14-day Premium Trial Subscription Sign Up For FreeGet Free

No Pain, No Gain.Week 21 On Stock Market Click to watch.

Red day on Wednesday for ZIM Integrated Shipping Services Ltd.

StockInvest.us, 1 month ago

StockInvest.us

The ZIM Integrated Shipping Services Ltd. stock price fell by -4.20% on the last day (Wednesday, 6th Apr 2022) from $61.85 to $59.25. and has now fallen 7 days in a row. During the day the stock fluctuated 8.55% from a day low at $56.61 to a day high of $61.45. The price has fallen in 8 of the last 10 days and is down by -22.08% for this period. Volume has increased on the last day by 624 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 million shares were bought and sold for approximately $550.79 million.

Jefferies is very positive about ZIM and gave it a "$100.00 - $120.00" rating on Mar 10, 2022. The price target was set to 76.77+2.17.Over the last 30 days, this security got 1 buy, 0 sell, and 0 hold ratings.

Given the current short-term trend, the stock is expected to rise 20.16% during the next 3 months and, with a 90% probability hold a price between $71.19 and $111.07 at the end of this 3-month period.

ZIM Integrated Shipping Services Ltd.

There are few to no technical positive signals at the moment. The ZIM Integrated Shipping Services Ltd. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $68.46 and $73.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 16, 2022, and so far it has fallen -33.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

ZIM Integrated Shipping Services Ltd. finds support from accumulated volume at $58.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.84 between high and low, or 8.55%. For the last week, the stock has had a daily average volatility of 6.66%.

ZIM Integrated Shipping Services Ltd. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

The ZIM Integrated Shipping Services Ltd. stock holds several negative signals and despite the positive trend, we believe ZIM Integrated Shipping Services Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Check full ZIM Integrated Shipping Services Ltd. forecast and analysis here.