CLEVELAND-CLIFFS INC (CLF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CLF - US1858991011 - Common Stock
12.76 USD
+0.5 (+4.08%)
12.7615 USD
+0 (+0.01%)
Taking everything into account, CLF scores 5 out of 10 in our technical rating. CLF has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
CLF is one of the lesser performing stocks in the Metals & Mining industry. 75% of 157 stocks in the same industry do better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
CLF has an average volume of 17705200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CLF outperforms 68% of them, which is more or less in line with the market.
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 11.68 - 14.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CLF has an average technical rating and it also does not offer a high 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
14.23
We found 5 important support areas.
- A support zone ranging from 12.23 to 12.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.03 from a horizontal line in the daily time frame.
- Support @11.74 from a trend line in the daily time frame.
- Support @10.57 from a trend line in the daily time frame.
- Support @10.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.11 to 13.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 13.84 to 14.09. 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 | 68.14 | NEUTRAL | CLF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CLF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CLF is above 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) | 48.37 | NEUTRAL | The RSI value for CLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests CLF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.5 | NEUTRAL | The Stochastics value for CLF is a neutral value. |
| Average True Range in percent/ATR (20) | 4.57 | MEDIUM VOLATILITY | The ATR as a percentage value for CLF suggests some volalility. |
| Average Directional Index/ADX (14) | 27.11 | 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)
12.76
+0.5 (+4.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.08%
1 Week-6.18%
2 Weeks-7.2%
1 Month0.47%
3 Month-3.19%
6 Month29.28%
12 Month28.89%
2 Year-36.36%
3 Year-40.23%
5 Year-16.82%
10 Year692.55%
15 Year-85.07%
Volatility
ATR(14)0.55
ATR(20)%4.57%
ATR Inc95.08%
Range Today0.68
ADR(20)0.53
ADR(20)%4.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.14
3 months CRS27.85
6 months CRS86.23
Mansfield1.24
10 Day High13.95
10 Day Low11.68
20 Day High14.02
20 Day Low11.68
52 Week High16.7
52 Week Low5.63
CS1 End12.31
CR1 Start13.11
Volume & EV
DER(3)4.81%
DER(5)2.49%
Volume20.57M
Volume Incr47.89%
Vol(5)17.90M
Vol(50)17.71M
CLEVELAND-CLIFFS INC / CLF FAQ
Can you provide the ChartMill technical rating for CLEVELAND-CLIFFS INC?
ChartMill assigns a technical rating of 5 / 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 Bullish.
What is the RSI signal for CLEVELAND-CLIFFS INC (CLF) stock?
CLEVELAND-CLIFFS INC (CLF) has an RSI value of 48.3722. 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 neutral.