Wix.com (NASDAQ: WIX) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 158 – 163 |
| Target | 176 – 180 |
| StopLoss* | below 144 |
| Duration | 15-16 Trading Days |
| Potential Returns | 8% – 10% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 158 – 163 | 176 – 180 | below 144 | 15-16 Trading Days | 8% – 10% |
* Once the first target hit, reset the StopLoss at your buying price.
Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.
Wix.com (NASDAQ: WIX) STOCK OVERVIEW
Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers. It also provides Wix Logo Maker that generates a logo, including through the use of artificial intelligence; Wix Answers to support users; and Payments by Wix, a payment platform, which helps its users receive payments from their customers through their Wix Website. In addition, the company offers various vertical-specific applications that business owners use to operate various aspects of their business online.The company was incorporated in 2006 and is headquartered in Tel Aviv, Israel.
| Stock Data | |
| NASDAQ Symbol | WIX |
| Sectoral Index | Technology |
| 52 Weeks High | 170.415 |
| 52 Weeks Low | 73.4 |
Wix.com (NASDAQ: WIX) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Wix.com — NASDAQ —
Wix.com (NASDAQ: WIX) - DAILY TECHNICAL ANALYSIS
- The price had been consolidating and coundn’t manage to break its resistance near 101 level.
- Finally in Dec’23, the price successfully broke the resistance level.
- After the breakout, price moved upside and made a previous 52 week high at near 147 level.
- From there, price has made a significant correction and came down at near at 118 level.
- Then the price started moving upside again and currently trading at 52 week high level.
- The volume has also been increasing significantly.
- It is expected that the price will continue its upmove.
Wix.com (NASDAQ: WIX) - MACD
- MACD line has just crossed the signal line from the below, generates bullish signal.
Wix.com (NASDAQ: WIX) - EMA Cross
- The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Wix.com (NASDAQ: WIX) - ADX & DI
- Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
CONCLUSION - Wix.com (NASDAQ: WIX) STOCK PRICE FORECAST
Based on our short term trading ideas in USA stocks, Wix.com stock price target will be USD 176 – USD 180 in the next 15-16 trading sessions.
A1 Trading Advice