ZIM INTEGRATED SHIPPING SERV (ZIM) Stock Technical Analysis
NYSE:ZIM • IL0065100930
Taking everything into account, ZIM scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ZIM has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- ZIM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- ZIM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- ZIM has an average volume of 4441290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that ZIM is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- ZIM is part of the Marine Transportation industry. There are 35 other stocks in this industry, ZIM did better than 52% of them.
Besides having an excellent technical rating, ZIM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 28.88. Right above this resistance zone may be a good entry point.
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When analyzing the support we can see 5 important areas.
- Support @22.62 from a trend line in the weekly time frame.
- Support @21.91 from a trend line in the daily time frame.
- Support @21.03 from a trend line in the daily time frame.
- Support @15.36 from a horizontal line in the daily time frame.
- Support @12.52 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.88 to 29.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for ZIM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZIM is up. |
| ChartMill Relative Strength | 88.93 | POSITIVE | ZIM has a high relative strength, it outperformed 88.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZIM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZIM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZIM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.79 | OVERBOUGHT | The high RSI value suggests ZIM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests ZIM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.14 | OVERBOUGHT | The high Stochastics value suggests ZIM may be overbought. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for ZIM suggests some volalility. |
| Average Directional Index/ADX (14) | 40.93 | POSITIVE | The high ADX value value for ZIM suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.28 | 27.57 | 1.71 (5.84%) | 17.12% |
| An entry @29.28. This is a Buy Stop order right above the resistance zone. | An exit @27.57. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.71 points, which is 5.84%. | For a 1.00% total portfolio risk, you can invest 17.12% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ZIM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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ZIM INTEGRATED SHIPPING SERV / ZIM FAQ
Can you provide the ChartMill technical rating for ZIM INTEGRATED SHIPPING SERV?
ChartMill assigns a technical rating of 9 / 10 to ZIM.
What is the trend direction for ZIM stock?
The current trend direction for ZIM INTEGRATED SHIPPING SERV (ZIM) is Bullish.
What is the RSI signal for ZIM INTEGRATED SHIPPING SERV (ZIM) stock?
ZIM INTEGRATED SHIPPING SERV (ZIM) has an RSI value of 71.7946. This indicates that the stock is currently overbought.
What is the short term momentum for ZIM stock?
The short term momentum for ZIM INTEGRATED SHIPPING SERV (ZIM) is positive.
What is the buy/sell signal for ZIM INTEGRATED SHIPPING SERV (ZIM) stock?
The buy/sell signal for ZIM INTEGRATED SHIPPING SERV (ZIM) is buy as both the short term and long term trends are positive.