Enphase's decline picks up pace
Enphase drops 11.7% as ADX keeps losing conviction
Enphase's decline picks up pace
Our view last week
Enphase is giving ground again: down 7.3% this week, with 72% of volume on the sell side. The 4.1% bounce from a week ago proved short-lived, and price is back near June's double bottom in the 40 area. Underneath, though, the selling push keeps fading: ADX, momentum and money flow have all been sliding for weeks. The short remains solidly in the money, above 23%.
This week's summary
Enphase plunges 11.7% in a week that was almost entirely sell volume — 98% of it — pushing the short above 32% in profit. In our weekly technical analysis on Enphase stock, beneath the price swoon the ADX keeps fading, down for a month straight: the trend is losing conviction just as price accelerates. Money flow has just turned negative and momentum has dropped below zero.
IQS Phase
85
in tension / maturity
Signal Strength
89
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#16 / 141
US stocks
Trade P&L %
+32.77%
from signal to today
Rank position
ranks 16th among the 141 sell signals for US stocks in our ranking, with a signal strength of 89 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
ENPH belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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