Cleveland Cliffs Stock Technical Analysis

CLF Stock  USD 22.74  0.61  2.76%   
As of the 28th of March, Cleveland Cliffs shows the mean deviation of 1.47, and Risk Adjusted Performance of 0.0374. Cleveland-Cliffs technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Cleveland Cliffs, which can be compared to its rivals. Please confirm Cleveland-Cliffs downside deviation, treynor ratio, expected short fall, as well as the relationship between the variance and potential upside to decide if Cleveland-Cliffs is priced correctly, providing market reflects its regular price of 22.74 per share. Given that Cleveland Cliffs has jensen alpha of (0.13), we suggest you to validate Cleveland Cliffs's prevailing market performance to make sure the company can sustain itself at a future point.

Cleveland Cliffs Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cleveland, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Cleveland
  
Cleveland Cliffs' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Cleveland Cliffs Analyst Consensus

Target PriceAdvice# of Analysts
18.62Buy10Odds
Cleveland Cliffs current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Cleveland analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Cleveland stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cleveland-Cliffs, talking to its executives and customers, or listening to Cleveland conference calls.
Cleveland Analyst Advice Details
Cleveland Cliffs technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Cleveland Cliffs technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cleveland Cliffs trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Cleveland-Cliffs Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Cleveland-Cliffs volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Cleveland-Cliffs Trend Analysis

Use this graph to draw trend lines for Cleveland Cliffs. You can use it to identify possible trend reversals for Cleveland Cliffs as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Cleveland Cliffs price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Cleveland Cliffs Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Cleveland Cliffs applied against its price change over selected period. The best fit line has a slop of   0.05  , which may imply that Cleveland Cliffs will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 97.81, which is the sum of squared deviations for the predicted Cleveland Cliffs price change compared to its average price change.

About Cleveland Cliffs Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Cleveland Cliffs on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Cleveland Cliffs based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cleveland-Cliffs price pattern first instead of the macroeconomic environment surrounding Cleveland-Cliffs. By analyzing Cleveland Cliffs's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Cleveland Cliffs's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Cleveland Cliffs specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2023 2024 (projected)
Dividend Yield0.570.520.54
Price To Sales Ratio0.590.470.45

Cleveland Cliffs March 28, 2024 Technical Indicators

Most technical analysis of Cleveland help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Cleveland from various momentum indicators to cycle indicators. When you analyze Cleveland charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Cleveland Cliffs March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Cleveland stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Cleveland-Cliffs is a strong investment it is important to analyze Cleveland Cliffs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cleveland Cliffs' future performance. For an informed investment choice regarding Cleveland Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running Cleveland Cliffs' price analysis, check to measure Cleveland Cliffs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.
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Is Cleveland Cliffs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cleveland Cliffs. If investors know Cleveland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cleveland Cliffs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.792
Earnings Share
0.78
Revenue Per Share
43.129
Quarterly Revenue Growth
0.013
Return On Assets
0.0329
The market value of Cleveland-Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.