Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ZIM Integrated stock was up by 10.53% in the previous week.</a> </li> 
 <li> <span>2</span> <a>The share price of ZIM Integrated shipping services is reversing upward after hitting a 52-week low.</a> </li> 
 <li> <span>3</span> <a>ZIM Stock Price managed to climb above the 50-day EMA.</a> </li> 
</ul> 
<p>Zim Integrated stock price (NYSE: ZIM) recovered 28% (approx.) after testing the 52-week low at $11.78. ZIM stock is reversing upward and buyers are trying to keep the price above the $15.00 level.&nbsp;</p> 
<p>Zim stock has succeeded to climb above the 50-day EMA showing that the short-term trend is turning bullish. However, the confirmation will come when buyers are able to break out of the $16.26 hurdle.&nbsp;</p> 
<p>For the past few months, the Zim share price has been stuck in the narrow range between $11.84 and $16.26. It seems like ZIM stock has formed a short-term base and buyers are trying their best to rebound.</p> 
<p>In the mid of May, Zim Integrated stock drops below $16.50 support which triggers panic selling and prices hit a new 52-week low. Meanwhile, the selling volume also increases shows some genuine investors might have exited on higher levels.&nbsp;</p> 
<p>Presently, ZIM <a href="https://www.thecoinrepublic.com/2023/05/03/zim-stock-nyse-zim-fate-depends-on-next-earnings-on-may-22/" rel="noopener noreferrer nofollow">stock prices </a>are recovering but it will lack momentum till it trades below the 200-day EMA. Zim Integrated stock price closed the previous session at $15.15 with an intraday rise of 0.07%. The market capitalization stands at $1.82 Billion.</p> 
<h2 class="wp-block-heading" id="strong-zim-stock-looks-oversold-strong"><strong>ZIM Stock looks oversold?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/7ISqVTx_DYqrnxso2Iwvr1VFpUPvw3XVGI5phD6E-C9_s45vzvuPj3SbbyTRxfdTZ3Epqfkq4BPIRX4HOZt-5K4s_8hwEtQdtjluLPCRftkh2NY15YnOYWPEKWusQwNBLS8h2vf3vJV3evEXVQg58_g" alt="ZIM Integrated Stock: ZIM Stock is reversing will it reach $20?"> 
  <figcaption class="wp-element-caption">
    NYSE: ZIM daily chart by <a href="https://www.tradingview.com/x/QOSfmjh7/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Zim Integrated stock price (NYSE: ZIM) looks mildly oversold so a short-term pullback is possible in the coming months. However, $16.26 will act as an immediate hurdle for the bulls.&nbsp;</p> 
<p>If the buyers are able to break the hurdle then the possibility of testing the $20.00 level will increase.&nbsp;</p> 
<p>Till Zim <a href="https://www.thecoinrepublic.com/2023/05/03/zim-stock-nyse-zim-fate-depends-on-next-earnings-on-may-22/" rel="noopener noreferrer nofollow">stock price</a> sustains above the 50-day EMA the short-term trend will remain in a bullish grip. On the other hand, if the price drops below the 50-day EMA then bears will try to pull it down to 52 week low.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-zim-stock-price-near-to-supply-zone-strong"><strong>ZIM Stock Price near to supply zone</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_37ced"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NYSE:ZIM",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "toolbar_bg": "#f1f3f6",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_37ced"

}

  );

  </script> 
</div>  
<p>ZIM stock formed a bullish hammer candle on the weekly time frame. However, the price is near the strong supply zone. So it will be interesting to see how prices react in the coming few sessions.&nbsp;</p> 
<p>The super trend indicator generated a bullish signal and the price is sustaining above the green line. The MACD curve is rising upward and the histogram bar is also green which indicates prices are likely to trade with a bullish bias.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Zim Integrated stock price (NYSE: ZIM) is recovering and buyers are trying their best to hold the $15.00 level. ZIM stock might show a short-term up move in coming months but the possibility of sustaining higher levels remains low.</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li><strong>Resistance levels:</strong> $16.26 and $20.00</li> 
 <li><strong>Support levels:</strong> $14.00 and $11.84</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

ZIM Integrated Stock: ZIM Stock is reversing will it reach $20?

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