CLF stock: buy or sell
Updated on:
Apr 22nd, 2021
2
CLF stock brief
- Cleveland-Cliffs closed on Wednesday at $17.05 (2.71%) prior to presenting earnings next July at 08:00
- Cleveland-Cliffs presented its financial report on Thursday
- The stock is configuring an uptrend pattern since early March, when it bottomed at $12.77. This rally marked a 33.52% gain
- BNP Paribas posted a neutral rating for Cleveland-Cliffs last Monday, forecasting $19.20
- Cleveland-Cliffs Inc. operates as an independent iron ore mining company in the United States, Canada, and internationally. It operates in two segments, Mining and Pelletizing, and Metallics.
Should I buy Cleveland-Cliffs stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CLF stock a buy?
In the current situation of Cleveland-Cliffs there is not any eligible buy setup. This doesn't mean $CLF will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Cleveland-Cliffs stock?
When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the correct moment to sell and get your profits. Similarly to when we have to buy shares, deciding when is appropiate time to sell is not a fickle decision, and we must follow our own trading strategy. When selling, as well as buying, detailed setups are very easy to use but are only applicable for selling stocks in your porfolio, not for selling short $CLF stock
As a rule of thumb, you should never hold a trading operation that leads to greater losses than those expected at the time of purchase. The moment to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Cleveland-Cliffs stock?
Currently, Cleveland-Cliffs stock doesn't match any of our preferred sell setups, so if you own Cleveland-Cliffs stock and your operation is in profit probably is not time to sell now
Cleveland-Cliffs ratings
In the last 30 days, 5 ratings were published for Cleveland-Cliffs
| Brokerage firm | Rating |
|---|---|
| Mar 31st, 2021 | |
| B. Riley | |
| Apr 9th, 2021 | |
| The Goldman Sachs Group | Neutral |
| Apr 13th, 2021 | |
| B. Riley | |
| Apr 15th, 2021 | |
| The Goldman Sachs Group | Neutral |
| Apr 19th, 2021 | |
| BNP Paribas | Buy → Neutral |
Cleveland-Cliffs stock analysis
Cleveland-Cliffs shares started an uptrend in early March, and gained an amazing 33.52%. The price line shows higher highs and lows, and along the way provided very few buying opportunities for those who wanted to invest. Latest pullback was in late March, when price bounced at $14.01. Currently, it swings in a consolidation between its last top ($20.87) and its last bottom ($14.01)
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Relative strength index
When the stays for so long below 70 and above 30, without indication of overbought and oversold, the indicator becomes of little use, and we currently are in such a case.
Cleveland-Cliffs stock price history
Cleveland-Cliffs went public on Feb 21st, 1973 priced at $0.00 per share1. Since then, CLF stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in Cleveland-Cliffs stock on the IPO, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Cleveland-Cliffs stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations post their analysis predicting how a stock will performance in the future.
The following table shows the price target published by analysts in the last 30 days. Again, these estimates are not direct recommendations for small investors and should not be trusted blindly.
The average price target for Cleveland-Cliffs stock calculated from the table below is $20.44. Cleveland-Cliffs closed at $17.05 on Wednesday, so the target price is expecting an increase by 19.88%.
| Brokerage firm | Price target |
|---|---|
| Mar 31st, 2021 | |
| B. Riley | $20.00 → $21.00 |
| Apr 9th, 2021 | |
| The Goldman Sachs Group | $20.00 |
| Apr 13th, 2021 | |
| B. Riley | $21.00 → $22.00 |
| Apr 15th, 2021 | |
| The Goldman Sachs Group | $20.00 |
| Apr 19th, 2021 | |
| BNP Paribas | $19.20 |
Earnings and financials
Investors call was hosted by Cleveland-Cliffs ($CLF) on Thursday after presenting the financial report.
This compares to Earnings of $-0.19 per share a year ago, so posted EPS is 100.00%. Revenue exploded a 322.39% on an annualized basis in the , from $5.3B to $22.6B last quarter.CLF ($CLF) is hosting the earnings call next July.
Cleveland-Cliffs performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Cleveland-Cliffs ($CLF) | 9.90% | -0.20% | 112.90% |
Please read:
The opinions written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not know the specific situations of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for informational purposes onlyCLF summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $16.33 |
| Close | $17.05 |
| Day range | $15.84 - $17.14 |
| Previous close | $16.6 |
| Session gain | 2.71% |
| Average true range | $1.36 |
| 50d mov avg | $16.58 |
| 100d mov avg | $15.72 |
| 200d mov avg | $11.28 |
| Earnings date | July 29th, 2021 |