Sell signal, week 17: the first bounce
Enphase bounces 3.3% after 7 straight losing weeks as a fresh low goes unconfirmed
Our view last week
Enphase stock sheds 6.5% while the US tech sector gains 3.5%: a 7th straight losing week. Sellers take 77% of the weekly bar, money flow sinks to its most negative reading in 4 weeks, and a bearish engulfing shows up on the daily chart. The price action points to strong distribution: compared with a week ago the decline is picking up speed, and the short is still more than 40% in profit.
This week's summary
Enphase stock bounces 3.3% after 7 straight losing weeks: the week carved out a fresh 90-day low, in the 30.5 area, that the close did not confirm. A week ago the decline was picking up speed, now it is catching its breath: money flow is improving but still negative, and the MACD remains below its Signal line. On our technical analysis the weekly picture is still bearish for this US stock, and for swing trading the Sell signal, in week 17, has the short close to 39% in profit.
IQS Phase
79
in tension
Signal Strength
19
decline losing steam
Sizing
MINIMUM
Ranking
#119 / 175
US stocks
Trade P&L %
+38.69%
from signal to date, no stop loss
Enphase Energy (ENPH) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 119th among the 175 sell signals for US stocks in our ranking, with a signal strength of 19 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
ENPH belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content