Birds Eye View Technical Analysis forCliffs Natural Resources Inc. (NYSE:CLF)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Cliffs Natural Resources Inc. (NYSE:CLF) for the period of 9-Day stands at 82.09% while the stochastic %D for the same period stands at 82.36%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Cliffs Natural Resources Inc. (NYSE:CLF) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Cliffs Natural Resources Inc. (NYSE:CLF) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently Cliffs Natural Resources Inc. (NYSE:CLF)’s 20-Day Bollinger Band indicates “Buy”.

About Company

Cleveland-Cliffs Inc. is an iron ore mining company primarily in the United States. The company is a supplier of iron ore pellets to the North American steel industry from our mines and pellet plants located in Michigan and Minnesota. Cleveland-Cliffs Inc, formerly known as Cliffs Natural Resources Inc., is headquartered in Cleveland, Ohio.

Previous Day Activity Analysis

On the last trading day, Cliffs Natural Resources Inc. (NYSE:CLF) opened the session at $7.34 and after going up 9.57% closed at $7.9. The stock gained 0.56 points in the last trade.

Cliffs Natural Resources Inc. (NYSE:CLF)’s stock fluctuated in the range of $7.34 and $7.96 during the previous active session. Cliffs Natural Resources Inc. (NYSE:CLF) traded with the volume of 17.14 Million with average volume of 10.93 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 1.62 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.29 and 71.62 respectively.

Currently the Insider Ownership of the shares of Cliffs Natural Resources Inc. (NYSE:CLF) is at 1.8% and the shares outstanding are 301.44 Million.

Important Ratio Analysis

Some important ratios to consider here for Cliffs Natural Resources Inc. (NYSE:CLF) are discussed below:

Price to Earnings P/E ratio stands at 12.32 while Forward P/E shows the value of 9.07.

The Price to Sale P/S and Price to Book P/B shows the value of 0.96 and 0 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 6.8 and 7.1 correspondingly.

The Quick Ratio of Cliffs Natural Resources Inc. (NYSE:CLF) stands at 1.2 while the Current Ratio depicts the value of 1.9.

Return on Assets ROA of Cliffs Natural Resources Inc. (NYSE:CLF) is at 7% whereas, Return on Equity ROE and Return of Investment ROI of Cliffs Natural Resources Inc. (NYSE:CLF) stand at -13.9% and 59% respectively.

Stock Performance Analysis

The stock performance of Cliffs Natural Resources Inc. (NYSE:CLF) on the basis of 5 day trade show the jump of 8.52% whereas, the monthly performance of the stock shows increase of 18.62%.

The quarterly performance of the stock remained in green zone with the value of 6.9% while six month performance of the shares of Cliffs Natural Resources Inc. (NYSE:CLF) remained bullish with the count of 11.27%.

The yearly and YTD performance of Cliffs Natural Resources Inc. (NYSE:CLF) remained mix at -6.06% and 9.57% respectively.