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Companhia Energética de Minas Gerais

CIG Technical Analysis Summary (NYSE)

Analyze CIG on the NYSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

CIG●NYSE
UtilitiesRegulated Electric
$2.15
$0.01(0.46%)
U.S. Market opens in 9h 55m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

CIG Technical Analysis Summary (NYSE)

Companhia Energética de Minas Gerais (NYSE: CIG) stock currently shows a bullish trend on the NYSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 54.19)
Trend Strength:Moderate (ADX: 21.76)
Volatility:Medium (ATR: 0.07)
Support/Resistance:$1.87 – $2.28 (Bollinger Bands)

Technical conditions suggest Companhia Energética de Minas Gerais on the NYSE is awaiting a decisive move. Technical conditions suggest Companhia Energética de Minas Gerais is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 54.19

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 58.59

Neutral
Mid-range signal with no clear trend.

Williams %R: -39.39

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 8.63

Strongly Bullish
Strong upside momentum.

Takeaway:Companhia Energética de Minas Gerais shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: 0.03

Bullish
Bullish, trend momentum is strengthening.

ADX: 21.76

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.07

Low
Low volatility, stable price action.

CCI (14): 7.50

Neutral
Neutral, no strong directional signal.

Takeaway:Companhia Energética de Minas Gerais shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$2.28
Middle Band (SMA 20)
$2.08
Lower Band
$1.87
Current Position
Within Bands

Takeaway:Companhia Energética de Minas Gerais trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$2.24
Middle Line (EMA 20)
$2.11
Lower Channel
$1.98
Squeeze Status
No Squeeze

Takeaway:Companhia Energética de Minas Gerais trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-21.30M
Money Flow Index62.93Bullish, inflows support continued momentum.
Relative Vigor Index41.68Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:CIG shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Companhia Energética de Minas Gerais (NYSE: CIG), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Companhia Energética de Minas Gerais are mixed, suggesting a Hold or wait-and-see approach.

(NYSE: CIG) Technical Analysis FAQ