Cleveland Cliffs Stock Technical Analysis
| CLF Stock | USD 12.20 0.32 2.69% |
As of the 22nd of November, Cleveland Cliffs shows the mean deviation of 2.63, and Risk Adjusted Performance of (0.0007). 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. Please confirm Cleveland Cliffs standard deviation, as well as the relationship between the treynor ratio and potential upside to decide if Cleveland Cliffs is priced correctly, providing market reflects its regular price of 12.2 per share. Given that Cleveland Cliffs has information ratio of (0.04), 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 ClevelandCleveland |
Cleveland Cliffs Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 18.62 | Buy | 11 | Odds |
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 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.
Cleveland Cliffs Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 0.01 , 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 2.92, 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.
| 2023 | 2024 (projected) | Dividend Yield | 0.006687 | 0.006353 | Price To Sales Ratio | 0.47 | 0.45 |
Cleveland Cliffs November 22, 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.0007) | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 2.63 | |||
| Coefficient Of Variation | (8,683) | |||
| Standard Deviation | 3.91 | |||
| Variance | 15.28 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 24.38 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 4.67 | |||
| Skewness | 1.71 | |||
| Kurtosis | 10.5 |
Complementary Tools for Cleveland Stock analysis
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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