ZIM Shipping Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for ZIM Shipping stock price after Friday trading.
(Updated on May 03, 2024)
The ZIM Shipping stock price gained 2.88% on the last trading day (Friday, 3rd May 2024), rising from $12.52 to $12.88. During the last trading day the stock fluctuated 2.70% from a day low at $12.61 to a day high of $12.95. The price has risen in 6 of the last 10 days and is up by 26.65% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately $33.42 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $13.33 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.03% during the next 3 months and, with a 90% probability hold a price between $8.12 and $12.39 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ZIM Signals & Forecast
The ZIM Shipping stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.81 and $10.80. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -3.59%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ZIM Shipping stock
On the downside, the stock finds support just below today's level from accumulated volume at $12.21 and $10.07. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ZIM Shipping finds support just below today's level at $12.21. If this is broken, then the next support from accumulated volume will be at $10.07 and $9.78.
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 $0.340 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 5.07%.
Our recommended stop-loss: $12.32 (-4.35%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ZIM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ZIM Integrated Shipping Services Ltd. to open at $12.81, and during the day (based on 14 day Average True Range), to move between $12.22 and $13.54, which gives a possible trading interval of +/-$0.659 (+/-5.11%) 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 10.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.18 (2.33%) than the support at $12.21 (5.20%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.455 Buy Candidate Upgraded
Predicted Opening Price for ZIM Integrated Shipping Services Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $12.81 ( 0.518%) | $12.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZIM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.15 | 2.12 % | |
| R2 | 13.02 | 1.11 % | ||
| R1 | 12.94 | 0.491 % | ||
| Current price: | 12.88 | |||
| Support | S1 | 12.68 | -1.53 % | |
| S2 | 12.60 | -2.15 % | ||
| S3 | 12.47 | -3.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.25 | 2.87 % | |
| R2 | 13.22 | 2.64 % | ||
| R1 | 13.18 | 2.33 % | ||
| Current price | 12.88 | |||
| Support | S1 | 12.21 | -5.20% | |
| S2 | 10.07 | -21.82% | ||
| S3 | 9.78 | -24.07% |
ZIM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2023 | Apr 04, 2023 | Apr 03, 2023 | $6.40 | 27.27% |
| 2 | Nov 16, 2022 | Nov 28, 2022 | Dec 07, 2022 | $2.95 | 16.68% |
| 3 | Aug 18, 2022 | Aug 26, 2022 | Sep 08, 2022 | $4.75 | 15.10% |
| 4 | May 18, 2022 | May 27, 2022 | Jun 08, 2022 | $2.85 | 4.88% |
| 5 | Mar 09, 2022 | Mar 22, 2022 | Apr 04, 2022 | $17.00 | 25.31% |
FAQ
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