Buy Wix.com | NASDAQ WIX | Naranj Capital

 BUY   Wix.com (NASDAQ: WIX)

Wix.com (NASDAQ: WIX) STOCK RECOMMENDATION

IdeaBUY
Buy Range158 – 163
Target176 – 180
StopLoss*below 144
Duration15-16 Trading Days
Potential Returns8% – 10%
IdeaBuy RangeTargetStopLoss*DurationPotential Returns
BUY158 – 163176 – 180below 14415-16 Trading Days8% – 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

WIX-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Wix.com —     NASDAQ —

Wix.com (NASDAQ: WIX) - DAILY TECHNICAL ANALYSIS

WIX-DAILY TECHNICAL ANALYSIS
Wix.com (NASDAQ: WIX) - Technical Analysis (Daily)
  • 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

WIX-MACD
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

WIX-EMA CROSS
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

WIX-ADX & DI
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.

Wix.com (NASDAQ: WIX) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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