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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ZIM.AX
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Red day on Monday for Zimplats Holdings Limited
(Updated on Jun 17, 2024)

Sell candidate since Jun 14, 2024 Loss -2.30% PDF

The Zimplats Holdings Limited stock price fell by -2.30% on the last day (Monday, 17th Jun 2024) from $16.53 to $16.15. During the last trading day the stock fluctuated 3.06% from a day low at $16.01 to a day high of $16.50. The price has fallen in 5 of the last 10 days and is down by -6.05% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 10 thousand shares were bought and sold for approximately $169.30 thousand.

Given the current short-term trend, the stock is expected to fall -2.90% during the next 3 months and, with a 90% probability hold a price between $15.68 and $17.66 at the end of this 3-month period.

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ZIM.AX Signals & Forecast

There are few to no technical positive signals at the moment. The Zimplats Holdings Limited 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 $16.84 and $16.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -13.17%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Zimplats Holdings Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.490 between high and low, or 3.06%. For the last week the stock has had daily average volatility of 2.14%

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

Trading Expectations (ZIM.AX) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Zimplats Holdings Limited to open at $16.22, and during the day (based on 14 day Average True Range), to move between $15.81 and $16.49, which gives a possible trading interval of +/-$0.340 (+/-2.11%) up or down from last closing price. If Zimplats Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $16.94, some $0.790 (4.89%) from the current price of $16.15, our system finds the risk reward not very attractive.

Is Zimplats Holdings Limited stock A Buy?

Zimplats Holdings Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.931 Sell Candidate Unchanged

Predicted Opening Price for Zimplats Holdings Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
$16.22 ( 0.433%) $16.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ZIM.AX

Fibonacci Support & Resistance Levels

Level Price
R3 16.71 3.47%
R2 16.52 2.31%
R1 16.41 1.59%
Price 16.15
S1 16.03 -0.726%
S2 15.92 -1.44%
S3 15.73 -2.60%

Accumulated Volume Support & Resistance Levels

Level Price
R3 18.60 15.17%
R2 17.10 5.88%
R1 16.94 4.89%
Price 16.15
S1 0 -
S2 0 -
S3 0 -

ZIM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 01, 2023 Sep 01, 2023 Sep 01, 2023 $1.45 6.01%
2 Feb 20, 2023 Feb 20, 2023 Feb 20, 2023 $1.36 4.72%
3 Aug 19, 2022 Aug 19, 2022 Aug 19, 2022 $1.60 5.57%
4 Feb 18, 2022 Feb 18, 2022 Feb 18, 2022 $1.54 5.91%
5 Aug 19, 2021 Aug 19, 2021 Aug 19, 2021 $1.09 4.76%

FAQ

What is the symbol for Zimplats Holdings Limited Stock and on which exchange is it traded?
The symbol for Zimplats Holdings Limited is ZIM.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Zimplats Holdings Limited Stock?
Zimplats Holdings Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Zimplats Holdings Limited Stock?
Zimplats Holdings Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Zimplats Holdings Limited Stock.

What's the current price of Zimplats Holdings Limited Stock?
As of the end of day on the Jun 17, 2024, the price of an Zimplats Holdings Limited (ZIM.AX) share was $16.15.

What is the 52-week high and low for Zimplats Holdings Limited Stock?
The 52-week high for Zimplats Holdings Limited Stock is $26.82 and the 52-week low is $15.99.

What is the market capitalization of Zimplats Holdings Limited Stock?
As of the Jun 17, 2024, the market capitalization of Zimplats Holdings Limited is 1.738B.

When is the next earnings date for Zimplats Holdings Limited?
The upcoming earnings date for Zimplats Holdings Limited is Aug 27, 2024.
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About Zimplats Holdings Limited

Zimplats Holdings Limited Zimplats Holdings Limited, together with its subsidiaries, engages in the production of platinum and associated metals mined from the Great Dyke in Zimbabwe. The company produces platinum, palladium, rhodium, iridium, and ruthenium, as well as nickel, gold, copper, cobalt, and silver deposits. It operates mines in Ngezi. The company was incorporated in 1998 and is based in Saint Peter Port, Guernsey. Zimplats Holdings Limited is a subsidiary of I... ZIM.AX Profile

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