Technical Analysis for CIG.C - Comp En De Mn Cemig ADS

Grade Last Price % Change Price Change
grade F 3.66 -2.66% -0.10
CIG.C closed down 2.66 percent on Friday, February 21, 2020, on 24 percent of normal volume. 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
Historical CIG.C trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -2.66%
Oversold Stochastic Weakness -2.66%
Narrow Range Bar Range Contraction -2.66%
Inside Day Range Contraction -2.66%
Oversold Stochastic Weakness -2.66%
Stochastic Buy Signal Bullish -3.43%
Lower Bollinger Band Touch Weakness -3.43%

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Profile

Companhia Energetica de Minas Gerais CEMIG is a Brazil-based holding company mainly engaged in the generation, transmission and distribution of electricity. The Company operates through the segments: Generation, Transmission, Distribution, Telecom, Gas and Other. The Company generates electricity at approximately 78 hydroelectric plants, three thermoelectric plants and 23 wind farms. Its electric power transmission business consists of transporting power from the facilities where it is generated to points of consumption, distribution networks and Free Consumers. Its distribution operation consists of transfers of electricity from distribution substations to final consumers. It is also engaged in telecommunications, national and international energy solutions consulting business, exploitation of natural gas, sale and trading of electricity, trading electricity, and acquisition, transport and distribution of gas and its sub products and derivatives.
Energy Natural Gas Telecommunications Electricity Electromagnetism Electrical Engineering Electric Power Electric Power Distribution Energy Solutions

Is CIG.C 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 5.0
52 Week Low 3.1
Average Volume 1,241
200-Day Moving Average 4.06
50-Day Moving Average 3.88
20-Day Moving Average 3.93
10-Day Moving Average 3.83
Average True Range 0.10
ADX 22.97
+DI 18.33
-DI 43.27
Chandelier Exit (Long, 3 ATRs ) 3.94
Chandelier Exit (Short, 3 ATRs ) 3.94
Upper Bollinger Band 4.23
Lower Bollinger Band 3.63
Percent B (%b) 0.06
BandWidth 15.41
MACD Line -0.06
MACD Signal Line -0.02
MACD Histogram -0.04
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.69
Resistance 3 (R3) 3.69 3.67 3.69
Resistance 2 (R2) 3.67 3.67 3.68 3.68
Resistance 1 (R1) 3.67 3.66 3.67 3.67 3.68
Pivot Point 3.65 3.65 3.66 3.66 3.65
Support 1 (S1) 3.65 3.65 3.65 3.65 3.64
Support 2 (S2) 3.63 3.64 3.64 3.64
Support 3 (S3) 3.63 3.63 3.64
Support 4 (S4) 3.63