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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. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:WIX
by RoboMarkets
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.
NASDAQ:WIXLong
by DEXWireNews
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.
NASDAQ:WIXLong
by DEXWireNews
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.
NASDAQ:WIXShort
by VantageMarkets
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.
NASDAQ:WIXLong
by VantageMarkets
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.
NASDAQ:WIXLong
by AntonioRubio
1
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.
NASDAQ:WIXShort
by VantageMarkets
$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
NASDAQ:WIXLong
by TheBlankFund
WIX tells Bearish StoriesWIX 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 zone, WIX formed a proper Head and Shoulders Pattern, which failed to keep the Neckline clean, and therfore, became unreliable. The former Pattern, evolved into Descending Triangle - Reversal Pattern with Major Trend implications - Which looks very promising. Descending Traingle Requirments : - 2 falling Tops, 2 Flat Bottoms. - The pattern should arrive after Major Bullish trend. - The Breakout should be in a range between 50%-75% of the overall Triangle - The Vertical Yellow Line Represents the 75% border. - The Breakout should be with Low Volume , High Volume Breakout would probably take the price back to the Demand Line (Support). Potential Move: - The Minimum Potential move is equal to the vertical range between the first Top of the traingle to the Demand Line (Support) Pasted from the Demand line downward. In our case, the Minimum Potential is 168.76 (The Dashed Green Line): - The Breakout move should be with the same behavior as the last bullish move before the triangle, in the case of WIX - Vertical Move: Moreover, by streching Fixed Range Volume Profile, we can see the Low Volume Zone clearly: The Stock does not like to be traded inside the mentioned zone. Therefore, the price is expected to slide on this zone like Butter on Hot stone. Conclusion: While the overall market, and especially the Tech Sector, is on unrational euphoric Bullish state - WIX shows very promisng weakness signals, and the picture is completly bearish. Understand: The Indexes are nothing but a mix of stocks. Thus, by finding such strong stocks with a strong weakness signals, we have to be even more cautious about the expected continuation of the Bull Market. By digging into to indexes we can find the dirty stocks which might pull the market down in the future. Entery Signal: Low volume brakeout which make a distance of at least 3% from the Demand line Price. If the breakout will occur with high volume, a retest might be expected. Determine Good Stop Loss point, and take responsibility on your position. Good Luck!
NASDAQ:WIXShort
by Ido_Havazelet
2
WIX support holds!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 million in 2019. It wouldn't be surprising to see this important profitability metric continue improving rapidly.
NASDAQ:WIXLong
by ShukriMahadi
1