CLIFFS NATURAL RESOURCES INC (CLV) Stock Technical Analysis
USA - NYSE:CLV - US18683K4085
Taking everything into account, CLV scores 0 out of 10 in our technical rating. CLV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CLV has a bad technical rating, but it does show 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 1.33, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CLV in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.30
When analyzing the support we notice one important area.
- A support zone ranging from 1.31 to 1.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.44 to 1.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.04 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for CLV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLV is neutral. |
| ChartMill Relative Strength | 4.06 | NEGATIVE | CLV has a low relative strength, it was outperformed by 95.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CLV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.71 | NEUTRAL | The RSI value for CLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CLV has a positive trend. |
| Stochastics (14,3) | 79.69 | NEUTRAL | The Stochastics value for CLV is a neutral value. |
| Average True Range in percent/ATR (20) | 12.97 | HIGH VOLATILITY | The high ATR as a percentage value for CLV suggests high volalility. |
NYSE:CLV (1/29/2016, 8:12:50 PM)
1.43
-0.01 (-0.69%)