Technical Analysis for CIG - Comp En De Mn Cemig

Grade Last Price % Change Price Change
grade D 2.2 -5.17% -0.12
CIG closed down 5.17 percent on Friday, August 7, 2020, on 83 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical CIG trend table...

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Inside Day Range Contraction 0.00%
50 DMA Support Bullish -5.17%
Bullish Engulfing Bullish -5.17%
Crossed Above 20 DMA Bullish -5.17%
Expansion Pivot Buy Setup Bullish Swing Setup -5.17%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -5.17%
Outside Day Range Expansion -5.17%

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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 Electricity Crude Oil Internet Service Providers Access Services Energy Solutions Economy Of Brazil 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

Indicators

Indicator Value
52 Week High 3.78
52 Week Low 1.28
Average Volume 3,565,051
200-Day Moving Average 2.59
50-Day Moving Average 2.22
20-Day Moving Average 2.28
10-Day Moving Average 2.33
Average True Range 0.11
ADX 14.65
+DI 17.12
-DI 17.10
Chandelier Exit (Long, 3 ATRs ) 2.16
Chandelier Exit (Short, 3 ATRs ) 2.43
Upper Bollinger Band 2.49
Lower Bollinger Band 2.07
Percent B (%b) 0.31
BandWidth 18.62
MACD Line 0.03
MACD Signal Line 0.05
MACD Histogram -0.0201
Fundamentals Value
Market Cap 2.77 Billion
Num Shares 1.26 Billion
EPS 0.14
Price-to-Earnings (P/E) Ratio 15.71
Price-to-Sales 0.52
Price-to-Book 0.76
PEG Ratio 0.00
Dividend 0.08
Dividend Yield 3.64%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.31
Resistance 3 (R3) 2.31 2.28 2.29
Resistance 2 (R2) 2.28 2.25 2.28 2.28
Resistance 1 (R1) 2.24 2.24 2.23 2.24 2.28
Pivot Point 2.21 2.21 2.20 2.21 2.21
Support 1 (S1) 2.17 2.18 2.16 2.17 2.12
Support 2 (S2) 2.14 2.17 2.14 2.12
Support 3 (S3) 2.10 2.14 2.11
Support 4 (S4) 2.10