CLEVELAND-CLIFFS INC (CLF)

US1858991011 - Common Stock

18.55  -2.3 (-11.03%)

Premarket: 18.72 +0.17 (+0.92%)

Technical Rating and Analysis

2

We assign a technical rating of 2 out of 10 to CLF. Although CLF is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month CLF has a been trading in the 18.42 - 22.97 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
When comparing the yearly performance of all stocks, we notice that CLF is one of the better performing stocks in the market, outperforming 71% of all stocks.
CLF has an average volume of 8199260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
CLF is part of the Metals & Mining industry. There are 155 other stocks in this industry, CLF did better than 60% of them.
CLF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CLF is lagging the market slightly.
Weekly and Daily overview Charts
CLF Weekly chart
CLF Daily chart
Setup Rating and Analysis

0

The technical rating of CLF is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

15.00

23.02

We found 1 important support area.

  • Support @15.15 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 20.85 to 21.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • 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
CRS71.88
Mansfield-0.28
10 Day High22.39
10 Day Low18.42
20 Day High22.97
20 Day Low18.42
52 Week High22.97
52 Week Low13.61
Performance
1 Week-11.83%
2 Weeks-15.34%
1 Month-13.48%
3 Month0.71%
6 Month15.65%
12 Month20.61%
2 Year-27.23%
3 Year3.86%
5 Year85.69%
10 Year4.68%
15 Year-19.56%
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)-0.36
RSI(14)26.45
LBB19.42
UBB23.38
CLF Daily chart

CLEVELAND-CLIFFS INC

NYSE:CLF (4/23/2024, 7:04:00 PM)

Premarket: 18.72 +0.17 (+0.92%)

18.55

-2.3 (-11.03%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-11.03%
1 Week-11.83%
2 Weeks-15.34%
1 Month-13.48%
3 Month0.71%
6 Month15.65%
12 Month20.61%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.77
ATR(20)%3.73%
ATR Inc
Range Today1.62
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 High22.39
10 Day Low18.42
20 Day High22.97
20 Day Low18.42
52 Week High22.97
52 Week Low13.61
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume32.37M
Volume Incr100.95%
Vol(5)12.98M
Vol(50)8.20M