CIA ENERGETICA DE-SPON ADR (CIG) Stock Technical Analysis
NYSE:CIG - New York Stock Exchange, Inc. - US2044096012 - ADR - Currency: USD
We assign a technical rating of 0 out of 10 to CIG. CIG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CIG is a bad performer in the overall market: 77% of all stocks are doing better.
CIG is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 82% are performing better than CIG.
CIG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CIG has an average volume of 2908130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CIG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CIG is lagging the market.
Although the technical rating is bad, CIG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.78, a Stop Loss order could be placed below this zone.
More info and screens
1.66
2.08
We found 3 important support areas.
- Support @1.78 from a horizontal line in the daily time frame.
- Support @1.71 from a horizontal line in the weekly time frame.
- Support @1.68 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.82 to 1.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.87 to 1.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.97 to 2.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for CIG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CIG is down. |
| ChartMill Relative Strength | 23.05 | NEGATIVE | CIG has a low relative strength, it was outperformed by 76.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CIG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CIG is below 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) | 41.37 | NEUTRAL | The RSI value for CIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CIG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.74 | NEUTRAL | The Stochastics value for CIG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for CIG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.35 | NEUTRAL | The ADX value for CIG suggests a possible start of a new 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)
1.82
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0%
1 Week0.55%
2 Weeks-1.62%
1 Month-9%
3 Month-4.21%
6 Month-2.67%
12 Month-6.19%
2 Year-3.03%
3 Year0.25%
5 Year56.93%
10 Year52.83%
15 Year-75.67%
Volatility
ATR(14)0.05
ATR(20)%2.65%
ATR Inc-4.55%
Range Today0.04
ADR(20)0.04
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.05
Mansfield-1.16
10 Day High1.9
10 Day Low1.79
20 Day High2
20 Day Low1.79
52 Week High2.19
52 Week Low1.59
CS1 End1.78
CR1 Start1.82
Volume & EV
DER(3)-7.34%
DER(5)-2.7%
Volume1.17M
Volume Incr-16.53%
Vol(5)2.04M
Vol(50)2.91M