WIX Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WIX prior to the earnings report this week,
I would consider purchasing the 175usd strike price Puts with
an expiration date of 2024-12-20,
for a premium of approximately $10.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WIX
Wix.com partners with Google to resell generative AI toolsWix.com Ltd., known for its website-building solutions, has announced a landmark partnership with Google. This collaboration positions it as the first third-party reseller of Google's new Gemini generative artificial intelligence (AI) technology integrated into Google Workspace. This strategic move will potentially revolutionise how users interact with digital content creation tools within Google's ecosystem.
Additionally, Wix launched its own generative AI technology in July 2024. This technology is tailored to generate blog topics and craft nearly complete content across various subjects. Wix anticipates that its AI tool will complement its existing website-building services, particularly benefiting long-standing websites seeking to refresh or expand their content dynamically.
Technical analysis of Wix.com Ltd. (NASDAQ: WIX)
Exploring potential trading opportunities based on the current technical setup of Wix's stock:
Timeframe : Daily (D1)
Current trend : the stock is in an uptrend, maintaining its momentum even after a significant correction on Monday
Resistance level : 159.70 USD
Support level : 141.75 USD
Potential downtrend target : should the trend reverse, the downside target could be set at 119.05 USD
Short-term target : if the uptrend continues and the stock breaks through the resistance at 159.70 USD, a short-term target could be 178.50 USD
Medium-term target : with sustained upward momentum, the stock price might aim for 205.00 USD
Wix.com's new role as a reseller of artificial intelligence tools and a Google partner will not only expand Wix's product offering but also strengthen its position in the competitive digital content and website creation market. The potential for increased demand for Wix's services, fuelled by its innovative artificial intelligence solutions, could be reflected in its share price.
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Wix Reports Q1 2024 Results stock up 9% in Premarket Trading Wix.com ( NASDAQ:WIX ) reported a 9% increase in Q1 2024 results, with a record increase to the FCF outlook driven by Q1 outperformance and expected 2H bookings acceleration. The company now anticipates a 26% FCF margin in FY2024, one year ahead of plan and within clear sight of hitting the Rule of 40 milestone. Total bookings of $457.3 million increased by 10% YoY, driven by reacceleration of Creative Subscriptions growth. Total revenue of $419.8 million exceeded expectations, up 12% YoY, driven by continued momentum in the Partners business.
Robust top-line growth coupled with a stable optimized cost structure drove a record FCF1 margin of 26% in the most recent quarter. GAAP operating income of $9.7 million marks the second consecutive quarter of GAAP operating profit, and positive full year 2024 GAAP operating income is expected.
Wix.com ( NASDAQ:WIX ) expects acceleration of both Self Creators and Partners bookings growth in the second half of 2024, driven by strong traction of expanding AI product suite and Studio. Analysts expect Wix ( NASDAQ:WIX ) to earn $1.05 per share excluding one-time items on revenue of $418 million. Wix ( NASDAQ:WIX ) raised its full year revenue outlook to $1.738-$1.761 billion, for annual growth of up to 13%.
Technical Outlook
Wix.com ( NASDAQ:WIX ) stock is up by 9% on Monday's Premarket Trading with the close of Friday's Relative Strength Index (RSI) at 66.92 which is poised for further growth. Also, the Moving Average Convergence Divergence (MACD) depicts a bullish surge.
Wix.com: Riding the Wave of Digital ExpansionIn 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, announced by the Israeli company, exceeded expectations, reflecting a doubling of earnings per diluted share compared to the previous year. This remarkable achievement was largely attributed to the success of Wix.com's ( NASDAQ:WIX ) new Studio product, a game-changer in advanced website creation. The product's robust performance underscores Wix.com's ( NASDAQ:WIX ) commitment to empowering businesses with cutting-edge tools for online presence development.
Despite global uncertainties, including the conflict in the Middle East, Wix.com ( NASDAQ:WIX ) remains resilient, with negligible impacts on its business operations. This resilience highlights the company's strong foundation and its ability to navigate through challenging geopolitical environments seamlessly.
Key metrics from 2023 paint a picture of sustained growth and user engagement for Wix.com. ( NASDAQ:WIX ) With an 8% increase in registered users, totaling a staggering 263 million, and a substantial rise in premium subscriptions, reaching 6.3 million, Wix.com ( NASDAQ:WIX ) solidifies its position as a preferred platform for website building. Moreover, partnerships with agencies, freelancers, and other collaborators continue to drive revenue, reflecting the diversified revenue streams that underpin Wix.com's ( NASDAQ:WIX ) financial stability.
Looking ahead to 2024, Wix.com ( NASDAQ:WIX ) forecasts a robust revenue growth of 11-13%, projecting revenues between $1.73 to $1.76 billion. The company anticipates significant momentum in the second half of the year, driven by the exponential impact of Studio and its new artificial intelligence (AI) product. CFO Lior Shemesh's optimistic outlook underscores the transformative potential of Studio, positioning it as a primary driver of future growth.
Wix.com's ( NASDAQ:WIX ) proactive approach to shareholder value is evident in its recent share buyback program, signaling confidence in its long-term prospects. With $300 million already allocated for share repurchases and plans for an additional $225 million, Wix.com ( NASDAQ:WIX ) reaffirms its commitment to delivering value to investors.
