Wix (Brazil) Technical Analysis

W1IX34 Stock  BRL 21.72  0.06  0.28%   
As of the 24th of April, Wix maintains the Downside Deviation of 2.29, mean deviation of 0.9616, and Market Risk Adjusted Performance of 0.3422. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Wix, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Wix, which can be compared to its peers. Please check out Wix variance, maximum drawdown, and the relationship between the coefficient of variation and jensen alpha to decide if Wix is priced fairly, providing market reflects its latest price of 21.72 per share.

Wix Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Wix, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Wix
  
Wix's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Wix technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Wix technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Wix trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Wix Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Wix volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Wix Trend Analysis

Use this graph to draw trend lines for Wix. You can use it to identify possible trend reversals for Wix as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Wix price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Wix Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Wix applied against its price change over selected period. The best fit line has a slop of   0.02  , which means Wix will continue generating value for investors. It has 122 observation points and a regression sum of squares at 22.09, which is the sum of squared deviations for the predicted Wix price change compared to its average price change.

About Wix Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Wix on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Wix based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Wix price pattern first instead of the macroeconomic environment surrounding Wix. By analyzing Wix's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Wix's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Wix specific price patterns or momentum indicators. Please read more on our technical analysis page.

Wix April 24, 2024 Technical Indicators

Most technical analysis of Wix help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Wix from various momentum indicators to cycle indicators. When you analyze Wix charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wix. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Wix information on this page should be used as a complementary analysis to other Wix's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Wix Stock analysis

When running Wix's price analysis, check to measure Wix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wix is operating at the current time. Most of Wix's value examination focuses on studying past and present price action to predict the probability of Wix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wix's price. Additionally, you may evaluate how the addition of Wix to your portfolios can decrease your overall portfolio volatility.
Commodity Directory
Find actively traded commodities issued by global exchanges
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Stocks Directory
Find actively traded stocks across global markets
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Please note, there is a significant difference between Wix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.