CLEVELAND-CLIFFS INC (CLF) Stock Technical Analysis
NYSE:CLF - US1858991011 - Common Stock
10.44 USD
+0.37 (+3.67%)
10.4499 USD
+0.01 (+0.09%)
We assign a technical rating of 6 out of 10 to CLF. In the last year, CLF was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CLF has an average volume of 26675200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CLF did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
CLF is part of the Metals & Mining industry. There are 156 other stocks in this industry, CLF did better than 47% of them.
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.
In the last month CLF has a been trading in the 9.30 - 11.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CLF has an average technical rating and the quality of the presented setup is also not ideal 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
9.21
11.59
We found 1 important support area.
- A support zone ranging from 9.30 to 9.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @10.78 from a trend line in the weekly time frame.
- A resistance zone ranging from 11.19 to 11.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.45 to 11.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for CLF is neutral. |
| ChartMill Relative Strength | 79.83 | POSITIVE | CLF has a high relative strength, it outperformed 79.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CLF is above a declining 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) | 56.62 | NEUTRAL | The RSI value for CLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CLF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.43 | NEUTRAL | The Stochastics value for CLF is a neutral value. |
| Average True Range in percent/ATR (20) | 4.85 | MEDIUM VOLATILITY | The ATR as a percentage value for CLF suggests some volalility. |
| Average Directional Index/ADX (14) | 20.74 | NEUTRAL | The ADX value for CLF suggests a possible start of a new 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 |
|---|---|---|---|
| 10.79 | 9.30 | 1.49 (13.81%) | 7.24% |
| An entry @10.79. This is a Buy Stop order right above the resistance zone. | An exit @9.30. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.49 points, which is 13.81%. | For a 1.00% total portfolio risk, you can invest 7.24% of your capital in this trade. |
- 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.
10.44
+0.37 (+3.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.67%
1 Week0.29%
2 Weeks9.21%
1 Month-8.74%
3 Month61.11%
6 Month-8.02%
12 Month-21.33%
2 Year-31.72%
3 Year-39.55%
5 Year58.66%
10 Year162.97%
15 Year-82.94%
Volatility
ATR(14)0.49
ATR(20)%4.85%
ATR Inc0.92%
Range Today0.63
ADR(20)0.49
ADR(20)%4.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.83
Mansfield-0.55
10 Day High10.97
10 Day Low9.31
20 Day High11.42
20 Day Low9.3
52 Week High14.34
52 Week Low5.63
CS1 End9.38
CR1 Start10.78
Volume & EV
DER(3)4.44%
DER(5)4.28%
Volume19.35M
Volume Incr-36.99%
Vol(5)16.01M
Vol(50)26.68M