Technical Analysis for CIG - Comp En De Mn Cemig

Grade Last Price % Change Price Change
grade A 3.73 2.47% 0.09
CIG closed up 2.47 percent on Thursday, January 17, 2019, on 49 percent of normal volume.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Up
See historical CIG trend table...

Date Alert Name Type % Chg
Jan 16 MACD Bearish Signal Line Cross Bearish 2.47%
Jan 16 Narrow Range Bar Range Contraction 2.47%
Jan 16 NR7 Range Contraction 2.47%
Jan 16 Overbought Stochastic Strength 2.47%
Jan 16 Down 3 Days in a Row Weakness 2.47%
Jan 16 Gapped Down Weakness 2.47%
Jan 15 Spinning Top Other 1.08%
Jan 15 Overbought Stochastic Strength 1.08%
Jan 14 NR7 Range Contraction 0.81%
Jan 14 Overbought Stochastic Strength 0.81%

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.
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: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 3.8
52 Week Low 1.56
Average Volume 4,270,557
200-Day Moving Average 2.4084
50-Day Moving Average 3.2868
20-Day Moving Average 3.5715
10-Day Moving Average 3.667
Average True Range 0.126
ADX 32.56
+DI 33.2123
-DI 17.6617
Chandelier Exit (Long, 3 ATRs ) 3.422
Chandelier Exit (Short, 3 ATRs ) 3.508
Upper Bollinger Band 3.8584
Lower Bollinger Band 3.2846
Percent B (%b) 0.78
BandWidth 16.066079
MACD Line 0.1328
MACD Signal Line 0.139
MACD Histogram -0.0063
Fundamentals Value
Market Cap 4.7 Billion
Num Shares 1.26 Billion
EPS 0.14
Price-to-Earnings (P/E) Ratio 26.64
Price-to-Sales 0.52
Price-to-Book 0.76
PEG Ratio 0.00
Dividend 0.08
Dividend Yield 2.14%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.88
Resistance 3 (R3) 3.87 3.80 3.86
Resistance 2 (R2) 3.80 3.77 3.81 3.85
Resistance 1 (R1) 3.77 3.74 3.79 3.78 3.84
Pivot Point 3.70 3.70 3.71 3.71 3.70
Support 1 (S1) 3.67 3.67 3.69 3.68 3.62
Support 2 (S2) 3.60 3.64 3.61 3.61
Support 3 (S3) 3.57 3.60 3.61
Support 4 (S4) 3.58