CLEVELAND-CLIFFS INC (CLF) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CLF • US1858991011
Overall CLF gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CLF is showing a nice and steady performance.
- CLF is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 72% are performing better than CLF.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that CLF is one of the better performing stocks in the market, outperforming 83% of all stocks.
- CLF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CLF is lagging the market slightly.
- CLF has an average volume of 15132000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CLF has a been trading in the 11.68 - 15.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CLF also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 15.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.83, a Stop Loss order could be placed below this zone.
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9.97
When analyzing the support we can see 4 important areas.
- A support zone ranging from 12.75 to 12.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.28 to 12.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @12.03 from a horizontal line in the daily time frame.
- Support @10.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.01 to 15.10. 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 | 83.99 | POSITIVE | CLF has a high relative strength, it outperformed 83.99% 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) | UP | POSITIVE | The current price of CLF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.77 | NEUTRAL | The RSI value for CLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CLF has a negative trend. |
| Stochastics (14,3) | 56.15 | NEUTRAL | The Stochastics value for CLF is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for CLF suggests high volalility. |
| Average Directional Index/ADX (14) | 25.59 | POSITIVE | The high ADX value value for CLF suggests a strong trend. |
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 |
|---|---|---|---|
| 14.25 | 13.58 | 0.67 (4.72%) | 21.21% |
| An entry @14.25. This is a Buy Stop order right above the 10 day moving average. | An exit @13.58. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.67 points, which is 4.72%. | When investing 21.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
13.76
-0.45 (-3.17%)
CLEVELAND-CLIFFS INC / CLF FAQ
Can you provide the ChartMill technical rating for CLEVELAND-CLIFFS INC?
ChartMill assigns a technical rating of 9 / 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 50.7657. 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.