CIA ENERGETICA DE-SPON ADR (CIG.C) Stock Technical Analysis
NYSE:CIG.C - New York Stock Exchange, Inc. - US2044098828 - ADR - Currency: USD
Taking everything into account, CIG.C scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, CIG.C has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: CIG.C has an average volume of 4842 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CIG.C is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so CIG.C slightly outperforms the market at the moment.
In the last month CIG.C has a been trading in the 2.50 - 2.81 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that CIG.C is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CIG.C is part of the Electric Utilities industry. There are 46 other stocks in this industry, CIG.C did better than 60% of them.
Considerably lower volume is observed in the last couple of days.
CIG.C has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.18
2.82
We found 5 important support areas.
- Support @2.59 from a horizontal line in the daily time frame.
- Support @2.40 from a horizontal line in the daily time frame.
- Support @2.31 from a trend line in the weekly time frame.
- Support @2.26 from a horizontal line in the weekly time frame.
- Support @2.20 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.63 to 2.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.79 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.69
Mansfield0.63
10 Day High2.77
10 Day Low2.5
20 Day High2.81
20 Day Low2.5
52 Week High2.81
52 Week Low1.99
Performance
1 Week0%
2 Weeks-5.4%
1 Month1.94%
3 Month9.58%
6 Month-0.38%
12 Month14.73%
2 Year-0.32%
3 Year-21.22%
5 Year89.94%
10 Year-13.66%
15 Year-74.12%
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)51.25
LBB2.57
UBB2.77
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.70 | 2.58 | 0.12 (4.44%) | 22.50% |
| An entry @2.70. This is a Buy Stop order right above the resistance zone. | An exit @2.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.12 points, which is 4.44%. | When investing 22.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CIG.C. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:CIG.C (3/7/2025, 8:14:04 PM)
2.63
-0.05 (-1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-1.87%
1 Week0%
2 Weeks-5.4%
1 Month1.94%
3 Month9.58%
6 Month-0.38%
12 Month14.73%
2 Year-0.32%
3 Year-21.22%
5 Year89.94%
10 Year-13.66%
15 Year-74.12%
Volatility
ATR(14)0.12
ATR(20)%4.3%
ATR Inc-11.47%
Range Today0.06
ADR(20)0.1
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.69
Mansfield0.63
10 Day High2.77
10 Day Low2.5
20 Day High2.81
20 Day Low2.5
52 Week High2.81
52 Week Low1.99
CS1 End2.59
CR1 Start2.63
Volume & EV
DER(3)2.57%
DER(5)-0.13%
Volume5.60K
Volume Incr-65.72%
Vol(5)2.12K
Vol(50)4.84K