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Enphaseenergy

Enphase Energy – Is it Overpriced Enough to Start Shorting it?Fundamental Indicators: Sector – Technology US Business Cycle Stage – late cycle, when this sector is not favourable Revenue – explosive growth for the past 5 years, 40% 5-year average Profits – consistently growing since 2020 Net margin – decent 11% for tech company P/E – extremely high at 195 compared to S&P500 with 21 and Technology sector 27 Liabilities - debt ratio is at 0.81 which is within normal limits, Net Debt/ EBITDA is at 0.13 – no problems with debt Conclusion – great financial performance since it became profitable in 2019 but it is grossly overpriced considering the current global economic situation, so it is very likely to go into correction to let the steam out Technical Analysis (Elliott Waves): Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently at the stage of completing wave 3 (see higher timeframe graph) Since the correction of March 2020, the stock price went ballistic with nearly 1400% jump, which makes sense as solar energy technology is in great demand now considering the current geo-political situation However, EW count suggests that the latest global correction in the form of Running Flat lasted between February 2021 and January 2022 and since then there was another move to the upside in a choppy manner which is likely to be an Ending Diagonal currently in final stages of completion Once reversal started we can expect correction to a target area of $110-$150 representing 0.5-0.618 Fibonacci retracement levels to the global wave 3 This is a higher timeframe to reflect the full history of Enphase Energy and to provide full wave count: What do you think about Enphase Energy and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
NASDAQ:ENPHShort
by vitalalyt
3
ENPH Enphase Energy got electric charged!This came up on my screener... ENPH Reading abotut it was intriguing as this was interesting as it develops, manufactures, and sells solar microinverters, energy monitoring software, and battery storage products. Given the expected surge of crude after the current retracement, and the sustainability trend, I find ENPH intriguingly positioned. Technicals flagged it out, having taken some damage since Oct 2021. A triangle formation breakout, and retest appears to have been done and a second breakout (of a trendline) flagged it. The daily technical indicators are turning up to support the breakout. On the news front, apparently solar stocks were given a boost with Biden's announcement where there would not be any new tariffs on solar imports for the next two years. In addition, There was authorization for Defense Production Act to help US manufacturers of solar panels, and it is expected that US solar manufacturing capacity can triple in the next two years. People would need energy management tools! Looks delicious... Potential upside target based on triangle breakout projections put it at 360 in Nov 2022. An interesting proposition seen in this chart.
NASDAQ:ENPHLong
by Auguraltrader
5
ENPH holds better than TAN;if mid165 fails, 120 will be retestedENPHASE is holding better than its mother ETF, TAN. Since 2021, it has basically been consolidating horizontally except for an overshoot 4Q2021. In contrast, the TAN etf is in a falling wedge formation. BULLISH CASE: Better yet, it is holding above the middle of this conso box, the 165 to 170 zone. (Middle of 120 to 220). This is also a convergence of 3 VWAPs from recent highs & recent bottoms. If it holds 165, then 220 will be retested. BEARISH CASE: If this midzone is lost, then a retest of 120 will be next or even a double bottom sometimes in 3Q2022 to create a divergence. Not trading advice
NASDAQ:ENPH
by xtremerider8
ENPHase W-pattern may reach 328 for wave 5 if 200 holdsENPH is the strongest component of the TAN solar ETF. Just like the biotech sector, it has started to gain ground after a long hammer candle at the week of May 9,2022. Since then it bounced with 4 consecutive green weekly candles from 165, the middle of a big trading range since 2021 (110-210). BULLISH CASE: ENPH is now at 210 the top of the range. It may retrace back down & retest the 165 midpoint or the VWAPs before a rally to again BO the 200 to 210 red zone with 328 as the destination of its wave V. This assumes that wave IV is a running flat & the 5-wave wave V is underway. It is now at the wave 3 of a bigger wave V. BEARISH CASE got hammered when ENPH bounce above all my VWAPs & is now attempting to breakout the 200-210 red zone. Not trading advice
NASDAQ:ENPHLong
by xtremerider8
1
Enphase long/short So here we have an easy ta from ENPH. I want you to present one long and one short position, because I guess its very open in situations like do we have now in which direction a stock with high vola could go. There are some gaps that want to be seen. In uptrend we have outbreaking gap, in corono downtrend we have that important measuring gap that needs to be filled in. If you are going long, you can take double bottom to determine your profit goals. In my opinion the stockprice should pushed by regular high momentum due earning and especially by filling the measuring gap minimum 5-12 % up. Profit could take around 44-46 range. For going forward need to look momentum, cause there is another and resistance around 48 mark. For price goals (over days) around 50 it needs very bullish ER and SPY fed by fed. Going short means take a look on support lines. Also here I guess you can use high momentum to take you max. profit around 28 mark. Softcore shorties could take also profits around 30-33 range. In kind of very bad ER it could fall (over days) to support at 22. So good luck. Any comments are welcome :)
NASDAQ:ENPH
by Hornetcharts
1
ENPHASE (ENPH): This Chart is Absurdly Bullish✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Enphase (ENPH) has been an absolute beast, not just in terms of its chart, but in terms of other factors like earnings. After another quarter of strong earnings, the premium the market is willing to pay for this microinverter maker makes sense. Despite some risk due to a potential slowdown in the months ahead for the industry, we think there is still room to play the uptrend. As such, all we are looking for here is enough of a pullback in price to give us a long entry. Resource: seekingalpha.com + www.fool.com + www.greentechmedia.com --- 1. Fractal Trend has been showing an uptrend (Aqua bar color) on the 4 hour timeframe for almost 2 years now. There has rarely been a bad entry since then. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua) and/or bullish S/R levels plotted by Directional Bias (Aqua). 3. We are currently assuming the uptrend will continue, and as such are looking for a pullback to the nearest relevant support level to enter long. S1 looks like it will give us a great entry if ENPH can pullback enough to let us in. 4. This trade only has two relevant exit conditions. Either we close at our target, or we close if our stoploss is hit. 5. If for whatever reason S1 doesn't hold, we have mapped out a few other key levels to watch in the future. S2 is a good candidate for support on a deeper pullback due to the orderblock and S/R flip. S3 is the last support before the price inefficacy gap below. And S4 is a major support range that represents a final hope for Enphase bulls if S3 can't hold. 6. Lower levels aside, the idea here is simple, we are taking a stock that is in a strong uptrend, looking for a solid entry in that uptrend, and then aiming for an exit that offers a solid risk to reward ratio. Good luck with this one gang!
NASDAQ:ENPH
by AlphaBotSystem
Enphase to Find Resistance at $36 in Early 2025Although Enphase is an excellent inverter company for solar panels, and has treated its investors to a 420% year to date increase in value, I am feeling that CNN Business's analysis is too optimistic: "The 10 analysts offering 12-month price forecasts for Enphase Energy Inc have a median target of 30.00, with a high estimate of 40.00 and a low estimate of 26.00. The median estimate represents a +21.85% increase from the last price of 24.62." Solar panel companies have a tremendous amount of competition and also failure rate when we look at them historically. Due to the consistent innovation and subsequent outdating of previous technology, it is possible that a company like Enphase could be completely off the trading market within a decade. Yes, it could even happen in the next 12 months. I would not invest into this company if I wanted to sell within 6-12 months. Do I think this stock is going to go under in the next 12 months? No, but I also don't think that it could hit a median of $30 within the next year. Let the technology, market, and consumers play it out for the next 5 years and we will see this stock increase from $24.62 to over $35. I have 70% confidence in this analysis. I am holding Enphase and PLUG to diversify into the energy sector.
NASDAQ:ENPHLong
by youareallset
4