CLEVELAND-CLIFFS INC (CLF)
US1858991011 - Common Stock
Taking everything into account, CLF scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month CLF has a been trading in the 20.52 - 22.97 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that CLF is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, CLF also shows a nice and consistent pattern of rising prices.
CLF is one of the better performing stocks in the Metals & Mining industry, it outperforms 79% of 155 stocks in the same industry.
CLF is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CLF is performing more or less in line with the market.
CLF has an average volume of 7782710 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
CLF has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 20.30, a Stop Loss order could be placed below this zone.
More info and screens
15.00
23.06
We found 5 important support areas.
- A support zone ranging from 20.27 to 20.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.76 from a horizontal line in the weekly time frame.
- Support @19.17 from a horizontal line in the daily time frame.
- Support @17.73 from a horizontal line in the daily time frame.
- 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 20.92 to 20.98. 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 22.74 to 22.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.02
Mansfield1.02
10 Day High22.39
10 Day Low20.52
20 Day High22.97
20 Day Low20.52
52 Week High22.97
52 Week Low13.61
Performance
1 Week-1.84%
2 Weeks-7%
1 Month-1.93%
3 Month13.19%
6 Month29.99%
12 Month35.57%
2 Year-18.2%
3 Year16.74%
5 Year108.71%
10 Year17.66%
15 Year-9.58%
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)-0.23
RSI(14)43.17
LBB20.36
UBB23.06
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 |
|---|---|---|---|
| 20.99 | 20.51 | 0.49 (2.31%) | 25.00% |
| An entry @20.99. This is a Buy Stop order right above the resistance zone. | An exit @20.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.49 points, which is 2.31%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CLF. Please evaluate whether better entry and exit points can be found.
- 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.
CLEVELAND-CLIFFS INC
NYSE:CLF (4/22/2024, 7:04:00 PM)
After market: 20.27 -0.58 (-2.78%)20.85
+0.04 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.19%
1 Week-1.84%
2 Weeks-7%
1 Month-1.93%
3 Month13.19%
6 Month29.99%
12 Month35.57%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.63
ATR(20)%2.94%
ATR Inc
Range Today0.63
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 Low20.52
20 Day High22.97
20 Day Low20.52
52 Week High22.97
52 Week Low13.61
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume7.88M
Volume Incr20.96%
Vol(5)7.83M
Vol(50)7.78M