Long $ENPH till day after earnings report July 24.There’s is a huge lift for all battery and renewable energy companies right.
For example, META hired Evercore EVR, to the tune of $54B to build out 11 square mile solar powered data storage facilities for its push into A.I., which requires a lot of energy to run AI.So there’s a ton of money from the large cap MAG 7 companies going into this industry right now.
Based on the volume profile and the fib levels already breached, i would easily believe if ENPH just slightly beats rev & earnings, and has decent guidance.
ENPH trade ideas
ENPH - Enphase Energy - Long ideaDear traders,
Id like to share this idea in order to take long positions, basically the price is in a bullish flag pattern, Solar Companies will benefit from interest rate cuts, it is time to start thinking about it.
110- 120$ is is a good price range to look for buying opportunities.
best,
$ENPH $140 target achievable ? NASDAQ:ENPH starting to move off here as seasonality kicks in as for all the major solar names. It is breaking out of daily resistance and closed above last Friday. Targeting $140 which is major overhead resistance. Also it is nearing volume gap above ranging from $127~$130.
Continuing Bear Trend for ENPHAfter forming an ascending triangle ENPH made a lower high and broke the upward sloping support. After the break, it followed through with a back test of what was once support, turned into resistance. These are signs that the trend will continue to be bearish or sideways at best. the target is $73.71USD where it pivoted to make the previous local bottom.
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 110usd strike price in the money Puts with
an expiration date of 2024-9-20,
for a premium of approximately $16.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ENPH Short the Trend1) Targets:
#1 TP - $94
#2 TP - $75
#3 TP - $36
#4 TP - $14
#5 TP - $7
#6 TP - $2
2) Revenues are falling due to current conditions in solar industry. Look at peer companies (either layoffs or reorganizations). Most of the analysts revised targets downward.
3) We are in downtrend. Don't fight it, just follow it. As of now there are no indications of trend reversal.
4) RR 1:3 apply. Accept if you are wrong.
5) Trading below 200/50 averages.
Do your own analysis before making trading decisions. These are just my thoughts and not trading/investment recommendations.
Enphase Energy forms alliance with Octopus Energy to boost salesEnphase Energy Inc., a leading provider of solar energy solutions, has recently established a strategic partnership with Octopus Energy Group to enhance its sales. This collaboration is expected to drive significant future revenue growth for Enphase Energy by integrating its solar inverters and battery systems with Octopus's Kraken platform, which manages virtual power plants. This synergy aims to harness multiple home solar panels and batteries, integrating them into a cohesive and sustainable power generation system through smart distribution technologies.
Analysing potential trading opportunities for Enphase Energy Inc. (NASDAQ: ENPH):
On the Daily (D1) timeframe, the stock shows resistance at 114.40 USD and support at 106.00 USD, with early signs of an uptrend. A break above the current resistance level could further confirm this uptrend. If the price fails to do so and continues its downward trajectory, a potential target could be 360.50 USD.
For traders, surpassing the resistance at 114.40 USD could present a buying opportunity, with a short-term target set at 139.50 USD. Those contemplating a medium-term investment may consider holding a long position to reach up to 152.60 USD.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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.