CIA ENERGETICA DE-SPON ADR (CIG) Stock Technical Analysis
NYSE:CIG - New York Stock Exchange, Inc. - US2044096012 - ADR - Currency: USD
Overall CIG gets a technical rating of 4 out of 10. In the last year, CIG was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
CIG is part of the Electric Utilities industry. There are 46 other stocks in this industry, of which 71% are performing better than CIG.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CIG has a been trading in the 1.75 - 1.93 range, which is quite wide. It is currently trading near the high of this range.
CIG has an average volume of 3868650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CIG outperforms 54% of them, which is more or less in line with the market.
CIG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CIG is lagging the market slightly.
Although the technical rating is only medium, CIG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.87, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.66
2.00
2 important support areas can be observed.
- A support zone ranging from 1.85 to 1.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.68 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.91 to 1.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 1.97 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CIG is up. |
| ChartMill Relative Strength | 54.06 | NEUTRAL | CIG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CIG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CIG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CIG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.89 | NEUTRAL | The RSI value for CIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CIG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.07 | NEUTRAL | The Stochastics value for CIG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for CIG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.65 | NEGATIVE | The low ADX value for CIG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:CIG (5/29/2025, 12:06:02 PM)
1.9
+0.03 (+1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg1.6%
1 Week0.54%
2 Weeks3.31%
1 Month-1.06%
3 Month0.54%
6 Month-4.1%
12 Month0.54%
2 Year7.09%
3 Year-1.58%
5 Year65.71%
10 Year-27.04%
15 Year-71.31%
Volatility
ATR(14)0.06
ATR(20)%2.84%
ATR Inc-0.05%
Range Today0.02
ADR(20)0.04
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.06
Mansfield-0.46
10 Day High1.93
10 Day Low1.77
20 Day High1.93
20 Day Low1.75
52 Week High2.19
52 Week Low1.59
CS1 End1.87
CR1 Start1.91
Volume & EV
DER(3)-0.44%
DER(5)0.66%
Volume638.66K
Volume Incr42.26%
Vol(5)4.16M
Vol(50)3.87M