ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares are down on Monday as the company continues to navigate its merger agreement with Hapag-Lloyd.The stock’s decline comes as S&P 500 futures are showing a modest gain of 0.52%, indicating a mixed market backdrop.ZIM-Hapag-Lloyd Merger Update Drives Investor FocusZIM provided an update regarding its merger agreement with Hapag-Lloyd, stating that it is actively collaborating with relevant state authorities as part of the regulatory review process.This ongoing scrutiny may be contributing to the stock’s downward movement as investors weigh the implications of the merger.In February, ZIM disclosed a merger agreement with Hapag-Lloyd, which will acquire ZIM for $35 per share in cash. The acquisition deal values ZIM at around $4.2 billion.The deal has been unanimously approved by the ZIM board of directors and is expected to close by late 2026, subject to customary closing conditions.ZIM Technical Outlook: Key Moving Averages And RSIThe stock is currently trading at $23.87, which places it about 6.2% below its 20-day simple moving average (SMA) of $25.36 and 7% below its 50-day SMA of $25.60. The 200-day SMA is at $22.01, indicating that the stock is currently above this longer-term average by about 8.2%.The primary momentum indicator, the Relative Strength Index (RSI), is at 51.57, suggesting the stock is in a neutral zone, indicating neither overbought nor oversold conditions. This could imply that there is potential for movement in either direction, depending on market sentiment and news flow.