CIA ENERGETICA DE-SPON ADR (CIG) Technical Analysis
NYSE:CIG • US2044096012
Current stock price
CIG Technical Rating and Analysis
Overall CIG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CIG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CIG did better than 86% of all other stocks. We also observe that the gains produced by CIG over the past year are nicely spread over this period.
- CIG is part of the Electric Utilities industry. There are 47 other stocks in this industry. CIG outperforms 95% of them.
- CIG is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CIG is leading the market.
- In the last month CIG has a been trading in the 2.19 - 2.62 range, which is quite wide. It is currently trading near the high of this range.
- CIG has an average volume of 6806680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CIG Weekly and Daily overview Charts
CIG Setup Rating and Analysis
Although CIG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
CIG Support and Resistance Analysis
2.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.28 to 2.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.14 from a horizontal line in the daily time frame.
- A support zone ranging from 2.02 to 2.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
CIG Technical Indicator Signal Analysis
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 | 86.74 | POSITIVE | CIG has a high relative strength, it outperformed 86.74% 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) | 72.05 | OVERBOUGHT | The high RSI value suggests CIG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CIG has a positive trend. |
| Stochastics (14,3) | 88.22 | OVERBOUGHT | The high Stochastics value suggests CIG may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for CIG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.32 | NEGATIVE | The low ADX value for CIG suggests a weak or negative trend. |
CIG Chart- and CandleStick Pattern Analysis
CIG Technicals: Chart, Performance Metrics, Trend & Indicators
2.58
+0.11 (+4.45%)
CIA ENERGETICA DE-SPON ADR / CIG TA FAQ
What is the ChartMill technical rating of CIA ENERGETICA DE-SPON ADR (CIG) stock?
ChartMill assigns a technical rating of 10 / 10 to CIG.
Can you provide the trend direction for CIA ENERGETICA DE-SPON ADR?
The current trend direction for CIA ENERGETICA DE-SPON ADR (CIG) is Bullish.
Can you provide the RSI signal for CIA ENERGETICA DE-SPON ADR?
CIA ENERGETICA DE-SPON ADR (CIG) has an RSI value of 72.0542. This indicates that the stock is currently overbought.
What is the buy/sell signal for CIA ENERGETICA DE-SPON ADR (CIG) stock?
The buy/sell signal for CIA ENERGETICA DE-SPON ADR (CIG) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CIA ENERGETICA DE-SPON ADR (CIG) stock?
CIA ENERGETICA DE-SPON ADR (CIG) has a support level at 2.35. Check the full technical report for our detailed analysis of CIG support and resistance levels.