CLF Price Prediction, Cleveland-Cliffs AI Recommendations

CLF's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for CLF turned positive on September 20, 2023. Looking at past instances where CLF's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 22, 2023. You may want to consider a long position or call options on CLF as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

CLF moved above its 50-day moving average on September 28, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CLF advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CLF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CLF broke above its upper Bollinger Band on September 27, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for CLF entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CLF’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.019) is normal, around the industry mean (1.882). P/E Ratio (34.014) is within average values for comparable stocks, (37.499). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.548). CLF has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.048). P/S Ratio (0.368) is also within normal values, averaging (3.490).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

CLF is expected to report earnings to fall 32.55% to 45 cents per share on October 26

Q3'23

Est.

$0.45

Q2'23

Missed

by $0.04

Q1'23

Beat

by $0.09

Q4'22

Beat

by $0.03

Q3'22

Missed

by $0.20

CLF paid dividends on April 15, 2020