ZIM Shipping Stock Forecast

Sell candidate since Nov 25, 2024 Loss -12.14%

No changes to the price of ZIM Shipping stock on the last trading day (Wednesday, 4th Dec 2024). During the last trading day the stock fluctuated 3.69% from a day low at $19.11 to a day high of $19.82. The price has fallen in 7 of the last 10 days and is down by -27.05% for this period.

Given the current short-term trend, the stock is expected to rise 23.24% during the next 3 months and, with a 90% probability hold a price between $24.08 and $34.20 at the end of this 3-month period.

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ZIM Signals & Forecast

There are few to no technical positive signals at the moment. The ZIM Shipping 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 $20.91 and $23.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 20, 2024, and so far it has fallen -27.64%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for ZIM Shipping stock

ZIM Shipping finds support from accumulated volume at $18.95 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 $0.705 between high and low, or 3.69%. For the last week, the stock has had daily average volatility of 6.23%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ZIM) For The Upcoming Trading Day Of Thursday 5th

For the upcoming trading day on Thursday, 5th we expect ZIM Integrated Shipping Services Ltd. to open at $19.49, and during the day (based on 14 day Average True Range), to move between $17.95 and $21.13, which gives a possible trading interval of +/-$1.59 (+/-8.14%) up or down from last closing price. If ZIM Integrated Shipping Services Ltd. takes out the full calculated possible swing range there will be an estimated 16.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.80 (1.33%) than the support at $18.95 (3.02%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ZIM Integrated Shipping Services Ltd. stock A Buy?

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

Current score: -4.392 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 5, 2024 - $19.49 ( 0.264%).