Market sentiment towards Wix.com ( NASDAQ:WIX ) remains buoyant, with its Nasdaq-listed shares witnessing a steady uptick in 2024 following a remarkable 60% surge in the previous year. This upward trajectory reflects investor confidence in Wix.com's strategic vision, product innovation, and ability to capitalize on emerging market trends.
In conclusion, Wix.com's ( NASDAQ:WIX ) impressive performance in the fourth quarter of 2023, coupled with its optimistic outlook for 2024, positions it as a formidable player in the digital ecosystem. With Studio poised to drive future growth and innovation, Wix.com ( NASDAQ:WIX ) continues to redefine the landscape of online business facilitation, empowering entrepreneurs worldwide to realize their digital aspirations.
WIX Options Ahead of EarningsAnalyzing the options chain of WIX prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $1.70
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
WIX broke down from a corrective channel.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 / 85.20 / 87.00
Support: 78.00 / 73.92 / 70.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
WIX in a bullish channel.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 / 97.00 / 101.55
Support: 88.30 / 84.00 / 80.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
My next trade: Buy opportunity in $WIXAfter 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 investment in Alibaba - and yes, there was also the mistake of political risk). Like many people, I started my investment career with technical analysis at 19 years old, seeking to make 3% profit per trade (fortunately, I quickly learned that it's imposible to do that with consistency). Today, with a little more time (I'm doing my full-time MBA), I've been encouraged to make short trades based on technical analysis, so I'm sharing my next entry in $WIX.
Entry:
I see an entry opportunity in NASDAQ:WIX at price levels of 85. Why? Simply, the channel is ascending and is close to touching the fifth floor.
Exit:
I would exit at price levels of 105 at the top of the channel, with a potential upside of +20%.
*Remember, this post is not financial advise or a buy/sell recommendation. It's for educational purposes only. Everyone is responsible for their own investments.
Selling WIX in corrective channel.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 fail.
Our profit targets will be 92.87 and 91.87
Resistance: 91.50 / 95.00 / 98.00
Support: 87.00 / 84.00 / 80.76
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
WIX: Bear market rally?Wix.Com
Short Term - We look to Buy at 65.69 (stop at 58.33)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher lows is located at 60.00. A weaker opening is expected to challenge bullish resolve. Support is located at 65.00 and should stem dips to this area. Preferred trade is to buy on dips.
Our profit targets will be 84.99 and 92.00
Resistance: 85.00 / 110.00 / 200.00
Support: 65.00 / 53.00 / 34.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
WIX -WW- Potential Dual BreakoutNASDAQ:WIX
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All,
Been AFK for quite a while didn't trade much since December just converted to cash after a few medium L's around Jan.
**I think an obvious disclaimer here is this is contingent on the market/war/fed data not being bad after this. Too fragile right now.
On this one I think we have a really good Supply/Demand area and possible breakout. Pretty decent fundamentals overall. I would be looking mainly for an options play w/ cover or just stock.
OPTION #1 --- BREAKOUT
**Only would take trade on retest of breakout.
Target 1: 110
Target 2: 122
Target 3: 134 unlikely without news/huge market news.
OPTION #2 --- WEDGE PLAY
Assuming breakout fails and it may. I am going to most likely buy the bottom of the wedge/triangle seeing as its a pretty great spot for demand.
Wix.com Ltd (NASDAQ: $WIX) Ready To Rumble Today 🥊Wix.com Ltd, together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs; and Corvid by Wix to create websites and web applications. It also provides Ascend by Wix, which offers its users access to a suite of approximately 20 products or features enabling them to connect with their customers, automate their work, and grow their business; Wix Logo Maker that allows users to generate a logo using artificial intelligence; Wix Answers, a support infrastructure enabling its users to help their users across various channels; and Wix Payments, a payment platform, which helps its users receive payments from their users 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. Further, it provides a range of complementary services, including App Market that offers its registered users the ability to install and uninstall a range of free and paid web applications; Wix Arena, an online marketplace that brings users seeking help in creating and managing a website, together with Web experts; and Wix App, a native mobile application, which enables users to manage their Websites and Wix operating systems. As of December 31, 2019, the company had approximately 165 million registered users and 4.5 million premium subscriptions. The company was formerly known as Wixpress Ltd. Wix.com Ltd. was founded in 2006 and is headquartered in Tel Aviv, Israel.
$WIXWix 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 individuals to take their businesses, brands and workflow online
Wix stock fell $10.00, accounting for a 4.30% decrease.
Wix opened at $195.50 before trading between $196.05 and $187.30 throughout Fridays session.
The activity saw Wix.com’s market cap fall to $10,862,661,721 on 590,448 shares above their 30-day average of 551,512.
Wix has been falling since it’s last earnings report.
I think there’s a good opportunity here but there’s a lot more other stocks with bigger potential for me.
I think we could see a possible 34% upside for WIX.
I’ve had quite a few questions on this trade but I’m really not interested until price falls to previous resistance or the 200 day moving average on the weekly chart.
Price is looking very bearish on the higher timeframes.
MACD below -20.00
RSI coming towards oversold area
Keep this on your watchlist.
- Factor Four
WIX bull flag still gaining tractionWIX came out with knock out earnings and formed a clear bull flag on the daily charts. The buy point on WIX for me is 354. I was triggered into the trade last Friday but the pattern still looks good and is still making higher lows. IF volume can push this name higher the first level of profit taking is around 365.
The level of consistency for bull flags increases if that bull flag was formed from earnings. meaning if you get a earning bull flag the trade is more to continue higher.