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CLF
Stock ticker: NYSE
AS OF
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Price
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Capitalization
7.95B

CLF Price Prediction, Cleveland-Cliffs AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CLF with price predictions
08:00 PM EDT Oct 01, 2023

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 .

Price Prediction Chart

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)

Fear & Greed

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.

A.I. Advisor
published Earnings

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

Cleveland-Cliffs CLF Stock Earnings Reports
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
The last earnings report on July 24 showed earnings per share of 67 cents, missing the estimate of 70 cents. With 2.47M shares outstanding, the current market capitalization sits at 7.95B.
A.I.Advisor
published Dividends

CLF paid dividends on April 15, 2020

Cleveland-Cliffs CLF Stock Dividends
А dividend of $0.06 per share was paid with a record date of April 15, 2020, and an ex-dividend date of April 02, 2020. Read more...
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nucor Corp (NYSE:NUE), ArcelorMittal (NYSE:MT), Cleveland-Cliffs (NYSE:CLF), United States Steel Corp (NYSE:X), Arconic Corp (NASDAQ:ARNC).

Industry description

The steel industry includes manufacturers of steel and steel-related products. Companies use iron ore and scrap steel to produce steel. The industry also includes companies involved in mining and marketing of steel products. Along with serving some of the domestic markets, U.S. steel output has, over the years, been used by international economies as well. Competition from imported steel has also increased over time. The industry could be susceptible to business cycles, since the element is an important input in industrial production. Some of the globally-renowned steel behemoths include Nucor Corporation, Vale, and ArcelorMittal SA.

Market Cap

The average market capitalization across the Steel Industry is 4.24B. The market cap for tickers in the group ranges from 107.02K to 38.89B. NUE holds the highest valuation in this group at 38.89B. The lowest valued company is GCIN at 107.02K.

High and low price notable news

The average weekly price growth across all stocks in the Steel Industry was -0%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was -1%. IAALF experienced the highest price growth at 16%, while ARCXF experienced the biggest fall at -39%.

Volume

The average weekly volume growth across all stocks in the Steel Industry was -8%. For the same stocks of the Industry, the average monthly volume growth was 23% and the average quarterly volume growth was -14%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 26
P/E Growth Rating: 39
Price Growth Rating: 55
SMR Rating: 65
Profit Risk Rating: 72
Seasonality Score: 5 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a miner of iron ore

Industry Steel

Profile
Fundamentals
Details
Industry
Steel
Address
200 Public Square
Phone
+1 216 694-5700
Employees
27000
Web
https://www.clevelandcliffs.com
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CLF and

Correlation & Price change

A.I.dvisor indicates that over the last year, CLF has been closely correlated with X. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if CLF jumps, then X could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CLF
1D Price
Change %
CLF100%
+0.51%
X - CLF
74%
Closely correlated
+0.89%
MT - CLF
72%
Closely correlated
-1.40%
NUE - CLF
70%
Closely correlated
-1.00%
RDUS - CLF
68%
Closely correlated
+0.18%
STLD - CLF
66%
Loosely correlated
-0.85%
More