CLF Trading Analysis - 09/10/2026 04:37 PM — TRU-SENTIMENT

News Headlines & Context:

Recent news headlines for CLF include:

• Cleveland-Cliffs Inc. (CLF) announced its plans to invest in a new electric vehicle (EV) recycling facility, signaling a strategic move towards sustainable growth.
• The company reported a significant increase in steel shipments during the second quarter, beating analyst expectations and driving stock performance.
• CLF's management expressed optimism about the company's future prospects, citing strong demand for steel and a commitment to reducing carbon emissions.

These headlines suggest a positive outlook for CLF, with a focus on sustainable growth, increased production, and strong demand for steel. This context supports a bullish technical and sentiment analysis.

Fundamental Analysis:

Based on the provided fundamentals data:

• Total Revenue: $19.20 billion
• Trailing EPS: -$1.60
• Trailing P/E: -7.56
• Price-to-Book: 3.43
• Debt-to-Equity: 1.32
• Return on Equity (ROE): -14.30%

The negative EPS and ROE indicate challenges in profitability. However, the price-to-book ratio and debt-to-equity ratio suggest that the company has room for improvement in its financial performance.

Current Market Position:

Current price: $11.83

Recent price action shows a slight increase, with the stock trading near its recent highs.

Key support levels: $11.22 (50-day SMA) and $10.87 (Bollinger Band lower bound)

Key resistance levels: $12.31 (recent high) and $12.7 (Bollinger Band upper bound)

Technical Analysis:

SMA trends:

• 5-day SMA: $12.20
• 20-day SMA: $11.79
• 50-day SMA: $11.16

The stock is trading above its 50-day SMA, indicating a bullish trend. The RSI is above 50, suggesting increasing momentum. The MACD is bullish, indicating a potential for further gains.

True Sentiment Analysis (Delta 40-60 Options):

Overall options flow sentiment: Bullish

Call vs Put dollar volume:

• Call dollar volume: $457,079
• Put dollar volume: $100,903

The options flow sentiment is bullish, with a higher call dollar volume compared to put dollar volume. This suggests that traders are expecting the stock price to increase in the near term.

Key Price Levels:

Support levels: $11.16 (50-day SMA) and $10.87 (Bollinger Band lower bound)

Resistance levels: $12.31 (recent high) and $12.7 (Bollinger Band upper bound)

25-Day Price Forecast:

CLF is projected for $11.50 to $13.00

Based on current technical trends, momentum, and indicators, the stock price is expected to trade within a range of $11.50 to $13.00 in 25 days. The forecast considers the 50-day SMA trend, RSI momentum, MACD signals, and recent volatility (ATR).

Defined Risk Strategy Recommendations:

Based on the price forecast, the following defined risk strategies are recommended:

• Bull Call Spread: Buy 11.0 call and sell 12.0 call (expiration date: 2026-10-16)
• Bear Put Spread: Buy 11.0 put and sell 10.0 put (expiration date: 2026-10-16)
• Iron Condor: Buy 10.0 put, sell 11.0 put, buy 12.0 call, and sell 13.0 call (expiration date: 2026-10-16)

These strategies align with the projected price range and offer a defined risk-reward profile.

Risk Factors:

• Technical warning signs: RSI above 70
• Sentiment divergences: none
• Volatility and ATR considerations: increasing volatility

These risk factors could impact the stock price and should be monitored closely.

Summary & Conviction Level:

Overall bias: Bullish

Conviction level: Medium

One-line trade idea: CLF has bullish momentum with strong institutional buying.

**Options Chain:** View CLF Options Chain