CLF Price Prediction Next Week
Technical Analysis: Based on the latest price data for CLF, the stock has shown a significant decline, currently trading at $11.35, down 5.26% in the last session .
Price Trend Analysis:
- The stock has experienced a downward trend over recent sessions
- Current price at $11.35 shows weakness compared to previous trading levels
- Volume has increased on down days, indicating selling pressure
News Impact:
- Recent news indicates CLF may face challenges due to cheap steel exports from abroad
- However, there's positive sentiment around potential tariffs that could benefit domestic steel producers
- The stock has shown a +22% gain year-to-date in 2025, demonstrating underlying strength despite recent pullback
Support and Resistance Levels:
- Immediate support: $10.85 (previous resistance turned support)
- Key resistance: $11.48 (recent high)
- Secondary resistance: $12.00 (psychological level)
Price Prediction for Next Week: Based on technical indicators and news sentiment:
- Target Price Range: $10.85 - $12.15
- Most Likely Scenario: Initial test of $10.85 support early in the week, followed by a bounce toward $11.75
- Probability: 65% chance of ending the week higher
Trading Recommendation: BUY at current levels ($11.35) with:
- Entry: $11.35
- Stop Loss: $10.75
- First Target: $11.75
- Second Target: $12.15
The recommendation is based on:
- Oversold conditions after recent decline
- Positive sentiment around potential tariff protection
- Strong YTD performance indicating underlying strength
- Increased volume suggesting potential capitulation
CLF Similar Chart Price Prediction
The price of CLF is predicted to go up -1.2%, based on the high correlation periods with DDT. The similarity of these two price pattern on the periods is 92.39%.
CLF
DDT
Down: -1.2%Similarity: 92.39%
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CLF Analyst's Forecast
Gordon Johnson
GLJ Research
Strong Sell → Strong Buy
2025-01-07
Price Target
$14
Upside
+41.92%
GLJ Research double upgraded Cleveland-Cliffs to Buy from Sell with a $14.27 year-end 2025 price target. While the firm believes "strongly" that the U.S. economy is in "much worse shape than many pundits acknowledge," with Trump set to take office and his pro-tariff policies set to be implemented across a number of industries, likely including the steel sector, GLJ sees a move up in U.S. hot rolled coil steel prices as likely in near-term given what it dubs the "Trump put."
Alexander Hacking
Citigroup
Hold
2024-12-19
Price Target
$13 → $11
Upside
+17.84%
Mike Harris
Goldman Sachs
Strong Buy
2024-12-02
Price Target
$16
Upside
+24.71%
