CIA ENERGETICA DE-SPON ADR (CIG) Stock Technical Analysis
USA - NYSE:CIG - US2044096012 - ADR
Taking everything into account, CIG scores 8 out of 10 in our technical rating. Although CIG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CIG has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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1.71
We found 6 important support areas.
- A support zone ranging from 2.01 to 2.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.93 to 1.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.89 to 1.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.86 from a horizontal line in the daily time frame.
- Support @1.78 from a horizontal line in the daily time frame.
- Support @1.73 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.15 to 2.15. 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 | UP | POSITIVE | The long term trend for CIG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CIG is up. |
| ChartMill Relative Strength | 74.29 | POSITIVE | CIG has a high relative strength, it outperformed 74.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CIG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CIG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CIG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.14 | NEUTRAL | The RSI value for CIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CIG has a positive trend. |
| Stochastics (14,3) | 95.14 | OVERBOUGHT | The high Stochastics value suggests CIG may be overbought. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for CIG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.77 | NEGATIVE | The low ADX value for CIG suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.16 | 1.95 | 0.21 (9.72%) | 10.29% |
| An entry @2.16. This is a Buy Stop order right above the resistance zone. | An exit @1.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.21 points, which is 9.72%. | When investing 10.29% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.14
+0.01 (+0.47%)
CIA ENERGETICA DE-SPON ADR / CIG FAQ
What is the ChartMill technical rating of CIA ENERGETICA DE-SPON ADR (CIG) stock?
ChartMill assigns a technical rating of 8 / 10 to CIG.
What is the trend direction for CIG stock?
The current trend direction for CIA ENERGETICA DE-SPON ADR (CIG) is Bullish.
What is the RSI signal for CIA ENERGETICA DE-SPON ADR (CIG) stock?
CIA ENERGETICA DE-SPON ADR (CIG) has an RSI value of 65.1416. This indicates that the stock is currently neutral.
What is the MACD signal for CIA ENERGETICA DE-SPON ADR (CIG) stock?
The MACD indicator for CIA ENERGETICA DE-SPON ADR (CIG) has a value of 0.0183719, indicating a bearish trend.
Can you provide the buy/sell signal for CIA ENERGETICA DE-SPON ADR?
The buy/sell signal for CIA ENERGETICA DE-SPON ADR (CIG) is buy as both the short term and long term trends are positive.