Boost Your Returns with Swing Trader's Deep Trend Analysis (TA) for ZIM
Swing Trader: Deep Trend Analysis (TA) Generates 14.92% for ZIM
Swing traders rely on technical analysis (TA) to identify short-term trading opportunities and profit from price fluctuations. ZIM, a stock under scrutiny, has recently witnessed a significant advance of +5.27% over a three-day period. Based on historical data, this surge suggests the potential for further growth in the near future.
In an in-depth analysis of previous instances where ZIM experienced a three-day advance, it was observed that in 152 out of 174 cases, the stock price continued to rise within the following month. This historical trend presents a compelling argument for a continued upward trajectory, with odds of approximately 87%.
Considering these statistics, swing traders who have already taken a long position on ZIM or are contemplating doing so may find this information encouraging. The data suggests that the current positive momentum has a high probability of persisting, indicating potential profit opportunities for swing traders.
It is important to note that swing trading strategies involve taking advantage of short-term price movements and may not be suitable for all investors. Traders should carefully evaluate their risk tolerance and employ proper risk management techniques when engaging in swing trading activities.
The deep trend analysis conducted for ZIM reveals a promising outlook for swing traders. With a notable three-day advance and historical data supporting an 87% chance of continued upward momentum, swing traders may consider this stock as a potential opportunity for generating profits in the short term.
ZIM's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for ZIM turned positive on October 18, 2024. Looking at past instances where ZIM's MACD turned positive, the stock continued to rise in of 32 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 18, 2024. You may want to consider a long position or call options on ZIM as a result. In of 58 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
ZIM moved above its 50-day moving average on October 11, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ZIM advanced for three days, in of 256 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 229 cases where ZIM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for ZIM moved out of overbought territory on October 01, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 46 cases where ZIM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ZIM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ZIM broke above its upper Bollinger Band on October 21, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.069) is normal, around the industry mean (2.424). P/E Ratio (0.000) is within average values for comparable stocks, (24.917). Dividend Yield (0.045) settles around the average of (0.069) among similar stocks. P/S Ratio (0.517) is also within normal values, averaging (2.175).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ZIM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ZIM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 67, placing this stock worse than average.
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Industry MarineShipping