CLEVELAND-CLIFFS INC (CLF) Stock Technical Analysis
USA - NYSE:CLF - US1858991011 - Common Stock
11.61 USD
+0.18 (+1.57%)
11.6203 USD
+0.01 (+0.09%)
We assign a technical rating of 9 out of 10 to CLF. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CLF is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
CLF is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
CLF has an average volume of 21361100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CLF is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this relatively good performance is mostly due to a recent big move.
CLF is an average performer in the Metals & Mining industry, it outperforms 45% of 156 stocks in the same industry.
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.
CLF has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 11.60, 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.
More info and screens
9.96
12.14
2 important support areas can be observed.
- A support zone ranging from 11.43 to 11.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.06 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @11.69 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 11.90 to 12.02. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for CLF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLF is up. |
| ChartMill Relative Strength | 85.35 | POSITIVE | CLF has a high relative strength, it outperformed 85.35% 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 | MIXED | The current price of CLF is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.98 | NEUTRAL | The RSI value for CLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CLF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.17 | NEUTRAL | The Stochastics value for CLF is a neutral value. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for CLF suggests some volalility. |
| Average Directional Index/ADX (14) | 26.54 | POSITIVE | The high ADX value value for CLF suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.70 | 11.42 | 0.28 (2.39%) | 25.00% |
| An entry @11.70. This is a Buy Stop order right above the resistance zone. | An exit @11.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.28 points, which is 2.39%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CLF. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.61
+0.18 (+1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.57%
1 Week-0.6%
2 Weeks1.93%
1 Month15.29%
3 Month66.33%
6 Month23.25%
12 Month-1.36%
2 Year-25.72%
3 Year-13.81%
5 Year80.84%
10 Year375.82%
15 Year-81.84%
Volatility
ATR(14)0.54
ATR(20)%4.29%
ATR Inc-12.5%
Range Today0.35
ADR(20)0.48
ADR(20)%4.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.35
Mansfield0.42
10 Day High12.25
10 Day Low10.63
20 Day High12.25
20 Day Low9.9
52 Week High14.34
52 Week Low5.63
CS1 End11.6
CR1 Start11.69
Volume & EV
DER(3)2.88%
DER(5)3.21%
Volume25.24M
Volume Incr33.53%
Vol(5)22.20M
Vol(50)21.36M