CLEVELAND-CLIFFS INC (CLF) Stock Technical Analysis
NYSE:CLF - New York Stock Exchange, Inc. - US1858991011 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to CLF. Recently some decent action could be observed, but in the medium term time frame this is still negative. CLF was also a bad performer in the overall market in the last year.
90% of all other stocks performed better in the past year than CLF.
CLF is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 86% are performing better than CLF.
CLF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
CLF has an average volume of 32038100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CLF has a been trading in the 6.71 - 8.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CLF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for CLF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.84
9.54
3 important support areas can be observed.
- A support zone ranging from 7.59 to 7.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.28 to 7.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.91 to 6.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @7.61 from a horizontal line in the weekly time frame.
- Resistance @8.03 from a horizontal line in the daily time frame.
- Resistance @8.45 from a trend line in the weekly time frame.
- Resistance @9.45 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CLF is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLF is up. |
| ChartMill Relative Strength | 10.16 | NEGATIVE | CLF has a low relative strength, it was outperformed by 89.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.22 | NEUTRAL | The RSI value for CLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CLF has a positive trend. |
| Stochastics (14,3) | 56.2 | NEUTRAL | The Stochastics value for CLF is a neutral value. |
| Average True Range in percent/ATR (20) | 7.32 | HIGH VOLATILITY | The high ATR as a percentage value for CLF suggests high volalility. |
| Average Directional Index/ADX (14) | 9.79 | NEGATIVE | The low ADX value for CLF suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.6
+0.18 (+2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.43%
1 Week9.83%
2 Weeks6%
1 Month30.36%
3 Month9.2%
6 Month-20%
12 Month-51.41%
2 Year-54.65%
3 Year-50.55%
5 Year37.68%
10 Year75.52%
15 Year-83.88%
Volatility
ATR(14)0.47
ATR(20)%7.32%
ATR Inc-12.43%
Range Today0.35
ADR(20)0.46
ADR(20)%6.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.16
Mansfield-3.32
10 Day High7.99
10 Day Low6.72
20 Day High8.09
20 Day Low6.71
52 Week High16.47
52 Week Low5.63
CS1 End7.42
CR1 Start8.03
Volume & EV
DER(3)5.48%
DER(5)3.85%
Volume31.76M
Volume Incr-38.22%
Vol(5)29.25M
Vol(50)32.04M