CIA ENERGETICA DE-SPON ADR (CIG)

US2044096012 - ADR

2.51  +0.04 (+1.62%)

After market: 2.51 0 (0%)

Technical Rating and Analysis

7

Overall CIG gets a technical rating of 7 out of 10. CIG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CIG is one of the better performing stocks in the Electric Utilities industry, it outperforms 84% of 45 stocks in the same industry.
In the last month CIG has a been trading in the 2.20 - 2.52 range, which is quite wide. It is currently trading near the high of this range.
CIG has an average volume of 2632240 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 64% of all stocks.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
CIG Weekly chart
CIG Daily chart
Setup Rating and Analysis

2

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.

Support and Resistance Analysis

1.93

2.76

4 important support areas can be observed.

  • A support zone ranging from 2.36 to 2.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 2.20 to 2.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @2.16 from a horizontal line in the daily time frame.
  • Support @1.95 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

  • A resistance zone ranging from 2.66 to 2.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 2.72 to 2.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.51
Mansfield-1.03
10 Day High2.52
10 Day Low2.2
20 Day High2.52
20 Day Low2.2
52 Week High2.75
52 Week Low2.11
Performance
1 Week6.81%
2 Weeks9.13%
1 Month6.81%
3 Month8.19%
6 Month3.72%
12 Month12.05%
2 Year1.34%
3 Year43.74%
5 Year-4.63%
10 Year-49.93%
15 Year-64%
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)66.64
LBB2.18
UBB2.53
CIG Daily chart

CIA ENERGETICA DE-SPON ADR

NYSE:CIG (3/27/2024, 8:05:33 PM)

After market: 2.51 0 (0%)

2.51

+0.04 (+1.62%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg1.62%
1 Week6.81%
2 Weeks9.13%
1 Month6.81%
3 Month8.19%
6 Month3.72%
12 Month12.05%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.07
ATR(20)%2.5%
ATR Inc
Range Today0.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.52
10 Day Low2.2
20 Day High2.52
20 Day Low2.2
52 Week High2.75
52 Week Low2.11
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.07M
Volume Incr11.77%
Vol(5)3.26M
Vol(50)2.63M