ZIM for longbouncing off the 40 average on the weekly chart and in a purchase block located in the 19 area
ZIM trade ideas
ZIM quick trade with a tight stopNYSE:ZIM traded in a range for the past five months and is now ready to march forward. Long to target levels shown on the chart, stoploss daily close below 22.5$
PS. Not financial advice, my view only!
ZIM intergrated shipping china. 24hr potterboxes.ZIM Intergrated shipping china. ticker ZIM. It closed on cost basis as you can see. friday oct 4. Cost basis is the middle line.
$19.01 is cost basis. $16.09 would be a good stop loss for a play to the up side which might just happen because it closed on cost basis. If it opens and goes to the down side. my first target would be around $17.50 second target would be $16.05 third target. if it goes this far will be around $14.40 it should take about
play to the upside would be open on $19.01 and hold that to the upside. first target $19.90 second target $20.16 third target $20.75 and then 21.98 as we should hopefully push thru this litle bit of resistance back in may thru august. well this is my take on the situation. about 15 days on the play. play it as you may. educational purposes only, not sound financial advise. Have a good day.
ZIM Short PositionThe trade signal for ZIM Integrated Shipping Services suggests a short position at $23.57, targeting $19.43 with a stop-loss at $24.61. The resistance at $23.59 has been tested multiple times, making it a strong reversal point. The target is set just above the $16.99 support level to capture profits without risking a full drop, while the risk-reward ratio of 3.94 offers an attractive setup. Recent market fluctuations and concerns in the container shipping sector could fuel a short-term correction, making this a favorable short trade.
ZIM | ZIM Integrated Shipping Good volume in the last two days.
ZIM Integrated Shipping Services Ltd. engages in the provision of shipping and logistics services. It offers shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. The company was founded on June 7, 1945 and is headquartered in Haifa, Israel.
ZIM Stock Soars 16% on Strong Q2 Results and Raised GuidanceZim Integrated Shipping Services Ltd. (NYSE: NYSE:ZIM ) made headlines with a significant surge in its stock price, jumping over 16% in premarket trading following an impressive fiscal second-quarter performance. The Israel-based shipping giant not only surpassed Wall Street expectations but also raised its full-year guidance, signaling continued confidence in its strategic direction despite broader economic concerns.
Strong Q2 Performance Fuels Investor Confidence
In its Q2 earnings report, ZIM posted a net income of $373 million on revenue of $1.93 billion. This translates to earnings per share (EPS) of $3.08, which significantly outperformed analysts’ estimates of $1.92 per share on $1.78 billion in revenue. The strong results were primarily driven by an 11% year-over-year growth in volume, a positive indicator for the company amidst global economic challenges.
ZIM’s quarterly net income of $373 million is particularly noteworthy, considering the company reported a net loss of $213 million in the same quarter last year. This dramatic turnaround highlights the effectiveness of ZIM's strategic initiatives, including cost structure improvements and capacity expansion.
Raised Full-Year Guidance: A Vote of Confidence
One of the key drivers behind ZIM’s stock rally is the company’s decision to raise its full-year guidance. NYSE:ZIM now expects its adjusted EBITDA for 2024 to range between $2.6 billion and $3.0 billion, up from its previous forecast. This upward revision reflects management’s confidence in the company’s market position and strategic execution.
CEO Eli Glickman attributed the success to “outstanding strategic execution,” emphasizing the importance of improving cost structures and expanding capacity. Glickman also highlighted positive demand trends and ongoing supply pressures stemming from geopolitical issues, such as the Red Sea crisis, which are expected to bolster the company’s performance in the second half of the year.
Adding to investor optimism, NYSE:ZIM announced a dividend of 93 cents per share, representing a 48% year-over-year increase in revenue. This move underscores the company’s commitment to returning capital to shareholders.
