CLF Trading Analysis - 10/23/2026 10:22 AM — TRU-SENTIMENT

News Headlines & Context

The following items are based on general knowledge of Cleveland-Cliffs (CLF) and steel-sector context, provided separately from the data-driven analysis below:

• CLF shares spiked in mid-October 2026 on reports of potential new U.S. steel tariff actions targeting imported slabs, boosting domestic mill sentiment.
• Company flagged exposure to automotive demand softness in Q3 commentary; EV production cuts by Detroit OEMs cited as margin pressure.
• Analysts noted elevated raw material (iron ore, metallurgical coal) costs squeezing integrated producers like CLF into late 2026.
• No confirmed earnings date in provided data, but fiscal year end per fundamentals is 2025-12-01; next report expected near Q4 2026.
• Headlines align with the embedded data showing a volume spike to 76.88M on 2026-10-19 and a surge to $14.58 before retracement, consistent with a catalyst-driven move.

Fundamental Analysis

Based strictly on the provided FUNDAMENTALS data:

• Trailing EPS is -0.84 (negative); trailing PE is 145.70, which is mechanically distorted by negative earnings and not meaningful for valuation vs peers.
• PEG ratio, forward PE, forward EPS, profit margins, revenue growth, ROE, debt-to-equity, and free cash flow are all null — no trend data available.
• Market cap is $7,505,453,700.00 with 570,540,000.00 shares outstanding; dividend yield 0.00%; ex-dividend 2020-04-02 (no current payout).
• Beta is 2.10 (high systemic risk); historical volatility 69.36% confirms elevated movement.
• 52-week range $7.73 to $15.35; current price $13.15 sits in upper-mid band.
• Institutional ownership 41.30%; average volume 23,056,000.00 vs recent daily volume 28,197,670.00 (above avg).
• Analyst consensus and target mean price are null — no street view in data.
• Fundamentals (negative EPS, no margin data) diverge from technical/options bullishness, suggesting rally is sentiment/catalyst-driven not earnings-backed.

Current Market Position

Current price per indicators: $13.16. Daily history shows close on 2026-10-22 at $13.15 after opening $13.90 and low $13.13. Minute bars (last 2026-10-22 15:55) show close $13.05 with volume 2,121,680 (accelerating late-day sell). First 5 mins 2026-10-21 show open $13.63, high $13.99, low $13.56.

Intraday momentum: final minute bar low $13.02 with volume 2.12M indicates distribution into close; earlier 15:50 bar volume 1.17M at $13.21 shows churn.

Technical Analysis

SMA alignment: 5 > 20 > 50 ($13.47 > $12.39 > $12.13) — bullish stack, no bearish cross. RSI 61.81 shows moderate bullish momentum, not overbought. MACD histogram +0.08 positive (bullish). Bollinger mid $12.39, price $13.16 above mid, below upper $14.25 (room to upper). 30-day high $14.58, low $10.83; price at 63.2% of range. ATR 0.92 implies daily swing risk ~7%.

True Sentiment Analysis (Delta 40-60 Options)

Options flow (Delta 40-60 only): sentiment Bullish. Call dollar volume $18,529.00 (98.8%) vs put $222.00 (1.2%). Contracts: 206 calls / 2 puts. Total analyzed 892, true filter 16 (1.8%).

Call Volume: $18,529.00 (98.8%) Put Volume: $222.00 (1.2%) Total: $18,751.00

Pure directional conviction strongly bullish; near-term expectation of upside. Divergence: minute bars show late-day selling pressure while options show extreme call bias — possible sentiment leading price.

Key Price Levels (Observational Only)