WIX Technical Analysis - WIX.COM LTD

Technical Rating and Analysis

Taking everything into account, WIX scores 1 out of 10 in our technical rating. WIX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, WIX is a bad performer in the overall market: 84% of all stocks are doing better.

WIX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month WIX has a been trading in the 137.30 - 190.93 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

WIX has an average volume of 1986810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

WIX is part of the IT Services industry. There are 86 other stocks in this industry, WIX did better than 43% of them.

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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

The technical rating of WIX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

118.63

191.51

2 important support areas can be observed.

Support @122.84 from a horizontal line in the weekly time frame.
Support @119.83 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

Resistance @177.08 from a trend line in the weekly time frame.
A resistance zone ranging from 180.02 to 182.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @189.61 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The short term trend for WIX is down.
ChartMill Relative Strength	16.02	NEGATIVE	WIX has a low relative strength, it was outperformed by 83.98% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WIX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WIX is below a declining 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)	32.85	NEUTRAL	The RSI value for WIX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-5.66	NEGATIVE	The MACD value suggests WIX has a negative trend.
Stochastics (14,3)	5.92	OVERSOLD	The low Stochastics value suggests WIX may be oversold.
Average True Range in percent/ATR (20)	6.36	HIGH VOLATILITY	The high ATR as a percentage value for WIX suggests high volalility.
Average Directional Index/ADX (14)	38.53	POSITIVE	The high ADX value value for WIX suggests a strong trend.