Technical Analysis: Momentum and Caution
ZIM's stock has gained significant momentum, with the recent earnings report serving as a catalyst for a sharp price increase. Prior to the earnings release, ZIM’s stock had dropped 8% from its year-to-date high, but strong Q2 results have rekindled investor interest. Currently, ZIM stock is up 19% and has a bullish Relative Strength Index (RSI) of 69.68, nearing overbought territory.
The daily price chart shows a gap-up pattern that may be filled in upcoming trading sessions.
The stock's 50-day moving average price is currently at $1.30, while the 200-day moving average stands at $1.49. The stock’s recent surge has pushed it above both moving averages, a bullish signal that indicates potential for further upside.
However, it’s important to note that ZIM's stock remains volatile, with significant swings in response to market news. While the stock’s RSI (Relative Strength Index) is not yet in overbought territory, investors should remain cautious as the stock approaches key resistance levels. The current beta of 1.78 also suggests that the stock is more volatile than the broader market, making it susceptible to larger-than-average price movements.
Is It Too Late to Invest in ZIM?
Despite the recent rally, the investment community remains divided on ZIM’s long-term prospects. Before the earnings release, Wall Street had a consensus “hold” rating on the stock, with an average price target just above $18, indicating a potential downside of nearly 17% from current levels. However, with the stock now trading at $23.77, some analysts see room for further gains, particularly if the company continues to execute its strategic initiatives effectively.
ZIM's raised guidance and strong Q2 performance have certainly reinvigorated investor confidence. However, with economic uncertainties still looming, potential investors should carefully weigh the risks before jumping in.
Conclusion: A Promising but Volatile Investment
ZIM Integrated Shipping Services Ltd. has delivered a strong second quarter, highlighted by impressive earnings, raised guidance, and strategic execution. While the stock’s recent surge is promising, it also reflects the inherent volatility and risks associated with the shipping industry and the broader market. Investors should consider both the technical indicators and fundamental strengths before making any investment decisions.
Anticipating a Low in ZIM, Headed Higher Through 24Anticipating the completion of wave {iv} of 3 before ZIM continues its journey higher through 23.78 and towards the 30-40 range in wave {v} of 3.
Current price levels make a good candidate for a bottom for wave {iv} of 3. Ideal Fibonacci proportion exists where wave {iv} of 3 equals 0.382 the distance of wave {iii} of 3 and wave (c) of {iv} equals wave (a) of {iv} around the bottom of the wave {iv} of 3 corrective channel at 16.80-17.00.
The guideline of alternation also comes into play between the corrective waves {ii} and {iv}. The guideline of alternation states that within an impulse wave, when wave two occurs as a sharp correction (zigzag, double/triple zigzag), expect wave four to develop as a sideways correction (flat, triangle, or combination). Here we can see that wave {ii} has developed as a zigzag and now wave {iv} appears to be developing as a flat, textbook wave behavior.
If price has any lower to go, it should be contained by the wave {i}-{ii} base channel around 14.50-15.00 and ultimately should not violate the wave {i} high of 11.50 as that would invalidate the pattern.
An impulsive reversal through 18.54 would be the first step to confirming that wave {iv} of 3 is complete and wave {v} of 3 is in progress towards and through 23.78.
ZIMTook off the table 50% of my position. First asset in the portfolio, that delivered such a move. A good start.
This was a great entry from the 1-2 1-2 fractal from both EWA structure and a simple breakout TA approach.
World Container Index Rises Drewry’s World Container Index inched up 1% to $5,901 per 40ft container this week. The Index was at $2, 846 at the beginning of Q2. Revenue should be substantially higher in Q2 and will also likely mean a continuation in Q3.
ZIM Integrated Shipping Services Options Ahead of EarningsIf you haven`t sold ZIM before the previous earnings:
Then analyzing the options chain and the chart patterns of ZIM Integrated Shipping Service prior to the earnings report this week,
I would consider purchasing the 17.5usd strike price in the money Calls with
an expiration date of 2024-10-18,
for a premium of approximately $3.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ZIM - Classic B Wave SetupPenny Man Here lads.
