ENPH Rides Bullish EMAs Higher to $33.00

Enphase Energy Inc (ENPH) closed up 0.46% at $33.00 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($32.55) with a bullish stack. The 21-day EMA at $31.76 provides support.
• Momentum: RSI at 64.9 is in neutral territory but trending lower. MACD is bullish (0.62 vs signal 0.38).
• Volatility: Bollinger Band width at 18.9% indicates normal volatility.

Key levels to watch: Support at $28.58, Resistance at $34.55.