Overall market sentiment has been down on Enphase Energy Inc (ENPH) stock lately. ENPH receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Enphase Energy Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ENPH!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With ENPH Stock Today?
Enphase Energy Inc (ENPH) stock is trading at $319.84 as of 2:50 PM on Wednesday, Nov 30, a gain of $16.45, or 5.42% from the previous closing price of $303.39. The stock has traded between $305.31 and $320.48 so far today. Volume today is below average. So far 2,108,019 shares have traded compared to average volume of 3,890,633 shares.
More About Enphase Energy Inc
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
Click Here to get the full Stock Report for Enphase Energy Inc stock.