CLEVELAND-CLIFFS INC (CLF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CLF - US1858991011 - Common Stock
Taking everything into account, CLF scores 1 out of 10 in our technical rating. CLF has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
CLF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.51, a Stop Loss order could be placed below this zone. 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.
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9.97
We found 2 important support areas.
- A support zone ranging from 10.42 to 10.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.07 to 10.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.21 to 11.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.74 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for CLF is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLF is down. |
| ChartMill Relative Strength | 44.48 | NEUTRAL | CLF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CLF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CLF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.49 | 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) | 54.25 | NEUTRAL | The Stochastics value for CLF is a neutral value. |
| Average True Range in percent/ATR (20) | 6.82 | HIGH VOLATILITY | The high ATR as a percentage value for CLF suggests high volalility. |
| Average Directional Index/ADX (14) | 16.78 | NEGATIVE | The low ADX value for CLF suggests a weak or negative trend. |
11.2
+0.22 (+2%)
CLEVELAND-CLIFFS INC / CLF FAQ
Can you provide the ChartMill technical rating for CLEVELAND-CLIFFS INC?
ChartMill assigns a technical rating of 1 / 10 to CLF.
Can you provide the trend direction for CLEVELAND-CLIFFS INC?
The current trend direction for CLEVELAND-CLIFFS INC (CLF) is Bearish.
What is the RSI signal for CLEVELAND-CLIFFS INC (CLF) stock?
CLEVELAND-CLIFFS INC (CLF) has an RSI value of 46.4858. This indicates that the stock is currently neutral.
What is the support and resistance level for CLF stock?
CLEVELAND-CLIFFS INC (CLF) has a support level at 10.51 and a resistance level at 11.21. Check the full technical report for our detailed analysis of CLF support and resistance levels.