Technical Analysis for CIG - Comp En De Mn Cemig

Grade Last Price % Change Price Change
grade C 3.55 -4.83% -0.18
CIG closed down 4.83 percent on Friday, March 22, 2019, on approximately 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 Up Down Down
See historical CIG trend table...

Date Alert Name Type % Chg
Mar 22 Fell Below 50 DMA Bearish 0.00%
Mar 22 MACD Bearish Signal Line Cross Bearish 0.00%
Mar 22 Down 3 Days in a Row Weakness 0.00%
Mar 22 Down 4 Days in a Row Weakness 0.00%
Mar 22 Lower Bollinger Band Touch Weakness 0.00%
Mar 21 Fell Below 20 DMA Bearish -4.83%
Mar 21 Stochastic Sell Signal Bearish -4.83%
Mar 21 50 DMA Support Bullish -4.83%
Mar 21 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -4.83%
Mar 21 Overbought Stochastic Strength -4.83%

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 Access Services Energy Solutions 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: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 3.98
52 Week Low 1.56
Average Volume 4,014,378
200-Day Moving Average 2.7335
50-Day Moving Average 3.717
20-Day Moving Average 3.7675
10-Day Moving Average 3.806
Average True Range 0.1327
ADX 18.12
+DI 22.4783
-DI 29.0646
Chandelier Exit (Long, 3 ATRs ) 3.5819
Chandelier Exit (Short, 3 ATRs ) 3.8881
Upper Bollinger Band 3.9912
Lower Bollinger Band 3.5438
Percent B (%b) 0.01
BandWidth 11.875249
MACD Line 0.0203
MACD Signal Line 0.0378
MACD Histogram -0.0175
Fundamentals Value
Market Cap 4.47 Billion
Num Shares 1.26 Billion
EPS 0.14
Price-to-Earnings (P/E) Ratio 25.36
Price-to-Sales 0.52
Price-to-Book 0.76
PEG Ratio 0.00
Dividend 0.08
Dividend Yield 2.25%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.76
Resistance 3 (R3) 3.78 3.72 3.73
Resistance 2 (R2) 3.72 3.67 3.72 3.71
Resistance 1 (R1) 3.64 3.64 3.61 3.62 3.70
Pivot Point 3.58 3.58 3.57 3.58 3.58
Support 1 (S1) 3.50 3.53 3.47 3.48 3.40
Support 2 (S2) 3.44 3.50 3.44 3.39
Support 3 (S3) 3.36 3.44 3.38
Support 4 (S4) 3.34