Examining Tickeron's Robot Factory's Success: $ENPH Shows 3.44% Growth in a Week
The Swing trader: Downtrend Protection v.2 (TA) AI trading robot has emerged as a top performer in our robot factory, showcasing its potential by generating an impressive 3.44% gain while trading ENPH (Enphase Energy) over the previous week. Let's delve into the technical analysis and earnings results to understand the factors contributing to its success.
Technical Analysis: The RSI (Relative Strength Index) Indicator, a popular tool used by technical analysts, signaled a notable shift for ENPH on May 08, 2023. Moving out of oversold territory, the RSI indicator suggests that the stock may be transitioning from a downward trend to an upward trend. Traders observing this indicator might consider buying the stock or call options, anticipating a potential upward movement.
To further support this analysis, the A.I.dvisor examined 26 similar instances when the RSI indicator left oversold territory. Remarkably, in 25 out of those 26 cases, the stock subsequently moved higher. This historical data indicates a success rate of approximately 96%, lending confidence to the hypothesis that ENPH is likely to experience a move higher. With odds of 90%, investors may find this information valuable when making their trading decisions.
Earnings Results: The latest earnings report, released on April 25, showcased an impressive performance by ENPH. The company reported earnings per share (EPS) of $1.37, surpassing the estimated figure of $1.21. This positive surprise indicates that Enphase Energy outperformed market expectations, reflecting its robust financial health and potential for growth.
Furthermore, with 520.99K shares outstanding, the current market capitalization of ENPH stands at 24.92B. This figure demonstrates the market's confidence in the company's future prospects and highlights its position as a significant player in the energy sector.
The Swing trader: Downtrend Protection v.2 (TA) AI trading robot has demonstrated its prowess by generating a 3.44% gain while trading ENPH. Technical analysis indicates a potential shift from a downward to an upward trend, with historical data suggesting a high probability of a move higher.
ENPH's RSI Oscillator ascends from oversold territory
The RSI Oscillator for ENPH moved out of oversold territory on September 11, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In of the 24 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 46 cases where ENPH's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on September 20, 2023. You may want to consider a long position or call options on ENPH as a result. In of 72 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ENPH just turned positive on August 28, 2023. Looking at past instances where ENPH's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ENPH advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .
ENPH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ENPH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for ENPH entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ENPH’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: ENPH's P/B Ratio (17.391) is slightly higher than the industry average of (5.427). P/E Ratio (31.250) is within average values for comparable stocks, (37.597). Projected Growth (PEG Ratio) (1.255) is also within normal values, averaging (1.509). ENPH has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). P/S Ratio (6.443) is also within normal values, averaging (28.123).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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Industry description
Market Cap
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of solar micro-inverter systems
Industry ElectricalProducts
ENPH and
Correlation & Price change
A.I.dvisor indicates that over the last year, ENPH has been closely correlated with SEDG. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if ENPH jumps, then SEDG could also see price increases.
| Ticker / NAME | Correlation To ENPH | 1D Price Change % | ||
|---|---|---|---|---|
| ENPH | 100% | +1.54% | ||
| SEDG - ENPH | 73% Closely correlated | +0.53% | ||
| SPWR - ENPH | 67% Closely correlated | -1.58% | ||
| NOVA - ENPH | 64% Loosely correlated | +0.09% | ||
| RUN - ENPH | 63% Loosely correlated | -0.97% | ||
| CSIQ - ENPH | 51% Loosely correlated | -1.23% | ||
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