Enphase — sell signal, week 5
Enphase bounces 4.1%: the decline shows its first signs of fatigue
Enphase — sell signal, week 5
Our view last week
Enphase Energy is at week 4 of a sell signal, and the week just closed down 9.5%: signal strength is at its maximum, 100 out of 100, with the decline making lower lows and the pace not slowing. The setup quality indicator, at 67 out of 100, remains in tension, and Enphase ranks 71st among the 137 US sell signals.
This week's summary
Enphase technical analysis: after two brutal weeks (-9.5% and -9.0%), the stock bounced 4.1% this week with buyers suddenly in charge, 70% of volume on the buy side. Underneath, though, the decline is losing steam: the ADX has fallen for a fourth straight week, momentum has nearly halved, and the weekly MACD just crossed bearish. The short remains solidly in profit, above 17%, while the first signs of fatigue show up.
IQS Phase
77
in tension
Signal Strength
32
decline losing steam
Sizing
REDUCED
Ranking
#36 / 137
US stocks
Trade P&L %
+17.88%
from signal to today
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