CIA ENERGETICA DE-SPON ADR (CIG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CIG - US2044096012 - ADR
We assign a technical rating of 5 out of 10 to CIG. CIG has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, CIG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.08, a Stop Loss order could be placed below this zone.
More info and screens
1.71
5 important support areas can be observed.
- A support zone ranging from 2.05 to 2.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.96 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.86 from a horizontal line in the daily time frame.
- A support zone ranging from 1.78 to 1.81. 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.
- A resistance zone ranging from 2.18 to 2.19. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for CIG is neutral. |
| ChartMill Relative Strength | 69 | 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 | 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) | 49.63 | NEUTRAL | The RSI value for CIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CIG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.72 | NEUTRAL | The Stochastics value for CIG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for CIG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.4 | NEGATIVE | The low ADX value for CIG suggests a weak or negative trend. |
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CIA ENERGETICA DE-SPON ADR / CIG FAQ
What is the ChartMill technical rating of CIA ENERGETICA DE-SPON ADR (CIG) stock?
ChartMill assigns a technical rating of 5 / 10 to CIG.
What is the trend direction for CIG stock?
The current trend direction for CIA ENERGETICA DE-SPON ADR (CIG) is Bullish.
What is the RSI signal for CIA ENERGETICA DE-SPON ADR (CIG) stock?
CIA ENERGETICA DE-SPON ADR (CIG) has an RSI value of 49.63. This indicates that the stock is currently neutral.
What is the MACD signal for CIA ENERGETICA DE-SPON ADR (CIG) stock?
The MACD indicator for CIA ENERGETICA DE-SPON ADR (CIG) has a value of -0.00800733, indicating a bearish trend.