CLEVELAND-CLIFFS INC. - 1H - Technical analysis published on 02/02/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 18.22 USD
My targets
19.66 USD (+4.19%)
21.38 USD (+13.30%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CLEVELAND-CLIFFS INC. as long as the price remains well above 18.22 USD. The buyers' bullish objective is set at 19.66 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 21.38 USD. If there is any crossing, the next objective would be the resistance located at 22.54 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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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 18.87 USD. The price registered an increase of +2.39% on the session with the lowest point at 17.89 USD and the highest point at 18.98 USD. The deviation from the price is +5.48% for the low point and -0.58% for the high point.17.89
18.98
18.87
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
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 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 15.87 | 17.53 | 18.22 | 18.87 | 19.66 | 21.38 | 22.54 |
| Change (%) | -15.90% | -7.10% | -3.44% | - | +4.19% | +13.30% | +19.45% |
| Change | -3.00 | -1.34 | -0.65 | - | +0.79 | +2.51 | +3.67 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.09 | 17.49 | 18.18 | 18.58 | 19.27 | 19.67 | 20.36 |
| Camarilla | 18.57 | 18.67 | 18.77 | 18.87 | 18.97 | 19.07 | 19.17 |
| Woodie | 17.24 | 17.56 | 18.33 | 18.65 | 19.42 | 19.74 | 20.51 |
| Fibonacci | 17.49 | 17.91 | 18.16 | 18.58 | 19.00 | 19.25 | 19.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.09 | 14.95 | 15.81 | 16.67 | 17.53 | 18.39 | 19.25 |
| Camarilla | 16.20 | 16.36 | 16.51 | 16.67 | 16.83 | 16.99 | 17.14 |
| Woodie | 14.09 | 14.95 | 15.81 | 16.67 | 17.53 | 18.39 | 19.25 |
| Fibonacci | 14.95 | 15.61 | 16.01 | 16.67 | 17.33 | 17.73 | 18.39 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 72.32 | |
| MACD (12,26,9): | 0.5100 | |
| Directional Movement: | 21.68 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 18.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.42 | |
| Elder Ray (13): | 0.56 | |
| Super Trend (3,10): | 17.96 | |
| Zig ZAG (10): | 18.87 | |
| VORTEX (21): | 1.3400 | |
| Stochastique (14,3,5): | 96.45 | |
| TEMA (21): | 19.07 | |
| Williams %R (14): | -6.75 | |
| Chande Momentum Oscillator (20): | 0.77 | |
| Repulse (5,40,3): | 1.5600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3700 | |
| Courbe Coppock: | 15.91 |
| MA7: | 17.20 | |
| MA20: | 19.80 | |
| MA50: | 20.44 | |
| MA100: | 21.14 | |
| MAexp7: | 18.63 | |
| MAexp20: | 18.04 | |
| MAexp50: | 17.77 | |
| MAexp100: | 18.45 | |
| Price / MA7: | +9.71% | |
| Price / MA20: | -4.70% | |
| Price / MA50: | -7.68% | |
| Price / MA100: | -10.74% | |
| Price / MAexp7: | +1.29% | |
| Price / MAexp20: | +4.60% | |
| Price / MAexp50: | +6.19% | |
| Price / MAexp100: | +2.28% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on CLEVELAND-CLIFFS INC. at the time of the generation of this analysis 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.
About author
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