🏆 What are the price predictions for ENPH?

The price of ENPH (Enphase Energy) is forecasted to show a **bullish trend** in the near term, with potential fluctuations around a mean price. Here's a detailed analysis:

1. **Current Trend**: The stock is in a **bullish trend**, which has lasted for 14 days. The likelihood of this trend continuing is 72%, with a higher probability of continuation (up to 12.0 days) than non-continuation (up to 17.5 days).

2. **Support and Resistance Levels**: The stock is currently trading below both the wide and narrow resistance levels, indicating potential for upward movement. The next potential resistance level is $68.59, followed by $69.48. The support level is at $64.97, with a narrower support at $63.3.
3. **Forecast Price**: The price forecast for ENPH shows a general upward trend, with prices predicted to fluctuate around the $66 mark. The highest forecast price is $67.53, while the lowest is $64.97.
4. **Analyst Consensus**: The average analyst price target for ENPH is $79.94, with a majority of analysts maintaining a **neutral** rating. This suggests that analysts expect the stock to appreciate in value from its current price level, but with some caution due to the bullish trend.

In conclusion, while the bullish trend and support levels suggest upward potential for ENPH, the analyst consensus and forecast price range indicate that investors should be cautious and consider these factors when making investment decisions. The potential for fluctuations around the mean price suggests that ENPH is a solid investment with a balanced risk-reward profile.