USA A1 Trading Advice (B) | 15-Jan-2025 | Expected Gain 5%-6%

 BUY   Wix.com Ltd. (NASDAQ: WIX)

Wix.com Ltd. (NASDAQ: WIX) STOCK RECOMMENDATION

Idea BUY
Buy Range 230 – 235
Target 246 – 250
StopLoss* below 222
Duration 14-15 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 230 – 235 246 – 250 below 222 14-15 Trading Days 5% – 6%

* 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 Ltd. (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 Computer Software: Programming, Data Processing
52 Weeks High 229.79
52 Weeks Low 117.58

Wix.com Ltd. (NASDAQ: WIX) - RELATIVE STRENGTH

WIX - RELATIVE STRENGTH

Relative Performance - Last 1 Year

WIX —     NASDAQ —

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

Wix.com Ltd. (NASDAQ: WIX) - Technical Analysis (Daily)
  • The stock price underwent a consolidation phase, forming a rectangular pattern.
  • After the breakout, the stock initially increased but soon entered another phase of consolidation, resulting in the formation of yet another rectangle pattern.
  • Now, following a new breakout, the stock is poised to rise again.

Wix.com Ltd. (NASDAQ: WIX) - RSI

WIX - RSI
Wix.com Ltd. (NASDAQ: WIX) - RSI
  • Current RSI of this stock is 64.32, which indicates the strength of buyers.

Wix.com Ltd. (NASDAQ: WIX) - ADX & DI

WIX - ADX & DI
Wix.com Ltd. (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.

Wix.com Ltd. (NASDAQ: WIX) - EMA Cross

Wix.com Ltd. (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 dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Wix.com Ltd. (NASDAQ: WIX) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Wix.com Ltd. stock price target will be USD 246 – USD 250 in the next 14-15 trading sessions.

Wix.com Ltd. (NASDAQ: WIX) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  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 ofย 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 aย Certified Financial Technician (CFTe)ย 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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