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CLF

monthly
Daily Weekly Monthly
BOTTOMING ATTEMPT
Support
$9.00
Resistance
$13.3
CLF Cleveland-Cliffs Inc. monthly candlestick chart with 50-day and 200-day moving averages, EMA crossovers, and RSI momentum indicator — bottoming attempt as of May 27, 2026
CLF Monthly chart 2026-05-27 15:20:38 UTC
AI-generated analysis — not financial advice. For educational purposes only.

CLF Monthly Technical Analysis Summary

As of May 27, 2026, CLF (Cleveland-Cliffs Inc.) is in a bottoming attempt state on the monthly chart, with a confidence level of 62%. Key support is at $9.00 and key resistance at $13.3. Monthly bounce off the $8-$9 swing-low area, but price ($12.94) still below EMA50 ($13.32) and well below EMA100 ($14.63)/EMA200 ($17.15); prior structure remains LH/LL.

Price Scenarios & Targets

bullish

Base-building continuation: price consolidates above $9 and grinds back through EMA50; if it can hold above $13.3, it likely mean-reverts toward EMA100 then prior supply near mid-teens.

Price Target
$17.2
Path to target
First move
$14.6
Pullback
$13.3
Final target
$17.2

bearish

Failed reclaim: rally stalls at $13.3-$14.6 (EMA50/EMA100 zone) and rolls over, retesting the base; a loss of $9 increases odds of a deeper flush.

Price Target
$7.00
Path to target
First move
$9.00
Pullback
$12.0
Final target
$7.00

Key Triggers

Confirmation & Invalidation

✓ Confirmation

2 consecutive monthly closes above $13.32 (EMA50) and then a close above $14.63 (EMA100).

✗ Invalidation

Monthly close below $8.00 (break of the recent swing-low reference).

Position Entry & Exit Levels

⊕ Add

Start $9.20 – $10.2
Add $8.20 – $9.20
Heavy $6.80 – $8.20

Buy zones are stacked around the swing-low support (~$9) and a possible Fibonacci 0.786/undercut area (~$7-$8) if the base fails; upside needs EMA50/EMA100 reclaim to confirm.

⊖ Derisk

Trim 1 $17.0 – $19.0
Trim 2 $22.0 – $26.0
Close $28.0 – $34.0

Trim into mean-reversion and long-term supply: EMA200 (~$17) first, SMA200 (~$22) next, then prior cycle/upper-range resistance into high-$20s/$30s where parabolic risk rises.

Frequently Asked Questions

What is the monthly technical outlook for CLF today?

As of May 27, 2026, CLF (Cleveland-Cliffs Inc.) is in a bottoming attempt state on the monthly chart with 62% confidence. Monthly bounce off the $8-$9 swing-low area, but price ($12.94) still below EMA50 ($13.32) and well below EMA100 ($14.63)/EMA200 ($17.15); prior structure remains LH/LL.

What are the monthly support and resistance levels for CLF?

On the monthly timeframe, CLF has key support at $9.00 and key resistance at $13.3. The most likely scenario (bullish) targets $14.6 and $17.2, with a revert level at $13.3.

Is CLF in an uptrend or downtrend?

CLF (Cleveland-Cliffs Inc.) is currently classified as bottoming attempt on the monthly chart, with 62% confidence. Confirmation requires: 2 consecutive monthly closes above $13.32 (EMA50) and then a close above $14.63 (EMA100). This would be invalidated by: Monthly close below $8.00 (break of the recent swing-low reference).

What are the price targets for CLF?

The most likely scenario (bullish) targets $14.6 and $17.2, with a revert level at $13.3. The alternative scenario (bearish) targets $9.00 and $7.00.

Other Timeframes for CLF
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