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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
$2.05
$0.02(0.99%)
U.S. Market opens in 17h 18m

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 neutral trend on the NYSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 42.73)
Trend Strength:Weak (ADX: 17.44)
Volatility:Medium (ATR: 0.06)
Support/Resistance:$2.01 – $2.25 (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): 42.73

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 6.76

Bullish
Oversold zone signals rebound potential.

Williams %R: -93.18

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -9.15

Strongly Bearish
Sharp downside momentum.

Takeaway:Companhia Energética de Minas Gerais shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 17.44

Weak
Weak trend, market trading sideways.

ATR (14): 0.06

Low
Low volatility, stable price action.

CCI (14): -172.03

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Companhia Energética de Minas Gerais shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$2.25
Middle Band (SMA 20)
$2.13
Lower Band
$2.01
Current Position
Within Bands

Takeaway:Companhia Energética de Minas Gerais trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$2.22
Middle Line (EMA 20)
$2.10
Lower Channel
$1.98
Squeeze Status
No Squeeze

Takeaway:Companhia Energética de Minas Gerais trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-31.82M
Money Flow Index45.76Neutral, balanced money flows with no clear signal.
Relative Vigor Index29.69Bearish, price momentum favors sellers.

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

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

Bearish Signals

MACD below signal line → short-term caution on momentum.

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