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: Neutral.
Positives: trading above the 200-day MA (long-term uptrend intact); above the 50-day MA (medium-term momentum positive); 3-month momentum positive (+22.2%); rising volume confirms the move (1.29x 30d avg). Concerns: 50-day MA is falling (-1.40% over 10 days); RSI 73 — overbought, elevated pullback risk. Currently 28.6% off its 52-week high. Score: +3/7.
CLF is in a confirmed uptrend, trading above both its 50-day ($11.27) and 200-day ($11.52) moving averages. With an RSI of 73.3, momentum has stretched into overbought territory — short-term pullbacks are common from these levels. The 1-year return of +9.3% compares to +16.5% for SPY (trailed the market by 7.1%). The current 28.6% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.