NYSE:CLF • US1858991011
Taking everything into account, CLF scores 0 out of 10 in our technical rating. 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.
CLF has a poor technical rating and the quality of the setup is also not perfect 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.
9.97
When analyzing the support we can see 2 important areas.
We found 1 important resistance area.
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 | NEUTRAL | NEUTRAL | The long term trend for CLF is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLF is down. |
| ChartMill Relative Strength | 21.32 | NEGATIVE | CLF has a low relative strength, it was outperformed by 78.68% 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) | 31.55 | NEUTRAL | The RSI value for CLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests CLF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.05 | OVERSOLD | The low Stochastics value suggests CLF may be oversold. |
| Average True Range in percent/ATR (20) | 9.8 | HIGH VOLATILITY | The high ATR as a percentage value for CLF suggests high volalility. |
| Average Directional Index/ADX (14) | 29.9 | POSITIVE | The high ADX value value for CLF suggests a strong trend. |
10.27
-0.28 (-2.65%)
ChartMill assigns a technical rating of 0 / 10 to CLF.
The current trend direction for CLEVELAND-CLIFFS INC (CLF) is Bearish.
CLEVELAND-CLIFFS INC (CLF) has an RSI value of 31.5544. This indicates that the stock is currently neutral.
The short term momentum for CLEVELAND-CLIFFS INC (CLF) is negative.