CLEVELAND-CLIFFS INC.
CLEVELAND-CLIFFS INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: CLF
ISIN:

CLEVELAND-CLIFFS INC. - 15 min. - Technical analysis published on 06/09/2021 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 20.63 USD
My targets
21.26 USD (+0.22%)
22.16 USD (+4.49%)
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 20.63 USD. The next resistance located at 21.26 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 22.16 USD. After this resistance, buyers could then target 22.89 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by highliber. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

CLEVELAND-CLIFFS INC. rating 21.21 USD. On the day, this instrument gained +4.64% and was traded between 20.39 USD and 21.46 USD over the period. The price is currently at +4.02% from its lowest and -1.16% from its highest.

20.39
21.46
21.21

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of CLEVELAND-CLIFFS INC. in 15 min. shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 15 minutes



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.56 19.25 20.11 21.21 21.38 21.92 22.89
Change (%) -12.49% -9.24% -5.19% - +0.80% +3.35% +7.92%
Change -2.65 -1.96 -1.10 - +0.17 +0.71 +1.68
Level Major Major Major - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.9618.4619.3619.8620.7621.2622.16
Camarilla19.8920.0120.1420.2720.4020.5320.66
Woodie18.1718.5619.5719.9620.9721.3622.37
Fibonacci18.4618.9919.3219.8620.3920.7221.26


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.7118.4719.1719.9320.6321.3922.09
Camarilla19.4719.6019.7419.8720.0020.1420.27
Woodie17.6818.4619.1419.9220.6021.3822.06
Fibonacci18.4719.0319.3719.9320.4920.8321.39


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.0814.8017.4620.1822.8425.5628.22
Camarilla18.6419.1319.6320.1220.6121.1121.60
Woodie12.0514.7917.4320.1722.8125.5528.19
Fibonacci14.8016.8618.1320.1822.2423.5125.56

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): 67.30
MACD (12,26,9): 0.2500
Directional Movement: 36.79
AROON (14): 64.29
DEMA (21): 20.70
Parabolic SAR (0,02-0,02-0,2): 21.40
Elder Ray (13): 0.31
Super Trend (3,10): 20.31
Zig ZAG (10): 20.91
VORTEX (21): 1.1600
Stochastique (14,3,5): 51.21
TEMA (21): 20.89
Williams %R (14): -44.69
Chande Momentum Oscillator (20): 0.66
Repulse (5,40,3): 0.6400
ROCnROLL: 1
TRIX (15,9): 0.1700
Courbe Coppock: 5.67
MA7: 20.15
MA20: 19.64
MA50: 19.01
MA100: 17.51
MAexp7: 20.72
MAexp20: 20.36
MAexp50: 20.05
MAexp100: 19.93
Price / MA7: +5.26%
Price / MA20: +7.99%
Price / MA50: +11.57%
Price / MA100: +21.13%
Price / MAexp7: +2.36%
Price / MAexp20: +4.17%
Price / MAexp50: +5.79%
Price / MAexp100: +6.42%

Quotes : - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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