Weak EMA Structure Weighs on ENPH at $44.89
Enphase Energy Inc (ENPH) ticked higher by 4.35% to $44.89 on July 10.
Key indicators suggest a bearish bias:
Moving Averages
Price sits below both the 9-day ($45.49) and 21-day ($48.32) EMAs, suggesting short-term weakness.
Momentum
RSI at 43.0 is neutral but improving. MACD reads -2.46 against its -1.71 signal line (bearish).
Volatility
Stock has been in a TTM Squeeze for 4 days, indicating compressed volatility and potential for a significant move.
Watch $41.23 as support and $55.57 as resistance.
