Technical Analysis for CLF - Cliffs Natural Resources Inc

Grade Last Price % Change Price Change
D 15.39 2.60% 0.39
CLF closed up 2.6 percent on Friday, June 28, 2024, on 1.81 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Gapped Up Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Oversold Stochastic Weakness 2.60%
Slingshot Bearish Bearish Swing Setup 3.08%
Bullish Engulfing Bullish 3.08%
MACD Bullish Signal Line Cross Bullish 3.08%
Gapped Down Weakness 3.08%

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Profile

Cliffs Natural Resources Inc Description

Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. It operates five iron ore mines located in Michigan and Minnesota; five metallurgical coal mines located in West Virginia and Alabama; and one thermal coal mine located in West Virginia. The company also operates two iron ore mines in eastern Canada that primarily provide iron ore to steel producers in Asia; and two iron ore mining complexes in Western Australia. In addition, it holds a 45% economic interest in a coking and thermal coal mine located in Queensland, Australia; 30% interest in Amapá, an iron ore project in Brazil; and interest in a chromite project in Ontario, Canada. The company, formerly known as Cleveland-Cliffs Inc, was founded in 1847 and is headquartered in Cleveland, Ohio.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Mining Natural Resources Coal Pellet Metallurgical Coal Thermal Coal Steel Producer Iron Ore

Is CLF a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 22.97
52 Week Low 13.84
Average Volume 9,719,621
200-Day Moving Average 18.03
50-Day Moving Average 16.84
20-Day Moving Average 15.40
10-Day Moving Average 14.84
Average True Range 0.50
RSI (14) 43.18
ADX 42.03
+DI 22.73
-DI 28.22
Chandelier Exit (Long, 3 ATRs) 15.92
Chandelier Exit (Short, 3 ATRs) 15.78
Upper Bollinger Bands 17.02
Lower Bollinger Band 13.78
Percent B (%b) 0.5
BandWidth 21.03
MACD Line -0.63
MACD Signal Line -0.75
MACD Histogram 0.1181
Fundamentals Value
Market Cap 7.67 Billion
Num Shares 498 Million
EPS 0.78
Price-to-Earnings (P/E) Ratio 19.73
Price-to-Sales 0.45
Price-to-Book 1.26
PEG Ratio -0.22
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.19
Resistance 3 (R3) 16.23 16.00 16.06
Resistance 2 (R2) 16.00 15.79 15.98 16.01
Resistance 1 (R1) 15.69 15.67 15.85 15.66 15.97
Pivot Point 15.46 15.46 15.54 15.44 15.46
Support 1 (S1) 15.16 15.26 15.31 15.12 14.81
Support 2 (S2) 14.93 15.13 14.91 14.77
Support 3 (S3) 14.62 14.93 14.72
Support 4 (S4) 14.59