WIX Technical Analysis - WIX.COM LTD

Technical Rating and Analysis

Overall WIX gets a technical rating of 7 out of 10. WIX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month WIX has a been trading in the 123.00 - 175.86 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

WIX has an average volume of 1531840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, WIX outperforms 55% of them, which is more or less in line with the market.

WIX is an average performer in the IT Services industry, it outperforms 56% of 86 stocks in the same industry.

WIX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WIX is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although WIX has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

118.63

177.64

We found 3 important support areas.

A support zone ranging from 170.86 to 171.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @125.73 from a trend line in the weekly time frame.
Support @119.83 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for WIX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for WIX is up.
ChartMill Relative Strength	55.78	NEUTRAL	WIX is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of WIX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of WIX is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WIX is below a declining SMA(200).
Relative Strength Index/RSI (14)	74.46	OVERBOUGHT	The high RSI value suggests WIX may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	4.05	POSITIVE	The MACD value suggests WIX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	94.05	OVERBOUGHT	The high Stochastics value suggests WIX may be overbought.
Average True Range in percent/ATR (20)	3.8	MEDIUM VOLATILITY	The ATR as a percentage value for WIX suggests some volalility.
Average Directional Index/ADX (14)	40.56	POSITIVE	The high ADX value value for WIX suggests a strong trend.