Technical Analysis for CIG - Comp En De Mn Cemig

Grade Last Price % Change Price Change
B 2.52 2.02% 0.05
CIG closed up 2.02 percent on Monday, May 13, 2024, on 42 percent of normal volume.
Earnings due: May 14
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
20 DMA Support Bullish 2.02%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.02%
Wide Range Bar Range Expansion 2.02%
Outside Day Range Expansion 2.02%
Gapped Up Strength 2.02%
Down 3 Days in a Row Weakness 2.02%
Down 4 Days in a Row Weakness 2.02%

   Recent Intraday Alerts

Alert Time
10 DMA Resistance about 9 hours ago
Up 3% about 9 hours ago
Up 2% about 9 hours ago
Up 1% about 9 hours ago
Up 1 ATR about 9 hours ago

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Profile

Comp En De Mn Cemig Description

Companhia Energética de Minas Gerais S.A., through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. As of December 31, 2012, the company generated electricity at 59 hydroelectric plants, 3 thermoelectric plants, and 3 wind farms; had a total installed capacity of 7,038 megawatts; owned and operated 13,670 miles of transmission lines; and owned and operated 308,466 miles of distribution lines, through which it supplied electricity to approximately 7.5 million end-consumers. It also acquires, transports, distributes, and sells natural gas; engages in the exploration and production of crude oil and natural gas; provides signal transportation and access services for point-to-point and point-to-multipoint applications, primarily to telecommunications operators and Internet service providers on a clear channel basis; offers services related to the sale and trading of electricity in the Brazilian electricity sector; engages in the implementation and management of systems for electricity sector companies; and engages in the national and international consulting business that provides energy solutions to governments and public utility companies in the electricity industry. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.


Classification

Sector: Utilities
Industry: Utilities - Diversified
Keywords: Natural Gas Electricity Crude Oil Internet Service Provider Energy Solutions Public Utility Electric Energy Wind Farm Telecommunications Operators Cemig

Is CIG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 2.68
52 Week Low 1.9331
Average Volume 2,372,625
200-Day Moving Average 2.26
50-Day Moving Average 2.40
20-Day Moving Average 2.46
10-Day Moving Average 2.53
Average True Range 0.08
RSI (14) 54.75
ADX 16.98
+DI 21.90
-DI 26.05
Chandelier Exit (Long, 3 ATRs) 2.44
Chandelier Exit (Short, 3 ATRs) 2.57
Upper Bollinger Bands 2.66
Lower Bollinger Band 2.27
Percent B (%b) 0.64
BandWidth 15.82
MACD Line 0.04
MACD Signal Line 0.04
MACD Histogram 0.0016
Fundamentals Value
Market Cap 5.55 Billion
Num Shares 2.2 Billion
EPS 0.48
Price-to-Earnings (P/E) Ratio 5.25
Price-to-Sales 0.15
Price-to-Book 1.01
PEG Ratio 0.00
Dividend 1.01
Dividend Yield 40.08%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.60
Resistance 3 (R3) 2.61 2.59 2.59
Resistance 2 (R2) 2.59 2.57 2.58 2.58
Resistance 1 (R1) 2.55 2.55 2.57 2.55 2.58
Pivot Point 2.53 2.53 2.54 2.53 2.53
Support 1 (S1) 2.50 2.51 2.52 2.49 2.46
Support 2 (S2) 2.48 2.50 2.47 2.46
Support 3 (S3) 2.44 2.48 2.45
Support 4 (S4) 2.44