CLIFFS NATURAL RESOURCES INC (CLV) Stock Technical Analysis
NYSE:CLV • US18683K4085
Overall CLV gets a technical rating of 0 out of 10. CLV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 96% of all other stocks performed better in the past year than CLV.
- CLV is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CLV has a been trading in the 0.98 - 1.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, CLV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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.
More info and screens
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%)
CLIFFS NATURAL RESOURCES INC / CLV FAQ
What is the ChartMill technical rating of CLIFFS NATURAL RESOURCES INC (CLV) stock?
ChartMill assigns a technical rating of 0 / 10 to CLV.
Can you provide the trend direction for CLIFFS NATURAL RESOURCES INC?
The current trend direction for CLIFFS NATURAL RESOURCES INC (CLV) is Bearish.
What is the RSI signal for CLIFFS NATURAL RESOURCES INC (CLV) stock?
CLIFFS NATURAL RESOURCES INC (CLV) has an RSI value of 50.7103. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CLIFFS NATURAL RESOURCES INC?
The short term momentum for CLIFFS NATURAL RESOURCES INC (CLV) is neutral.