Technical Analysis for CIG - Comp En De Mn Cemig

Grade Last Price % Change Price Change
grade F 2.97 -2.30% -0.07
CIG closed down 2.3 percent on Friday, November 15, 2019, on 70 percent of normal volume. The bears made the stock sink to a new 52-week low. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical CIG trend table...

Date Alert Name Type % Chg
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Below Lower BB Weakness 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction -2.30%
Lower Bollinger Band Walk Weakness -2.30%
Oversold Stochastic Weakness -2.30%
Lower Bollinger Band Walk Weakness -1.66%

Older signals for CIG ...

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Profile
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.
Natural Gas Crude Oil Electricity Internet Service Providers Economy Of Brazil Energy Solutions Access Services Electric Energy Telecommunications Operators
Is CIG a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 4.11
52 Week Low 2.95
Average Volume 3,286,363
200-Day Moving Average 3.5693
50-Day Moving Average 3.3156
20-Day Moving Average 3.2195
10-Day Moving Average 3.133
Average True Range 0.0766
ADX 24.9
+DI 10.6697
-DI 34.9562
Chandelier Exit (Long, 3 ATRs ) 3.1602
Chandelier Exit (Short, 3 ATRs ) 3.1798
Upper Bollinger Band 3.4583
Lower Bollinger Band 2.9807
Percent B (%b) -0.02
BandWidth 14.834602
MACD Line -0.0859
MACD Signal Line -0.0595
MACD Histogram -0.0264
Fundamentals Value
Market Cap 3.74 Billion
Num Shares 1.26 Billion
EPS 0.14
Price-to-Earnings (P/E) Ratio 21.21
Price-to-Sales 0.52
Price-to-Book 0.76
PEG Ratio 0.00
Dividend 0.08
Dividend Yield 2.69%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.08
Resistance 3 (R3) 3.08 3.05 3.06
Resistance 2 (R2) 3.05 3.02 3.05 3.05
Resistance 1 (R1) 3.01 3.01 3.00 3.01 3.05
Pivot Point 2.98 2.98 2.97 2.98 2.98
Support 1 (S1) 2.94 2.95 2.93 2.94 2.89
Support 2 (S2) 2.91 2.94 2.91 2.89
Support 3 (S3) 2.87 2.91 2.88
Support 4 (S4) 2.87