WIX.COM - Daily - Technical analysis published on 11/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 133.40 USD
My targets
125.83 USD (-0.63%)
119.70 USD (-5.47%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 133.40 USD remains possible. It is advisable to trade WIX.COM with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 133.40 USD. The next bearish objective for sellers is set at 125.83 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 119.70 USD. In case of crossing, the next objective would be the support located at 114.19 USD. PS: if there is a bullish break in the resistance located at 133.40 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WIX.COM rating 126.63 USD. On the day, this instrument lost -2.87% and was between 125.82 USD and 130.13 USD. This implies that the price is at +0.64% from its lowest and at -2.69% from its highest.125.82
130.13
126.63
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WIX.COM in Daily shows an overall bearish trend. 75% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 114.19 | 119.70 | 125.83 | 126.63 | 133.40 | 139.51 | 145.73 |
| Change (%) | -9.82% | -5.47% | -0.63% | - | +5.35% | +10.17% | +15.08% |
| Change | -12.44 | -6.93 | -0.80 | - | +6.77 | +12.88 | +19.10 |
| Level | Major | Intermediate | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 117.73 | 120.45 | 125.41 | 128.13 | 133.09 | 135.81 | 140.77 |
| Camarilla | 128.26 | 128.96 | 129.67 | 130.37 | 131.07 | 131.78 | 132.48 |
| Woodie | 118.85 | 121.01 | 126.53 | 128.69 | 134.21 | 136.37 | 141.89 |
| Fibonacci | 120.45 | 123.38 | 125.20 | 128.13 | 131.06 | 132.88 | 135.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.70 | 116.88 | 123.62 | 129.80 | 136.55 | 142.73 | 149.47 |
| Camarilla | 126.82 | 128.00 | 129.19 | 130.37 | 131.56 | 132.74 | 133.92 |
| Woodie | 110.98 | 117.02 | 123.91 | 129.94 | 136.83 | 142.87 | 149.76 |
| Fibonacci | 116.88 | 121.81 | 124.86 | 129.80 | 134.74 | 137.79 | 142.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.89 | 104.74 | 113.41 | 120.26 | 128.93 | 135.78 | 144.45 |
| Camarilla | 117.80 | 119.23 | 120.65 | 122.07 | 123.49 | 124.92 | 126.34 |
| Woodie | 98.79 | 105.20 | 114.31 | 120.72 | 129.83 | 136.24 | 145.35 |
| Fibonacci | 104.74 | 110.67 | 114.34 | 120.26 | 126.19 | 129.86 | 135.78 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.53 | |
| MACD (12,26,9): | 1.5800 | |
| Directional Movement: | 0.28 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 128.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 135.72 | |
| Elder Ray (13): | 0.32 | |
| Super Trend (3,10): | 122.64 | |
| Zig ZAG (10): | 126.63 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 41.55 | |
| TEMA (21): | 130.71 | |
| Williams %R (14): | -65.25 | |
| Chande Momentum Oscillator (20): | 4.56 | |
| Repulse (5,40,3): | 0.7700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 12.40 |
| MA7: | 129.33 | |
| MA20: | 125.39 | |
| MA50: | 123.32 | |
| MA100: | 133.77 | |
| MAexp7: | 128.55 | |
| MAexp20: | 126.68 | |
| MAexp50: | 127.02 | |
| MAexp100: | 129.07 | |
| Price / MA7: | -2.09% | |
| Price / MA20: | +0.99% | |
| Price / MA50: | +2.68% | |
| Price / MA100: | -5.34% | |
| Price / MAexp7: | -1.49% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -1.89% |
News
Don"t forget to follow the news on WIX.COM. At the time of publication of this analysis, the latest news was as follows:
- Wix Reports Third Quarter 2019 Results
- Introducing Wix Fitness: All in One Solution for Fitness Entrepreneurs
- Wix to Present at the 2019 RBC Global Technology, Internet, Media and Telecommunications Conference
- Wix.com to Announce Third Quarter 2019 Results on November 14, 2019
- Wix and NTT Town Page Announce Strategic Partnership to Bring Businesses Online in Japan
This member declared not having a position on this financial instrument or a related financial instrument.
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