ZIM (ZIM Integrated Shipping Services Ltd.) - Sector: Industrials (Shipping)
Sentiment:
--Bearish (slight softening). Pre-market put volume softened, RSI likely ~35 (down from ~38 with a -2.8% drop from $12.9608 to $12.591), X posts overnight mixed—tariff fears dominate, but LNG fleet news (10 new 11,500 TEU vessels announced April 8) offers faint hope, suggesting a less aggressive sell-off than March’s lows.
Tariff Impact:
--Severe. 10% universal tariffs raise fuel and container costs, with 46% Vietnam tariffs threatening Asia-U.S. routes (70%+ revenue). Sentiment overshadows fundamentals, though LNG fleet modernization and freight rate resilience provide a slight buffer.
News/Catalysts:
--Consumer Credit (April 8) could signal trade demand—weak data may deepen ZIM’s slide; X posts on the $2.3B LNG charter deal (announced April 8) and potential freight rate stabilization (e.g., Red Sea tensions) might spark a relief rally today.
Technical Setup:
--Weekly Chart:
---HVN near $15 as resistance (March 25 high: $15.2512), weekly low ~$12.4106 as support
---Downtrend (8-week EMA < 13-week < 48-week, reflecting $12–$20 range since March).
---RSI ~35 (weakening, near oversold),
---MACD below signal (histogram narrowing),
---Bollinger Bands at lower band,
---Donchian Channels below midline,
---Williams %R -80 (oversold).
-One-Hour Chart:
---Support at $12.81 (April 7 prev. close proxy), resistance at $13.547 (April 7 high), weekly confluence.
---RSI ~37, MACD below signal (histogram less negative),
---Bollinger Bands at lower band,
--- Donchian Channels below midline,
---Williams %R -78 (easing from oversold).
-10-Minute Chart:
---Pre-market drop to $12.591, 8/13/48 EMAs down, RSI ~35, MACD flat near zero.
Options Data:
--GEX: Bearish (softening)—pinning near $12.9608 eases pre-market, dealers less aggressive.
--DEX: Bearish—put delta leads but with reduced intensity.
--IV: High—~55–60% vs. norm 45–50%, reflecting tariff-driven volatility.
--OI: Put-heavy—OI concentrated below $13, capping upside momentum.
Directional Bias: Bearish (softening). GEX’s fading pinning reduces downside lock, DEX’s put delta sustains selling but softens, high IV supports volatility without sharp drops, and put-heavy OI anchors lower—bearish with less conviction.
Sympathy Plays:
--SBLK (Star Bulk Carriers): Falls if ZIM dumps (shipping correlation), rises if ZIM rebounds.
--MATX (Matson, Inc.): Drops with ZIM downside, gains if ZIM recovers.
--Opposite Mover: ZIM dumps → defensives like KO rally; ZIM rallies → SBLK/MATX surge.
Sector Positioning with RRG:
--Sector: Industrials (Shipping)
---RRG Position: Lagging Quadrant (slight improvement). ZIM’s pre-market softening from $12.9608 eases its lag vs. XLI, buoyed by LNG news.
Targets: Bullish +4% ($13.50, hourly resistance); Bearish -5% ($12.00, near April low).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.