CIA ENERGETICA DE-SPON ADR (CIG) Stock Technical Analysis
NYSE:CIG - US2044096012 - ADR
2.045 USD
+0.04 (+1.74%)
Taking everything into account, CIG scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CIG is only an average performer.
CIG is one of the lesser performing stocks in the Electric Utilities industry. 60% of 47 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
CIG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CIG is lagging the market slightly.
In the last month CIG has a been trading in the 1.79 - 2.02 range, which is quite wide. It is currently trading near the high of this range.
CIG has an average volume of 2584840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CIG turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
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
2.08
We found 5 important support areas.
- Support @2.00 from a horizontal line in the daily time frame.
- A support zone ranging from 1.91 to 1.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.85 to 1.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.81 to 1.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.73 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @2.06 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 | 44.52 | NEUTRAL | CIG is not amongst the best or worst performers 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) | 62.01 | NEUTRAL | The RSI value for CIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CIG has a positive trend. |
| Stochastics (14,3) | 90.67 | OVERBOUGHT | The high Stochastics value suggests CIG may be overbought. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for CIG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.79 | 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 (8/28/2025, 2:17:41 PM)
2.045
+0.04 (+1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg1.74%
1 Week3.08%
2 Weeks2.03%
1 Month9.24%
3 Month7.49%
6 Month8.06%
12 Month-1.95%
2 Year7.09%
3 Year10.72%
5 Year73.31%
10 Year68.79%
15 Year-73.13%
Volatility
ATR(14)0.05
ATR(20)%2.44%
ATR Inc-22.22%
Range Today0.03
ADR(20)0.04
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.52
Mansfield-0.36
10 Day High2.02
10 Day Low1.88
20 Day High2.02
20 Day Low1.79
52 Week High2.15
52 Week Low1.59
CS1 End2
CR1 Start2.06
Volume & EV
DER(3)0.98%
DER(5)2.8%
Volume2.89M
Volume Incr-4.26%
Vol(5)2.26M
Vol(50)2.58M