CIA ENERGETICA DE-SPON ADR (CIG) Stock Technical Analysis
USA - NYSE:CIG - US2044096012 - ADR
Overall CIG gets a technical rating of 8 out of 10. 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.
Although CIG has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
1.71
We found 6 important support areas.
- A support zone ranging from 2.02 to 2.04. 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.
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 | 76.73 | POSITIVE | CIG has a high relative strength, it outperformed 76.73% 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) | 66.7 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 83.75 | OVERBOUGHT | The high Stochastics value suggests CIG may be overbought. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for CIG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.74 | NEUTRAL | The ADX value for CIG suggests a possible start of a new trend. |
2.17
-0.01 (-0.46%)
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 66.7027. 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 0.0198336, 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.