Strong-volume bounce, but ADX still fading
Enphase Energy jumps 11.5%: the decline eases but money flow stays negative
Strong-volume bounce, but ADX still fading
Our view last week
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.
This week's summary
Enphase Energy speeds up its rebound: up 11.5% on the week, with 88% of volume on the buy side - a sharp shift from last week's weak recovery. On the daily chart, price touches the 39 area and bounces 8% off the 20-day moving average. The ADX keeps sliding, though: the decline is still losing steam, but confirmation of a reversal hasn't arrived yet.
IQS Phase
63
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#71 / 122
US stocks
Trade P&L %
+23.30%
from signal to date, no stop loss
Rank position
ranks 71st among the 122 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein positive regime
Performanceweekly +7.20% · monthly +3.62%
ENPH belongs to the growth tech sector (reference ETF XLK). The sector is classified in positive regime according to our weekly reading.
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