Enphase Energy, Inc. (ENPH) stock price recorded gains in its latest intraday trading, under the dominance of a short-term corrective upward trend, with price action moving along a supportive trend line. The stock continues to benefit from dynamic support by trading above its SMA50, which strengthens the surrounding positive momentum, alongside incoming positive signals from the RSI.

Therefore we expect the stock price to rise in upcoming trading, as long as the $42.60 support level holds, to target the first resistance at $54.45.

Todays price forecast: Bullish