Technical Analysis for CLF - Cliffs Natural Resources Inc

Grade Last Price % Change Price Change
F 17.88 -1.92% -0.35
CLF closed down 1.92 percent on Friday, April 26, 2024, on 1.11 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Flat Down Down

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 0.00%
New Downtrend Bearish 0.00%
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Inside Day Range Contraction 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%

   Recent Intraday Alerts

Alert Time
Fell Below 200 DMA about 11 hours ago
Down 2 % about 11 hours ago
Possible NR7 about 12 hours ago
Possible Inside Day about 12 hours ago
60 Minute Opening Range Breakdown about 16 hours ago

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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 13.61
Average Volume 8,334,817
200-Day Moving Average 17.89
50-Day Moving Average 20.81
20-Day Moving Average 21.10
10-Day Moving Average 19.90
Average True Range 0.72
RSI (14) 23.08
ADX 25.86
+DI 14.36
-DI 41.87
Chandelier Exit (Long, 3 ATRs) 20.80
Chandelier Exit (Short, 3 ATRs) 19.89
Upper Bollinger Bands 24.21
Lower Bollinger Band 17.98
Percent B (%b) -0.02
BandWidth 29.53
MACD Line -0.72
MACD Signal Line -0.23
MACD Histogram -0.4907
Fundamentals Value
Market Cap 8.91 Billion
Num Shares 498 Million
EPS 0.78
Price-to-Earnings (P/E) Ratio 22.92
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) 18.59
Resistance 3 (R3) 18.65 18.48 18.47
Resistance 2 (R2) 18.48 18.30 18.45 18.43
Resistance 1 (R1) 18.18 18.19 18.10 18.12 18.39
Pivot Point 18.01 18.01 17.97 17.98 18.01
Support 1 (S1) 17.71 17.83 17.63 17.65 17.37
Support 2 (S2) 17.54 17.72 17.51 17.33
Support 3 (S3) 17.24 17.54 17.29
Support 4 (S4) 17.18