CIA ENERGETICA DE-SPON ADR (CIG) Technical Analysis
NYSE:CIG • US2044096012
Current stock price
CIG Technical Rating and Analysis
Taking everything into account, CIG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CIG is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CIG did better than 88% of all other stocks. On top of that, CIG also shows a nice and consistent pattern of rising prices.
- CIG is one of the better performing stocks in the Electric Utilities industry, it outperforms 95% of 47 stocks in the same industry.
- A new 52 week high is currently being made by CIG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month CIG has a been trading in the 2.19 - 2.73 range, which is quite wide. It is currently trading near the high of this range.
- CIG has an average volume of 6961700 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 offer a high quality setup 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
3 important support areas can be observed.
- Support @2.25 from a trend line in the daily time frame.
- 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 | 88.92 | POSITIVE | CIG has a high relative strength, it outperformed 88.92% 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) | 78.56 | OVERBOUGHT | The high RSI value suggests CIG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CIG has a positive trend. |
| Stochastics (14,3) | 93.04 | OVERBOUGHT | The high Stochastics value suggests CIG may be overbought. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for CIG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.52 | NEUTRAL | The ADX value for CIG suggests a possible start of a new trend. |
CIG Chart- and CandleStick Pattern Analysis
CIG Technicals: Chart, Performance Metrics, Trend & Indicators
2.73
+0.09 (+3.41%)
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 78.559. 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 2.25. Check the full technical report for our detailed analysis of CIG support and resistance levels.