CLEVELAND-CLIFFS INC. - Daily - Technical analysis published on 02/02/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 19.66 USD
My targets
13.74 USD (-27.17%)
12.30 USD (-34.82%)
My analysis
The bearish trend is currently very strong for CLEVELAND-CLIFFS INC.. As long as the price remains below the resistance at 19.66 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 13.74 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12.30 USD as an objective. Crossing it would then enable sellers to target 8.77 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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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 and was between 17.89 USD and 18.98 USD. This implies that the price is at +5.48% from its lowest and at -0.58% from its highest.17.89
18.98
18.87
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CLEVELAND-CLIFFS INC.:
Technical
Technical analysis of this Daily chart of CLEVELAND-CLIFFS INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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 over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
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 | 6.90 | 8.77 | 12.30 | 18.87 | 19.66 | 21.38 | 24.44 |
| Change (%) | -63.43% | -53.52% | -34.82% | - | +4.19% | +13.30% | +29.52% |
| Change | -11.97 | -10.10 | -6.57 | - | +0.79 | +2.51 | +5.57 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.78 | |
| MACD (12,26,9): | -1.0500 | |
| Directional Movement: | -2.53 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 17.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.81 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 19.74 | |
| Zig ZAG (10): | 18.87 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 31.13 | |
| TEMA (21): | 17.00 | |
| Williams %R (14): | -58.59 | |
| Chande Momentum Oscillator (20): | -3.18 | |
| Repulse (5,40,3): | 10.7600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6300 | |
| Courbe Coppock: | 44.87 |
| MA7: | 17.20 | |
| MA20: | 19.80 | |
| MA50: | 20.44 | |
| MA100: | 21.14 | |
| MAexp7: | 17.89 | |
| MAexp20: | 18.96 | |
| MAexp50: | 20.18 | |
| MAexp100: | 20.79 | |
| Price / MA7: | +9.71% | |
| Price / MA20: | -4.70% | |
| Price / MA50: | -7.68% | |
| Price / MA100: | -10.74% | |
| Price / MAexp7: | +5.48% | |
| Price / MAexp20: | -0.47% | |
| Price / MAexp50: | -6.49% | |
| Price / MAexp100: | -9.24% |
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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