As you know, CitiGroup downgraded ZIM to a sell rating, causing price to cascade in a massive onslaught closing almost 20% down in a single trading day. Looking for a B-Wave setup,.
NOT going long on the expected come-up for the B wave.
I do plan on buying some short-term puts that are OTM. Probably give them 1-2 weeks time with the strike price at the bottom of the initial A wave ($19.00)
Monitoring it as it goes for Monday!
ZIM | Starting to Look for Entry pointsZIM Integrated Shipping Services Ltd. engages in the provision of shipping and logistics services. It offers shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. The company was founded on June 7, 1945 and is headquartered in Haifa, Israel.
$ZIM Long Entry for Q3My last ZIM post in Jan is currently up 100% from $10 and currently sitting at $21 so why post a new entry? Because of ZIM ZEX www.zim.com
ZIM had a bad Q2 but covered enough ground to bring back the dividend, which only adds to this long-term position but if you missed that is why I am posting.
The freight market has changed over the last 3 weeks from shippers looking for the cheapest possible rate to not being able to find capacity at 200% higher rates. With that said the carriers all announced premium rates, which I could go on and on about but in short premium rates are an offer of some level for guaranteed service at a rate much higher than the current market rate. (MSC Diamond tier service, ZIM ZEX, YML premium, etc.) The reason this is so important is the carriers are governed by the FMC to announce increases to rates 30 days in advance through "GRI" or "PSS" increases... these premium service offerings circumvent the FMC as they are only used by someone who "wants" aka needs to get their freight. Long story long.. the carriers are about to see covid style profits using the same game plan they implemented in 2021/2022 where ZIM saw a high of $90+
I am not saying it will go that high again but what I can say is that the market has shifted and for the time being the trend is supporting shippers needing to use the premiums, which are 100% higher than the market rate and the market rate is 200% higher than where it was when ZIM was $10/share.
As always in my posts here I try to cover the tenets of my strategy so here is what I am thinking on all points.
Price: The price has already ran up over 100% in the last quarter so it is definitely over-extended and likely due for a pullback but as you can see from 2021-2022 it can go extended for a long time before pulling back. That said, any dips are for me buying and will be adding to my position until the market changes.
Timeline: I will post here if the market shifts but I think ZIM sees a huge Q3 and probably Q4 but will be watching for liquidity issues and election sway for exiting this one.
Indicators: As I mentioned the price is up almost 200% from the low in Q4-2023 so the daily is over-extended on MACD and RSI but weekly and monthly look great so HTF it could just keep going. The responsible thing to do is look for a dip to key level ($15, $20, etc) but I will continue to layer into the position until something changes in the industry.
Macro: Liquidity strains due to tax season are over and
- Treasury buybacks
- QT taper
- Powell dovish AF
- Domestic liquidity tax drag mostly over
- Global liquidity looking positive BOJ/PBOC/ECB/etc.
Other trades: as freight rates rise, carrier profitability rises, and is a leading indicator for US domestic trucking which has been in a recession for 12 + months. There will be value in strong trucking stocks for Q3 and Q4 and when we exit ZIM it will be a sign to get ready to exit those. Will post any good ones I find here.
ZIM - Setting Up NicelyShipping stocks been in favour recently.
ZIM is setting up nicely, I would like it to rest for this week and early next week would love to a break on huge volume. It is being bought up on any down bars.
Might happen today as well so keenly monitoring this stock.
$ZIM retracement and then 🚀🌕 NYSE:ZIM has gone squeezed over $18 in the last week and is now in overbought zone.
I expect it to retract to around $13.5 and that after the earnings and the new guidance to shoot back over $25
ZIM: Crown PatternFundamentals:
high dividend
Earnings report projection seems positive.
Sales has been accelerating and expected sales and earnings going in to the second quarter and third quarter should be positive.
