23 per share on revenue of $694.8 million. The Earnings Whisper number was $1.29 per share. Revenue grew 75.6% on a year-over-year basis.
The company said it expects first quarter revenue of $700.0 million to $740.0 million. The current consensus revenue estimate is $670.67 million for the quarter ending March 31, 2023.
Enphase Energy Inc delivers microinverter technology for solar industry that increases energy production, simplifies design and installation, improves system, reduces fire safety risk & provides a platform for intelligent energy management.
Enphase LONGHello fellas!
Curious about Enphase at these levels. A lot of steam has been blown away from the highs last year, and we are closing the fibonacci level of 61,8 which to me is veeery intriguing. Daily MACD seems to be also recovering from the lows, supporting the thesis for long position. Daily 100EMA is also supporting the price action.
I set the stop loss at exact 200 USD, with a risk/reward of 5. A lot of great potential here!
Thanks for reading, have a great day!
ENPH Enphase Energy Options Ahead of EarningsLooking at the ENPH Enphase Energy options chain ahead of earnings , I would buy the $215 strike price Puts with
2023-2-10 expiration date for about
$9.16 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
ENPH$ENPH - lost 50% of the move from Jan 2022 low to Nov 22 high, around $225 level. Made an attempt to reclaim this level this week but big rejection. A weekly close below $201.68 is potentially negative. Weekly MACD crossing below the zero line - not a good sign.
Levels to watch on the downside is around $197.50, $167.50