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CLF

daily
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BREAKOUT REVERSAL
Support
$11.5
Resistance
$13.2
CLF Cleveland-Cliffs Inc. daily candlestick chart with 50-day and 200-day moving averages, EMA crossovers, and RSI momentum indicator — breakout reversal as of May 27, 2026
CLF Daily chart 2026-05-27 20:35:20 UTC
AI-generated analysis — not financial advice. For educational purposes only.

CLF Daily Technical Analysis Summary

As of May 27, 2026, CLF (Cleveland-Cliffs Inc.) is in a breakout reversal state on the daily chart, with a confidence level of 63%. Key support is at $11.5 and key resistance at $13.2. Sharp bullish impulse day to ~$12.85 with RSI-14 ~70, reclaiming the clustered EMA50/100/200 and pushing into the $12.8-$13.0 supply zone.

Price Scenarios & Targets

bullish

Bullish continuation: breakout holds above the long-term MAs (SMA200/EMA200) and price grinds higher; a brief pullback/retest into $12.0-$11.5 is possible, then push toward prior distribution highs.

Price Target
$15.2
Path to target
First move
$13.8
Pullback
$12.1
Final target
$15.2

bearish

Failed breakout / bull trap: price rejects $12.8-$13.2, slips back under $11.5, and revisits the prior base; downside accelerates if the $10.4-$10.0 MA shelf breaks.

Price Target
$9.00
Path to target
First move
$10.4
Pullback
$11.6
Final target
$9.00

Key Triggers

Confirmation & Invalidation

✓ Confirmation

Daily close above ~$13.20 (clears the $12.8-$13.2 pivot/supply) with follow-through.

✗ Invalidation

Daily close back below ~$11.45 (loses SMA200 ~$11.49 and breaks the breakout retest area).

Position Entry & Exit Levels

⊕ Add

Start $11.8 – $12.2
Add $11.2 – $11.6
Heavy $10.4 – $10.0

Buy-the-retest plan: $11.8-$12.2 is the breakout retest, $11.2-$11.6 aligns with SMA200/nearby structure, heavy add only on deeper pullback toward EMA50/round-number support to control risk if breakout fails.

⊖ Derisk

Trim 1 $13.8 – $14.4
Trim 2 $15.2 – $16.1
Close $16.1 – $16.8

Trim into overhead supply and extension: $13.8-$14.4 is first prior pivot/swing resistance, $15.2-$16.1 is the next distribution band, and $16.1-$16.8 is the major top area where mean-reversion risk increases.

Frequently Asked Questions

What is the daily technical outlook for CLF today?

As of May 27, 2026, CLF (Cleveland-Cliffs Inc.) is in a breakout reversal state on the daily chart with 63% confidence. Sharp bullish impulse day to ~$12.85 with RSI-14 ~70, reclaiming the clustered EMA50/100/200 and pushing into the $12.8-$13.0 supply zone.

What are the daily support and resistance levels for CLF?

On the daily timeframe, CLF has key support at $11.5 and key resistance at $13.2. The most likely scenario (bullish) targets $13.8 and $15.2, with a revert level at $12.1.

Is CLF in an uptrend or downtrend?

CLF (Cleveland-Cliffs Inc.) is currently classified as breakout reversal on the daily chart, with 63% confidence. Confirmation requires: Daily close above ~$13.20 (clears the $12.8-$13.2 pivot/supply) with follow-through. This would be invalidated by: Daily close back below ~$11.45 (loses SMA200 ~$11.49 and breaks the breakout retest area).

What are the price targets for CLF?

The most likely scenario (bullish) targets $13.8 and $15.2, with a revert level at $12.1. The alternative scenario (bearish) targets $10.4 and $9.00.

Other Timeframes for CLF
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