This company is cyclical and is affected by freight prices. So, something like FREIGHTOS BALTIC INDEX (FBX): GLOBAL CONTAINER FREIGHT INDEX at freightos.com is something to monitor; or Worldwide Container Index: www.drewry.co.uk
If freight prices go up, then this is good for the company. If they are relatively stable, that is ok too.
Technicals:
Weekly d3 volume w/ doji bar
Weekly NR4/7 bar
61.85 fib support
uHd on weekly MACD histogram
Weekly Crown with good volume.
Comment: I would like it if the price moved back above the weekly kijun. Below that invalidates the Crown.
Daily:
hit daily a-b-c completion area which is also the weekly 61.8% fib support area (confluence).
Comment: If this is the bottom and prices begin to rise, then I project 18 or 20 by August 2024 if it does not consolidate before that. If the stock prices do rise to 18 or 20, then it would be good to hold just for the dividend yield alone if it consolidates.
$ZIM bullish ideaNYSE:ZIM has a bullish setup, both technically and fundamentally with the shipping disruptions
The Rocket Booster Strategy In 3 StepsThe rocket booster is a strategy i learned from practising. and researching trading.
The following mentors inspired me to learn technical analysis,
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I woke up this morning, as I was going through a massive fatigue these past 3 days,
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now this strategy is an investment strategy its not a day trading strategy
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The rocket booster strategy:
Step #1 : The price should be above the 50 Day Moving Average
Step #2 : The 50 Day Moving Average Should Cross Above The 200 Day Moving Average
Step #3 : The Price Should be above the 50 Day moving average
Now there is one more step to this strategy a bonus step that is how to exit this position
To learn more about how to exit this position in the rocket booster strategy
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Disclaimer:
This is not financial advice please do your own research before you buy or sell anything
ZIM Integrated Shipping Services Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ZIM Integrated Shipping Services prior to the earnings report this week,
I would consider purchasing the 12usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $1.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ZIM - Breakout Seems Imminent ZIM Integrated Shipping Services Ltd operates within the transportation industry, specializing as an asset-light container liner shipping company. It provides a suite of services that includes land transportation, logistical services, and specialized shipping solutions for out-of-gauge cargo, refrigerated cargo, and dangerous or hazardous materials. The company's primary revenue is generated from the Pacific region, indicating its strategic focus on this geographical area.
Fundamentals (Event Driven):
As ZIM revenue is primarily driven from the Pacific region, we should see more shipping demand from Asia to US through the Pacific region due to Red Sea turbulence.
This places ZIM in a good spot to capture market share and at the same rate benefit from higher shipping rates. I do not see the Middle East escalation coming down any time soon.
Technicals:
Technically this has gone up nicely over the past month and a half. 100% gains and then took a breather for the last 16 days and seems like it's ready to go again (breakout).
Volatility has gone up and so has Volume, recipe for breakouts.
This is an event driven trade so reopening of Suez Canal or Panama Canal operating at full capacity faster than expected or a truce between Yemen and US forces should dampen volatility.
Looking for a comprehensive break around 15.12 to get in the first hour today.
Stops will be around 12.70.
Goodluck!
ZIM Flagging Just Below 200 EMAZIM is looking beautiful for another leg up and is currently sitting just below the 200 EMA. First target is the gap at $17.50
$ZIM Clearly institutions and funds buying agressivelyNYSE:ZIM has huge "towers" volume as seen in weekly and daily charts. Super bullish.
$ZIM Long - Profitable Q1 in sightHaven't looked at NYSE:ZIM for some time but entered a small position at $9.60 and added this morning at $11.00. looking for 3 targets up to golden zone if pressure on freight rates continue due to Red Sea and Suez Canal issues. Spot rates are in a profitable area for carriers, especially carriers with ZIM's low overhead and there are multiple GRI's, PSS, and Emergency surcharges coming down the pipe for Q1.
Timeline: Looking to get this done no later than end of March due to Reverse Repo market likely drained to zero by then, which is when I will be exiting markets or at least getting in best defensive position for a hard landing.
