Cleveland Cliffs Inc. Stock Beats Q2 Estimates — Despite a Net Loss

Cleveland Cliffs Inc. stock surged on July 23, closing at $11.06 after hitting a session high of $11.46 on Q2 2026 earnings. The company beat estimates by +4.76% on EPS and +1.88% on revenue, yet still posted a net loss — creating a contested technical picture.

Key takeaways

• Cleveland Cliffs Inc. stock closed at $11.06, breaking above both the EMA50 ($10.59) and EMA200 ($10.81) for the first time in the recent range.
• Q2 earnings beat estimates by +4.76% on EPS and +1.88% on revenue, despite the company reporting a net loss.
• The daily MACD histogram flipped positive at +0.15, signaling decelerating bearish momentum — though the trend has not yet confirmed as bullish.
• Hourly RSI hit 71.05, entering overbought territory and suggesting near-term consolidation is likely before further upside.
• The $10.67–$10.81 zone forms the critical support band; a breakdown below it would invalidate the bullish thesis.

Daily Timeframe: Cleveland Cliffs Inc. Stock Breaks Above Key Resistance

Cleveland Cliffs Inc. stock has broken above both its 50-day and 200-day exponential moving averages on the daily chart. This marks the first concurrent clearance of these levels in the recent range — a structural shift.

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