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
Analysis too old. There are no more charts available.
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
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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.
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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 17.96 | 18.46 | 19.36 | 19.86 | 20.76 | 21.26 | 22.16 |
| Camarilla | 19.89 | 20.01 | 20.14 | 20.27 | 20.40 | 20.53 | 20.66 |
| Woodie | 18.17 | 18.56 | 19.57 | 19.96 | 20.97 | 21.36 | 22.37 |
| Fibonacci | 18.46 | 18.99 | 19.32 | 19.86 | 20.39 | 20.72 | 21.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.71 | 18.47 | 19.17 | 19.93 | 20.63 | 21.39 | 22.09 |
| Camarilla | 19.47 | 19.60 | 19.74 | 19.87 | 20.00 | 20.14 | 20.27 |
| Woodie | 17.68 | 18.46 | 19.14 | 19.92 | 20.60 | 21.38 | 22.06 |
| Fibonacci | 18.47 | 19.03 | 19.37 | 19.93 | 20.49 | 20.83 | 21.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.08 | 14.80 | 17.46 | 20.18 | 22.84 | 25.56 | 28.22 |
| Camarilla | 18.64 | 19.13 | 19.63 | 20.12 | 20.61 | 21.11 | 21.60 |
| Woodie | 12.05 | 14.79 | 17.43 | 20.17 | 22.81 | 25.55 | 28.19 |
| Fibonacci | 14.80 | 16.86 | 18.13 | 20.18 | 22.24 | 23.51 | 25.56 |
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 :
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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 Holds Ribbon Cutting Ceremony at Direct Reduction Plant in Toledo
- Cleveland-Cliffs to Fully Redeem 5.75% Senior Notes due 2025
- Thinking about buying stock in Sundial Growers, BioNano Genomics, Cleveland-Cliffs, General Electric, or Clover Health?
-
Cleveland-Cliffs Inc. - CLF Stock Chart Technical Analysis for 05-04-2021
- Cleveland-Cliffs Issues Its Sustainability Report 2020 Executive Summary
This member declared not having a position on this financial instrument or a related financial instrument.
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