Enphase Energy, sell signal in week 8
Enphase bounces 2.3% but the rally lacks convinced buyers
Enphase Energy, sell signal in week 8
Our view last week
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.
This week's summary
After last week's 11.7% plunge - almost entirely sell volume - Enphase Energy attempts a 2.3% bounce, but buying barely clears 56% of volume: in our weekly technical analysis on Enphase stock, the bounce is unconvincing. Money flow slides further negative and the ADX keeps fading, down for a month straight: the decline is losing steam, yet buyers have not taken control. The distribution phase stays pronounced.
IQS Phase
80
in tension / maturity
Signal Strength
39
decline losing steam
Sizing
REDUCED
Ranking
#22 / 138
US stocks
Trade P&L %
+31.23%
from signal to date, no stop loss
Rank position
ranks 22nd among the 138 sell signals for US stocks in our ranking, with a signal strength of 39 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
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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