tiprankstipranks
Companhia Energetica Minas Gerais (CIG)
NYSE:CIG

Companhia Energetica Minas Gerais (CIG) Technical Analysis

438 Followers

Technical Sentiment

Overall Consensus
Strong Buy
16Bullish
5Neutral
1Bearish
Technical Analysis Consensus
Buy
4Bullish
5Neutral
1Bearish
Moving Average Consensus
Strong Buy
12Bullish
0Neutral
0Bearish
Companhia Energetica Minas Gerais’s (CIG) Moving Averages Convergence Divergence (MACD) indicator is 0.05, suggesting Companhia Energetica Minas Gerais is a Sell.
Companhia Energetica Minas Gerais’s (CIG) 20-Day exponential moving average is 2.52, while Companhia Energetica Minas Gerais’s (CIG) share price is $2.61, making it a Buy.
Companhia Energetica Minas Gerais’s (CIG) 50-Day exponential moving average is 2.44, while Companhia Energetica Minas Gerais’s (CIG) share price is $2.61, making it a Buy.

Companhia Energetica Minas Gerais (CIG) Pivot Points

May 20, 2024, 03:25 AM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
2.44
2.50
2.53
2.59
2.62
2.68
2.71
Fibonacci
2.50
2.53
2.55
2.59
2.62
2.64
2.68
Pivot points are a technical analysis tool used by traders to identify potential support and resistance levels in financial markets. Pivot points are calculated based on the previous day's high, low, and close prices, and are used to help traders identify levels at which the price may reverse or continue to trend.

Companhia Energetica Minas Gerais (CIG) Moving Averages

May 20, 2024, 03:25 AM
Period
Simple
Exponential
MA5
2.57Buy
2.58Buy
MA10
2.57Buy
2.56Buy
MA20
2.50Buy
2.52Buy
MA50
2.42Buy
2.44Buy
MA100
2.33Buy
2.37Buy
MA200
2.28Buy
2.33Buy
Companhia Energetica Minas Gerais’s (CIG) 10-Day exponential moving average is 2.56, while Companhia Energetica Minas Gerais’s (CIG) share price is $2.61, making it a Buy.
Companhia Energetica Minas Gerais’s (CIG) 100-Day exponential moving average is 2.37, while Companhia Energetica Minas Gerais’s (CIG) share price is $2.61, making it a Buy.
Companhia Energetica Minas Gerais’s (CIG) stock price is $2.61 and Companhia Energetica Minas Gerais’s (CIG) 50-day simple moving average is 2.42, creating a Buy signal.
Companhia Energetica Minas Gerais’s (CIG) stock price is $2.61 and Companhia Energetica Minas Gerais’s (CIG) 100-day simple moving average is 2.33, creating a Buy signal.
Companhia Energetica Minas Gerais’s (CIG) stock price is $2.61 and Companhia Energetica Minas Gerais’s (CIG) 200-day simple moving average is 2.28, creating a Buy signal.

Companhia Energetica Minas Gerais (CIG) Technical Indicators

May 20, 2024, 03:25 AM
Name
Value
Implied Action
RSI (14)
60.60
Neutral
STOCH (9,6)
71.47
Neutral
STOCHRSI (14)
69.05
Neutral
MACD (12,26)
0.05
Sell
ADX (14)
12.39
Buy
Williams %R
-25.00
Buy
CCI (14)
66.82
Neutral
ATR (14)
0.09
-
Ultimate Oscillator
48.11
Neutral
ROC
8.30
Buy
Companhia Energetica Minas Gerais’s (CIG) Relative Strength Index (RSI) is 60.60, creating a Neutral signal.
Companhia Energetica Minas Gerais’s (CIG) Trend Strength Indicator (ADX) is 12.39, creating a Buy signal.
Companhia Energetica Minas Gerais’s (CIG) Commodity Channel Index (CCI) is 66.82, creating a Neutral signal.
Companhia Energetica Minas Gerais’s (CIG) Price Rate of Change (ROC) is 8.30, creating a Buy signal.

FAQ

Is CIG a Buy, Hold, or Sell?
Based on CIG’s technical indicators, CIG is a Strong Buy.
    What is CIG’s RSI (14)?
    CIG’s RSI (14) is 60.60, which suggests CIG is a Neutral.
      What is CIG’s MACD?
      CIG’s MACD is 0.05, which suggests CIG is a Sell.
        What is CIG’s 5-day moving average?
        CIG’s 5-day moving average is 2.57, which suggests CIG is a Buy.
          What is CIG’s 20-day moving average?
          CIG 20-day moving average is 2.50, which suggests CIG is a Buy.
            What is CIG’s 50-day moving average?
            CIG’s 50-day moving average is 2.42, which suggests CIG is a Buy.
              What is CIG’s 200-day moving average?
              CIG’s 200-day moving average is 2.28, which suggests CIG is a Buy.
                What is CIG’s Williams % R (14)?
                CIG’s Williams % R (14) is -25.00, which suggests CIG is a Buy.
                  What is CIG’s CCI (14)?
                  CIG’s CCI (14) is 66.82, which suggests CIG is a Neutral.
                    What's Included in PREMIUM?
                    Make informed decisions based on Top Analysts' activity
                    Know what industry insiders are buying
                    Get actionable alerts from top Wall Street Analysts
                    Find out before anyone else which stock is going to shoot up
                    Get powerful stock screeners & detailed portfolio analysis