CLEVELAND-CLIFFS INC (CLF)

US1858991011 - Common Stock

13.045  -0.29 (-2.21%)

Technical Rating and Analysis

1

Taking everything into account, CLF scores 1 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.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
85% of all other stocks performed better in the past year than CLF.
CLF is one of the lesser performing stocks in the Metals & Mining industry. 82% of 157 stocks in the same industry do better.
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.
In the last month CLF has a been trading in the 11.39 - 14.34 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CLF has an average volume of 14006000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
CLF Weekly chart
CLF Daily chart
Setup Rating and Analysis

5

Although the technical rating is bad, CLF does present a nice setup opportunity. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

11.48

23.02

We found 1 important support area.

  • Support @11.60 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

  • A resistance zone ranging from 13.19 to 13.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 13.95 to 14.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @22.79 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.67
Mansfield-3.13
10 Day High14.34
10 Day Low11.39
20 Day High14.34
20 Day Low11.39
52 Week High22.97
52 Week Low10.21
Performance
1 Week2.77%
2 Weeks0.3%
1 Month5.04%
3 Month1.21%
6 Month-22.98%
12 Month-19.4%
2 Year-13.82%
3 Year-34.45%
5 Year66.96%
10 Year46.27%
15 Year-69.72%
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)51.95
LBB12.17
UBB14.3
CLF Daily chart

CLEVELAND-CLIFFS INC

NYSE:CLF (11/8/2024, 11:42:04 AM)

13.045

-0.29 (-2.21%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.21%
1 Week2.77%
2 Weeks0.3%
1 Month5.04%
3 Month1.21%
6 Month-22.98%
12 Month-19.4%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.76
ATR(20)%4.95%
ATR Inc
Range Today0.21
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High14.34
10 Day Low11.39
20 Day High14.34
20 Day Low11.39
52 Week High22.97
52 Week Low10.21
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.60M
Volume Incr167.63%
Vol(5)25.39M
Vol(50)14.01M