ZIM INTEGRATED SHIPPING SERV (ZIM) Stock Technical Analysis
USA - NYSE:ZIM - IL0065100930 - Common Stock
We assign a technical rating of 6 out of 10 to ZIM. ZIM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
ZIM has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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12.39
When analyzing the support we can see 4 important areas.
- Support @15.70 from a trend line in the daily time frame.
- A support zone ranging from 15.41 to 15.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.35 to 14.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.52 to 12.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.76 to 17.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.56 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for ZIM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZIM is up. |
| ChartMill Relative Strength | 35.03 | NEUTRAL | ZIM is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ZIM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.71 | NEUTRAL | The RSI value for ZIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ZIM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.08 | NEUTRAL | The Stochastics value for ZIM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.83 | MEDIUM VOLATILITY | The ATR as a percentage value for ZIM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.29 | NEUTRAL | The ADX value for ZIM suggests a possible start of a new trend. |
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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 6 / 10 to ZIM.
What is the current trend direction of ZIM INTEGRATED SHIPPING SERV (ZIM) stock?
The current trend direction for ZIM INTEGRATED SHIPPING SERV (ZIM) is Bearish.
What is the RSI signal for ZIM INTEGRATED SHIPPING SERV (ZIM) stock?
ZIM INTEGRATED SHIPPING SERV (ZIM) has an RSI value of 67.7139. This indicates that the stock is currently neutral.
What is the MACD signal for ZIM stock?
The MACD indicator for ZIM INTEGRATED SHIPPING SERV (ZIM) has a value of 0.16828, indicating a bearish trend.
Can you provide the short term momentum for ZIM INTEGRATED SHIPPING SERV?
The short term momentum for ZIM INTEGRATED SHIPPING SERV (ZIM) is positive.