CLEVELAND-CLIFFS INC (CLF) Stock Technical Analysis
NYSE:CLF • US1858991011
We assign a technical rating of 0 out of 10 to CLF. CLF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 78% of all other stocks performed better in the past year than CLF.
- CLF is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 83% are performing better than CLF.
- CLF is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- CLF has an average volume of 17083300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CLF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLF is lagging the market.
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.
More info and screens
9.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.26 to 10.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.07 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 10.80 to 10.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.72 from a trend line in the daily time frame.
- Resistance @15.02 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 | DOWN | NEGATIVE | The long term trend for CLF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLF is down. |
| ChartMill Relative Strength | 22.24 | NEGATIVE | CLF has a low relative strength, it was outperformed by 77.76% off all stocks 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 | MIXED | The current price of CLF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.79 | NEUTRAL | The RSI value for CLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests CLF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.78 | OVERSOLD | The low Stochastics value suggests CLF may be oversold. |
| Average True Range in percent/ATR (20) | 8.48 | HIGH VOLATILITY | The high ATR as a percentage value for CLF suggests high volalility. |
| Average Directional Index/ADX (14) | 30.41 | POSITIVE | The high ADX value value for CLF suggests a strong trend. |
10.79
+0.2 (+1.89%)
CLEVELAND-CLIFFS INC / CLF FAQ
Can you provide the ChartMill technical rating for CLEVELAND-CLIFFS INC?
ChartMill assigns a technical rating of 0 / 10 to CLF.
What is the current trend direction of CLEVELAND-CLIFFS INC (CLF) stock?
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 37.7918. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CLEVELAND-CLIFFS INC?
The short term momentum for CLEVELAND-CLIFFS INC (CLF) is negative.
What is the buy/sell signal for CLF stock?
The buy/sell signal for CLEVELAND-CLIFFS INC (CLF) is sell as both the short term and long term trends are negative.