CIA ENERGETICA DE-SPON ADR (CIG) Stock Technical Analysis
USA - NYSE:CIG - US2044096012 - ADR
1.9 USD
-0.06 (-3.06%)
1.89 USD
-0.01 (-0.53%)
We assign a technical rating of 1 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.
When comparing the yearly performance of all stocks, CIG is a bad performer in the overall market: 65% of all stocks are doing better.
CIG is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 73% are performing better than CIG.
In the last month CIG has a been trading in the 1.89 - 2.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
CIG has an average volume of 2430610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
The technical rating of CIG is bad and it also does not present a quality setup 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
1.67
2.16
When analyzing the support we can see 5 important areas.
- Support @1.90 from a trend line in the weekly time frame.
- Support @1.86 from a horizontal line in the daily time frame.
- Support @1.82 from a horizontal line in the daily time frame.
- Support @1.73 from a horizontal line in the weekly time frame.
- Support @1.69 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.98 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.05 to 2.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.14 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for CIG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CIG is down. |
| ChartMill Relative Strength | 35.48 | NEUTRAL | CIG is not amongst the best or worst performers 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) | UP | MIXED | The current price of CIG is below 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) | 34.62 | NEUTRAL | The RSI value for CIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CIG has a negative trend. |
| Stochastics (14,3) | 10.4 | OVERSOLD | The low Stochastics value suggests CIG may be oversold. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for CIG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.67 | 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)
1.9
-0.06 (-3.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-3.06%
1 Week-6.86%
2 Weeks-8.65%
1 Month-6.86%
3 Month-1.04%
6 Month11.76%
12 Month-2.56%
2 Year8.81%
3 Year12.79%
5 Year75.46%
10 Year71.83%
15 Year-76.52%
Volatility
ATR(14)0.06
ATR(20)%2.63%
ATR Inc21.65%
Range Today0.07
ADR(20)0.05
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.48
Mansfield-0.8
10 Day High2.13
10 Day Low1.89
20 Day High2.15
20 Day Low1.89
52 Week High2.15
52 Week Low1.59
CS1 End1.9
CR1 Start1.98
Volume & EV
DER(3)-7.19%
DER(5)-7.03%
Volume4.51M
Volume Incr49.68%
Vol(5)3.28M
Vol(50)2.43M