In the dynamic landscape of online business facilitation, Wix.com ( NASDAQ:WIX ) stands tall as a pioneer, enabling small enterprises to thrive in the digital sphere. With its recent stellar performance in the fourth quarter of 2023 and promising forecasts for 2024, Wix.com ( NASDAQ:WIX ) emerges as a beacon of growth and innovation.
The fourth-quarter results,...
Wix.Com - 30d expiry - We look to Sell a break of 73.78 (stop at 78.78)
Broken out of the channel formation to the downside.
Short term bias has turned negative.
Short term momentum is bearish.
A break of the recent low at 73.92 should result in a further move lower.
Our outlook is bearish.
Our profit targets will be 61.87 and 59.87
Resistance: 80.70 /...
Wix.Com - 30d expiry - We look to Buy at 84.11 (stop at 78.61)
Trading within a Bullish Channel formation.
Trend line support is located at 83.75.
We look to buy dips.
This stock has seen good sales growth.
Expect trading to remain mixed and volatile.
We look for a temporary move lower.
Our profit targets will be 97.61 and 99.61
Resistance: 93.00 /...
After a long time, I feel encouraged to post here again. The truth is that I don't usually use technical analysis, but I can't say that I don't check the charts and trends before making an investment. I'm 90% fundamental investor and 10% technical. I don't invest in a company if the trend is bearish, and I don't sell if the trend is bullish (I learned this with an...
Wix.Com - 16.4. expiry - We look to Sell at 108.87 (stop at 115.37)
Trading within a Corrective Channel formation.
Daily signals are mildly bullish.
The primary trend remains bearish.
The trend of higher highs is located at 109.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to...
Wix is leading the way with a cloud-based website development platform for over 189 million registered users worldwide today. The Wix website builder was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, artists, and...
Wix new price target: $ 404
When: Before Feb 23
Growth: 14.7 %
Buy: YES
There is no clear bottom here, but the Stoch is showing some strength signal, if this is the bottom, then expect these results to happen...
Trade at your own risks
WIX Performed well in the last 5 years, and shows a strong bullish move.
Daily Chart - The Whole Picture (Line):
Since March 2020, WIX Moved rapidly from Trading zone 1, to Trading Zone 2, by single print move:
The Buyers took the price up into New Trading Zone which shows signs of weakness - clear picture of Supply expansion.
When reached the new...
The high level of demand for Wix's solutions and the resulting rapid revenue growth are impressive, but so is the strong cash flow the tech company is generating. The company currently expects total 2020 free cash flow to be between $122 to $127 million.
Zooming out over the past five years, Wix's annual free cash flow has risen from $14 million in 2015 to $127...
