Will ZIM Stock Break Above $10?
The post Will ZIM Stock Break Above $10? appeared on BitcoinEthereumNews.com. ZIM stock price is facing strong bearish pressure on the daily technical charts, as it is below the 100 and 200-day EMAs. The stock has failed to break above its key resistance levels near the EMAs in the past few months, despite several attempts by the buyers. The stock is currently trading near $9.76, with a marginal gain of 6.9% in the intraday session. The stock has a potential upside target of $15, but it needs to overcome the bearish momentum and surge above the 200-day EMA. The stock has a support level of $9.00, which could prevent further downside. ZIM price prediction suggests that the stock is in the firm grip of the bears and needs to show signs of a reversal before confirming a bullish trend. The technical indicators favor the bears projecting a pessimistic perspective for the buyers. RSI and stochastic RSI oscillator are moving near the overbought zone whereas the major EMA lines are acting as barrier points for ZIM Integrated stock price. Technical Analysis of ZIM Stock Price in 1-D Time Frame Source: ZIM.1D.NYSE by TradingView ZIM stock (NYSE: ZIM Integrated) is trading under the 50 and 200-day daily moving averages (DMAs), which are not upholding the price trend. The current value of RSI is 39.99 points. The 14 SMA is above the median line at 31.94 points, indicating that the ZIM stock price is bearish. The MACD line at -0.6269 and the signal line at -0.6416 are below the zero line. A bearish crossover is observed in the MACD which signals more bearishness for the ZIM Integrated stock price. Weekly-Time Horizon Analysis The weekly charts of ZIM stock price reveal that the sellers have been dominant. The stock has been on a downward trend, as it has broken below the key EMAs. The technical…
The post Will ZIM Stock Break Above $10? appeared on BitcoinEthereumNews.com.
ZIM stock price is facing strong bearish pressure on the daily technical charts, as it is below the 100 and 200-day EMAs. The stock has failed to break above its key resistance levels near the EMAs in the past few months, despite several attempts by the buyers. The stock is currently trading near $9.76, with a marginal gain of 6.9% in the intraday session. The stock has a potential upside target of $15, but it needs to overcome the bearish momentum and surge above the 200-day EMA. The stock has a support level of $9.00, which could prevent further downside. ZIM price prediction suggests that the stock is in the firm grip of the bears and needs to show signs of a reversal before confirming a bullish trend. The technical indicators favor the bears projecting a pessimistic perspective for the buyers. RSI and stochastic RSI oscillator are moving near the overbought zone whereas the major EMA lines are acting as barrier points for ZIM Integrated stock price. Technical Analysis of ZIM Stock Price in 1-D Time Frame Source: ZIM.1D.NYSE by TradingView ZIM stock (NYSE: ZIM Integrated) is trading under the 50 and 200-day daily moving averages (DMAs), which are not upholding the price trend. The current value of RSI is 39.99 points. The 14 SMA is above the median line at 31.94 points, indicating that the ZIM stock price is bearish. The MACD line at -0.6269 and the signal line at -0.6416 are below the zero line. A bearish crossover is observed in the MACD which signals more bearishness for the ZIM Integrated stock price. Weekly-Time Horizon Analysis The weekly charts of ZIM stock price reveal that the sellers have been dominant. The stock has been on a downward trend, as it has broken below the key EMAs. The technical…
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