CLEVELAND-CLIFFS INC. - 1H - Technical analysis published on 02/09/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 19.66 USD
My targets
21.06 USD (+6.00%)
21.38 USD (+7.60%)
My analysis
CLEVELAND-CLIFFS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 19.66 USD. The next resistance located at 21.06 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 21.38 USD. After this resistance, buyers could then target 23.41 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CLEVELAND-CLIFFS INC. price is 19.87 USD. The price registered an increase of +4.58% on the session with the lowest point at 19.14 USD and the highest point at 19.88 USD. The deviation from the price is +3.81% for the low point and -0.05% for the high point.19.14
19.88
19.87
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this CLEVELAND-CLIFFS INC. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.21 | 18.06 | 19.66 | 19.87 | 21.38 | 23.41 | 24.44 |
| Change (%) | -18.42% | -9.11% | -1.06% | - | +7.60% | +17.82% | +23.00% |
| Change | -3.66 | -1.81 | -0.21 | - | +1.51 | +3.54 | +4.57 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.64 | 18.89 | 19.38 | 19.63 | 20.12 | 20.37 | 20.86 |
| Camarilla | 19.67 | 19.73 | 19.80 | 19.87 | 19.94 | 20.01 | 20.07 |
| Woodie | 18.76 | 18.95 | 19.50 | 19.69 | 20.24 | 20.43 | 20.98 |
| Fibonacci | 18.89 | 19.17 | 19.35 | 19.63 | 19.91 | 20.09 | 20.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.35 | 15.44 | 17.16 | 18.25 | 19.97 | 21.06 | 22.78 |
| Camarilla | 18.10 | 18.36 | 18.61 | 18.87 | 19.13 | 19.39 | 19.64 |
| Woodie | 14.66 | 15.60 | 17.47 | 18.41 | 20.28 | 21.22 | 23.09 |
| Fibonacci | 15.44 | 16.52 | 17.18 | 18.25 | 19.33 | 19.99 | 21.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.88 | 10.35 | 13.74 | 19.21 | 22.60 | 28.07 | 31.46 |
| Camarilla | 14.70 | 15.52 | 16.33 | 17.14 | 17.95 | 18.76 | 19.58 |
| Woodie | 3.85 | 9.83 | 12.71 | 18.69 | 21.57 | 27.55 | 30.43 |
| Fibonacci | 10.35 | 13.73 | 15.82 | 19.21 | 22.59 | 24.68 | 28.07 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 70.15 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | 16.27 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 19.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.90 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 18.84 | |
| Zig ZAG (10): | 19.86 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 85.77 | |
| TEMA (21): | 19.73 | |
| Williams %R (14): | -1.71 | |
| Chande Momentum Oscillator (20): | 0.73 | |
| Repulse (5,40,3): | 1.8600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 8.13 |
| MA7: | 18.70 | |
| MA20: | 18.97 | |
| MA50: | 20.17 | |
| MA100: | 21.00 | |
| MAexp7: | 19.60 | |
| MAexp20: | 19.26 | |
| MAexp50: | 18.73 | |
| MAexp100: | 18.73 | |
| Price / MA7: | +6.26% | |
| Price / MA20: | +4.74% | |
| Price / MA50: | -1.49% | |
| Price / MA100: | -5.38% | |
| Price / MAexp7: | +1.33% | |
| Price / MAexp20: | +3.12% | |
| Price / MAexp50: | +6.03% | |
| Price / MAexp100: | +6.03% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on CLEVELAND-CLIFFS INC.. At the time of publication of this analysis, the latest news was as follows:
- Cleveland-Cliffs to Announce Fourth-Quarter and Full-Year 2021 Earnings Results on February 11
- Thinking about buying stock in Luminar Technologies, Cleveland-Cliffs, Pulmatrix, Adagio Therapeutics, or Ensysce Biosciences?
- Cleveland-Cliffs to Fully Redeem its 1.50% Convertible Senior Notes due 2025
- Cleveland-Cliffs Completes Acquisition of Ferrous Processing and Trading Company
- Cleveland-Cliffs Partners with U.S. Department of Energy through Better Climate Challenge Initiative
This member declared not having a position on this financial instrument or a related financial instrument.
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