Cleveland-Cliffs Inc.
Here’s whether Cleveland-Cliffs Inc. (CLF) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bullish.
Positives: trading above the 200-day MA (long-term uptrend intact); above the 50-day MA (medium-term momentum positive); RSI 46 — healthy momentum range; strong 1-year return of +12.7%; 3-month momentum positive (+15.4%). Concerns: 50-day MA is falling (-0.81% over 10 days); declining volume on rally — weak conviction (0.62x 30d avg). Currently 28.7% off its 52-week high. Score: +4/7.
CLF is in a confirmed uptrend, trading above both its 50-day ($11.29) and 200-day ($11.39) moving averages. An RSI of 45.9 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +12.7% compares to +20.4% for SPY (trailed the market by 7.7%). The current 28.7% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.