CIA ENERGETICA DE-SPON ADR (CIG) Stock Technical Analysis
USA - NYSE:CIG - US2044096012 - ADR
2.08 USD
0 (0%)
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.
Both the short term and long term trends are positive. This is a very positive sign.
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 1.92 - 2.13 range, which is quite wide. It is currently trading near the high of this range.
CIG has an average volume of 2321220 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 50% of them, which is more or less in line with the market.
CIG is part of the Electric Utilities industry. There are 48 other stocks in this industry, CIG did better than 53% of them.
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.
More info and screens
1.71
2.11
We found 4 important support areas.
- A support zone ranging from 1.91 to 2.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.86 to 1.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.80 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 @2.09 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 | 50.24 | 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) | 61.61 | 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) | 80.39 | OVERBOUGHT | The high Stochastics value suggests CIG may be overbought. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for CIG suggests low volalility. |
| Average Directional Index/ADX (14) | 23.43 | 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)
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 |
|---|---|---|---|
| 2.10 | 1.99 | 0.11 (5.24%) | 19.09% |
| An entry @2.10. This is a Buy Stop order right above the resistance zone. | An exit @1.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.11 points, which is 5.24%. | For a 1.00% total portfolio risk, you can invest 19.09% of your capital in this trade. |
- 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.
NYSE:CIG (9/22/2025, 2:07:09 PM)
2.08
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0%
1 Week1.96%
2 Weeks1.96%
1 Month9.47%
3 Month8.33%
6 Month13.04%
12 Month2.46%
2 Year11.74%
3 Year33.86%
5 Year90.01%
10 Year106.07%
15 Year-72.03%
Volatility
ATR(14)0.04
ATR(20)%1.87%
ATR Inc5.94%
Range Today0.03
ADR(20)0.04
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.24
Mansfield-0.17
10 Day High2.13
10 Day Low2
20 Day High2.13
20 Day Low1.92
52 Week High2.13
52 Week Low1.59
CS1 End2.06
CR1 Start2.09
Volume & EV
DER(3)3.87%
DER(5)3.18%
Volume776.50K
Volume Incr14.24%
Vol(5)2.57M
Vol(50)2.32M