CLEVELAND-CLIFFS INC (CLF)       13.6  +0.52 (+3.98%)

13.6  +0.52 (+3.98%)

US1858991011 - Common Stock - Premarket: 13.41 -0.19 (-1.4%)

Technical Rating

0

Taking everything into account, CLF scores 0 out of 10 in our technical rating. CLF's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



CLF has an average volume of 14064600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CLF is part of the Metals & Mining industry. There are 960 other stocks in this industry, CLF did better than 61% of them.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
68% of all other stocks performed better in the past year than CLF.
CLF is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month CLF has a been trading in the 12.90 - 19.05 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -26.68% -13.71% -57.97% -30.82% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 32.29 12.9 - 34.04
CLF Weekly chart
CLF Daily chart

Support/Resistance Analysis


12.94

17.92
We found 1 important support area.
  • A support zone ranging from 13.07 to 13.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
  • A resistance zone ranging from 17.11 to 17.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @17.74 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

3

The technical rating of CLF is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


CLF Daily chart

CLEVELAND-CLIFFS INC13.6

NYSE:CLF (9/27/2022, 7:04:00 PM)+0.52 (+3.98%)

Premarket: 13.41 -0.19 (-1.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Metals & Mining
Performance
Today 3.98% 1 Week -6.59%
2 Weeks -18.95% 1 Month -26.68%
3 Month -13.71% 6 Month -57.97%
Volatility
ATR(14) 0.89 ATR(20)% 6.5%
ATR Inc -30.28% Range Today 0.43
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 32.29 Mansfield -2.42
10 Day High 16.39 10 Day Low 12.9
20 Day High 19.05 20 Day Low 12.9
52 Week High 34.04 52 Week Low 12.9
CS1 End 13.26 CR1 Start 17.11
Volume & EV
DER(3) 0.34% DER(5) -1%
Volume 13.04M Volume Incr 8.76%
Vol(5) 15.23M Vol(50) 14.06M

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