CLEVELAND-CLIFFS INC. - Daily - Technical analysis published on 02/13/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 19.66 USD
My targets
18.06 USD (-4.55%)
16.21 USD (-14.32%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CLEVELAND-CLIFFS INC. as long as the price remains well below 19.66 USD. The next bearish objective for sellers is set at 18.06 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.21 USD. If there is any crossing, the next objective would be the support located at 12.30 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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This analysis was given by DipFarda. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CLEVELAND-CLIFFS INC. price is 18.92 USD. The price is lower by -9.69% since the last closing with the lowest point at 18.71 USD and the highest point at 20.87 USD. The deviation from the price is +1.12% for the low point and -9.34% for the high point.18.71
20.87
18.92
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this CLEVELAND-CLIFFS INC. chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 12.30 | 16.21 | 18.06 | 18.92 | 19.66 | 20.58 | 21.38 |
| Change (%) | -34.99% | -14.32% | -4.55% | - | +3.91% | +8.77% | +13.00% |
| Change | -6.62 | -2.71 | -0.86 | - | +0.74 | +1.66 | +2.46 |
| Level | Major | Intermediate | Major | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.97 | 17.34 | 18.13 | 19.50 | 20.29 | 21.66 | 22.45 |
| Camarilla | 18.33 | 18.52 | 18.72 | 18.92 | 19.12 | 19.32 | 19.51 |
| Woodie | 15.68 | 17.20 | 17.84 | 19.36 | 20.00 | 21.52 | 22.16 |
| Fibonacci | 17.34 | 18.17 | 18.68 | 19.50 | 20.33 | 20.84 | 21.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.10 | 16.91 | 17.91 | 19.72 | 20.72 | 22.53 | 23.53 |
| Camarilla | 18.15 | 18.41 | 18.66 | 18.92 | 19.18 | 19.44 | 19.69 |
| Woodie | 14.71 | 16.71 | 17.52 | 19.52 | 20.33 | 22.33 | 23.14 |
| Fibonacci | 16.91 | 17.98 | 18.64 | 19.72 | 20.79 | 21.45 | 22.53 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.61 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | 3.77 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 18.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.58 | |
| Elder Ray (13): | 0.54 | |
| Super Trend (3,10): | 17.80 | |
| Zig ZAG (10): | 18.92 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 80.45 | |
| TEMA (21): | 19.16 | |
| Williams %R (14): | -46.39 | |
| Chande Momentum Oscillator (20): | 2.66 | |
| Repulse (5,40,3): | -2.4900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4400 | |
| Courbe Coppock: | 14.78 |
| MA7: | 19.58 | |
| MA20: | 18.63 | |
| MA50: | 20.17 | |
| MA100: | 20.99 | |
| MAexp7: | 19.51 | |
| MAexp20: | 19.31 | |
| MAexp50: | 20.04 | |
| MAexp100: | 20.63 | |
| Price / MA7: | -3.37% | |
| Price / MA20: | +1.56% | |
| Price / MA50: | -6.20% | |
| Price / MA100: | -9.86% | |
| Price / MAexp7: | -3.02% | |
| Price / MAexp20: | -2.02% | |
| Price / MAexp50: | -5.59% | |
| Price / MAexp100: | -8.29% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on CLEVELAND-CLIFFS INC. at the time of the analysis were as follows:
- Cleveland-Cliffs Reports Full-Year and Fourth-Quarter 2021 Results and Announces $1 Billion Share Repurchase Program
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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