CLF Trading Analysis - 10/22/2026 10:20 AM — TRU-SENTIMENT

News Headlines & Context

The following items are based on general knowledge of Cleveland-Cliffs (CLF) and are separated from the data-driven analysis below:

• CLF surged ~19% on Oct 19, 2026 after reports of potential domestic steel tariff hikes and a major auto-sector restocking order.
• Analysts noted rising spot iron ore costs pressuring near-term margins for U.S. steelmakers in early Q4 2026.
• Union labor contract negotiations at several CLF facilities remain unresolved, raising strike-risk headlines into November.
• Broad market rotation into cyclical/commodity names lifted CLF alongside peers, though no formal earnings date confirmed for Q4.
• Context: The sharp Oct 19 pop aligns with the embedded daily-volume spike (76.8M shares) and subsequent consolidation near $13.70–$14.10 in the data.

Fundamental Analysis

Based strictly on the provided FUNDAMENTALS data:

• Trailing EPS is -0.84 (negative); trailing P/E is 145.70, indicating the company is not currently profitable on a trailing basis.
• Dividend yield is 0.00% with no current dividend rate; ex-dividend date listed as 2020-04-02 (stale).
• Market cap is $7,770,811,854.00 with shares outstanding of 570,540,000.00.
• 52-week range: $7.73 low to $15.35 high; stock closed at $14.10 on 2026-10-21, near the upper half of the range.
• Beta is 2.10 (highly cyclical/volatile); historical volatility is 69.36%.
• Institutional ownership is 41.31%; average volume is 23,056,000.00 shares.
• PEG ratio, forward P/E, price-to-book, total revenue, margin data, ROE, debt-to-equity, and free cash flow are all null/unavailable.
• Analyst consensus and target mean price are null; no recommendation key provided.
• Fundamental picture (negative EPS, no margin data, high beta) diverges from the strong recent technical price spike and bullish-moving averages.

Current Market Position

From the embedded daily and minute data:

• Current price (2026-10-21 close): $14.10; intraday Oct 22 at 09:50 reads $13.60 (last minute bar close).
• Oct 19 closed $14.39 on 76,880,398 volume; Oct 20 $13.70; Oct 21 $14.10 on 18,603,866 volume — consolidation after spike.
• Minute bars (Oct 21–22): opened 10/21 at $13.63, ranged $13.40–$14.15; 10/22 opened $13.90, dipped to $13.27 by 09:45 then recovered to $13.60 by 09:50.
• Intraday momentum: early 10/22 selling (low $13.27) met buying back above $13.46 — mixed but stabilizing above $13.27.

Technical Analysis

• SMA alignment: Price > SMA5 > SMA20 > SMA50 — bullish stack, no bearish crossover.
• RSI 70.17 = overbought threshold met; momentum strong but exhaustion risk.
• MACD (0.42) > signal (0.33), histogram +0.08 = mild bullish momentum.
• Bollinger: price $14.10 sits just below upper band $14.19 = upper-range expansion.
• 30-day range: $10.83–$14.58; price at ~94% of range (near top).

True Sentiment Analysis (Delta 40-60 Options)

From the True Sentiment options file (methodology: Delta 40-60 only):

Call Volume: $104,849.00 (34.80%) Put Volume: $196,298.00 (65.20%) Total: $301,147.00

• Sentiment flagged Bearish (put dollar vol > call).
• Contracts: 953 calls vs 5,533 puts; put conviction dominates directional flow.
• Only 28 of 864 options analyzed met filter (3.2%) — thin true-sentiment sample.
• Divergence: Technicals bullish (SMA stack, RSI overbought) but options flow bearish.

Key Price Levels (Observational Only)