CLEVELAND-CLIFFS INC (CLF) Stock Technical Analysis
NYSE:CLF - New York Stock Exchange, Inc. - US1858991011 - Common Stock - Currency: USD
Overall CLF gets a technical rating of 7 out of 10. Although CLF is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
72% of all other stocks performed better in the past year than CLF.
CLF is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 76% are performing better than CLF.
Both the short term and long term trends are positive. This is a very positive sign.
CLF has an average volume of 36520900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 8.31 - 11.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CLF has an excellent technical rating, it does not present a decent entry opportunity 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
8.79
11.56
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.48 to 10.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.88 to 8.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 11.38 to 11.45. 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 | UP | POSITIVE | The short term trend for CLF is up. |
| ChartMill Relative Strength | 28.04 | NEGATIVE | CLF has a low relative strength, it was outperformed by 71.96% 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) | 59.93 | NEUTRAL | The RSI value for CLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CLF has a negative trend. |
| Stochastics (14,3) | 59.12 | NEUTRAL | The Stochastics value for CLF is a neutral value. |
| Average True Range in percent/ATR (20) | 5.85 | HIGH VOLATILITY | The high ATR as a percentage value for CLF suggests high volalility. |
| Average Directional Index/ADX (14) | 31.81 | 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)
10.52
+0.03 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.29%
1 Week-3.57%
2 Weeks12.03%
1 Month20.09%
3 Month18.47%
6 Month2.73%
12 Month-24.59%
2 Year-40.4%
3 Year-40.6%
5 Year103.09%
10 Year317.46%
15 Year-81.4%
Volatility
ATR(14)0.66
ATR(20)%5.85%
ATR Inc-24.45%
Range Today0.46
ADR(20)0.54
ADR(20)%5.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.04
Mansfield-0.53
10 Day High11.96
10 Day Low9.38
20 Day High11.96
20 Day Low8.31
52 Week High14.34
52 Week Low5.63
CS1 End10.51
CR1 Start11.38
Volume & EV
DER(3)3.19%
DER(5)3.26%
Volume20.67M
Volume Incr-20.4%
Vol(5)25.89M
Vol(50)36.52M