CIA ENERGETICA DE-SPON ADR (CIG.C) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CIG.C - US2044098828 - ADR
Overall CIG.C gets a technical rating of 2 out of 10. CIG.C has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, CIG.C does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.55, a Stop Loss order could be placed below this zone.
More info and screens
2.46
We found 2 important support areas.
- A support zone ranging from 2.53 to 2.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.48 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @2.58 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.63 to 2.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.80 to 2.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.86 to 2.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CIG.C is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CIG.C is neutral. |
| ChartMill Relative Strength | 45.49 | NEUTRAL | CIG.C is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CIG.C is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CIG.C is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CIG.C is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.33 | NEUTRAL | The RSI value for CIG.C is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CIG.C has a negative trend. |
| Stochastics (14,3) | 13.92 | OVERSOLD | The low Stochastics value suggests CIG.C may be oversold. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for CIG.C suggests some volalility. |
| Average Directional Index/ADX (14) | 10.1 | NEGATIVE | The low ADX value for CIG.C suggests a weak or negative trend. |
2.56
-0.04 (-1.54%)
CIA ENERGETICA DE-SPON ADR / CIG.C FAQ
What is the ChartMill technical rating of CIA ENERGETICA DE-SPON ADR (CIG.C) stock?
ChartMill assigns a technical rating of 2 / 10 to CIG.C.
What is the trend direction for CIG.C stock?
The current trend direction for CIA ENERGETICA DE-SPON ADR (CIG.C) is Bearish.
Can you provide the RSI signal for CIA ENERGETICA DE-SPON ADR?
CIA ENERGETICA DE-SPON ADR (CIG.C) has an RSI value of 42.3325. This indicates that the stock is currently neutral.
What is the MACD signal for CIG.C stock?
The MACD indicator for CIA ENERGETICA DE-SPON ADR (CIG.C) has a value of -0.0178486, indicating a bearish trend.
What is the support and resistance level for CIG.C stock?
CIA ENERGETICA DE-SPON ADR (CIG.C) has a support level at 2.55 and a resistance level at 2.58. Check the full technical report for our detailed analysis of CIG.C support and resistance levels.