Technical Analysis for CIG - Comp En De Mn Cemig

Grade Last Price % Change Price Change
B 2.46 -0.40% -0.01
CIG closed down 0.4 percent on Wednesday, April 24, 2024, on 69 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Bollinger Band Squeeze Range Contraction -0.40%
Gapped Down Weakness -0.40%
Fell Below 20 DMA Bearish -0.40%
Bollinger Band Squeeze Range Contraction -0.40%
BB Squeeze Started Range Contraction -0.40%
Crossed Above 20 DMA Bullish -0.81%
Gapped Up Strength -0.81%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 13 hours ago
Fell Below Previous Day's Low about 16 hours ago
Down 1% about 17 hours ago
Fell Below 10 DMA about 17 hours ago
Reversed from Down 1 day 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 2.61
52 Week Low 1.9714
Average Volume 2,700,602
200-Day Moving Average 2.29
50-Day Moving Average 2.38
20-Day Moving Average 2.49
10-Day Moving Average 2.46
Average True Range 0.06
RSI (14) 53.05
ADX 18.36
+DI 23.73
-DI 20.47
Chandelier Exit (Long, 3 ATRs) 2.43
Chandelier Exit (Short, 3 ATRs) 2.56
Upper Bollinger Bands 2.58
Lower Bollinger Band 2.39
Percent B (%b) 0.36
BandWidth 7.41
MACD Line 0.02
MACD Signal Line 0.03
MACD Histogram -0.011
Fundamentals Value
Market Cap 5.41 Billion
Num Shares 2.2 Billion
EPS 0.48
Price-to-Earnings (P/E) Ratio 5.13
Price-to-Sales 0.15
Price-to-Book 1.01
PEG Ratio 0.00
Dividend 1.01
Dividend Yield 41.06%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.51
Resistance 3 (R3) 2.50 2.48 2.50
Resistance 2 (R2) 2.48 2.47 2.48 2.49
Resistance 1 (R1) 2.47 2.46 2.48 2.48 2.49
Pivot Point 2.45 2.45 2.45 2.45 2.45
Support 1 (S1) 2.44 2.44 2.45 2.45 2.43
Support 2 (S2) 2.42 2.43 2.42 2.43
Support 3 (S3) 2.41 2.42 2.42
Support 4 (S4) 2.42