Technical analysis from Comp En De Mn Cemig Ads (CIG, NYSE:CIG) on the New York Stock Exchange (NYSE). Download the latest price data & trading signals

Comp En De Mn Cemig Ads
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The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -3.6%
Close Tod Vs Close Yest /
The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -3.6%

[BEARISH]: Comp En De Mn Cemig Adssellers are keener than buyers and are driving the price down. This is the first day of price decline for CIG adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.3 & the greatest daily negative change this year has been -2.3. The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -3.6%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -2.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.4x. Over the last month the average daily downward movement has been -1.6%

Comp En De Mn Cemig Ads: Bear Harami
Bear Harami /
Comp En De Mn Cemig Ads: Bear Harami

[BEARISH]: Comp En De Mn Cemig Ads has formed a new Bear Harami reversal pattern.

Simple Moving Average /
CIG: Price continues to move above the SMA(5) @$2.096

[BEARISH]: Comp En De Mn Cemig Ads currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.5%.

Range Tod Vs Range Yest /
Comp En De Mn Cemig Ads: Range Performance (0)

[NEUTRAL]: No price change for Comp En De Mn Cemig Ads. There has been 2 consecutive days of no range for CIG highlighting the lack of enthusiasm for either buying or selling in the first timeframe. Over the last 12 months there have been 4 days of no price range giving a ratio of 0.2x. Over the last month there have been 2 days of no price range giving a ratio of 0.2x.

Percentage Price /
Price percentage oscillator: Upward momentum has been initiated for Comp En De Mn Cemig Ads

CIG: PPO Recent Trading -> (1) 12 Jan: 0.726 (2) 12 Jan: -0.919 (3) 12 Jan: 3.015

Sine Weighted Moving Average /
[Uptrend]: Recent trading for CIG indicates ST trend is likely to continue

[BULLISH]: Comp En De Mn Cemig Ads currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.5%.

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Woodie Pivot Point /
Comp En De Mn Cemig Ads: Look for a short limit order entry @$2.1

Comp En De Mn Cemig Ads has broken the first Woodie support point ($2.1) [Bearish]. Look for a short limit order entry near this point. Exit price for CIG should be set @$2.08 & short position stoploss for Comp En De Mn Cemig Ads should be set at $2.16

Continued buying pressure has caused Comp En De Mn Cemig Ads to be overbought
Money Flow Index /
Continued buying pressure has caused Comp En De Mn Cemig Ads to be overbought

[BULLISH CROSSOVER]: Comp En De Mn Cemig Ads current price has driven MFI to become oversold signalling the start of bullish trading conditions. Currently, the MFI is 80.62. During the quarter, the lowest MFI value was 64.43. The last oversold signal occurred on Dec 20 2017

Bull power has increased for Comp En De Mn Cemig Ads signalling bullish conditions are likely
Elder Ray Index /
Bull power has increased for Comp En De Mn Cemig Ads signalling bullish conditions are likely

CIG: Elder Ray Index Current Signal -> (1) 12 Jan: BULLISH (2) 12 Jan: BEARISH (3) 12 Jan: BULLISH

Aroon Oscillator /
CIG: Aroon oscillator has confirmed an strong uptrend @52

[BULLISH]: Comp En De Mn Cemig Ads has a current ARU(25) of 76 and a current ARD(25) of 24

Accumulation / Distribution /
Comp En De Mn Cemig Ads: Confirmation of stock distribution

[BEARISH]: Comp En De Mn Cemig Ads current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Opening Price /
Recent trading for Comp En De Mn Cemig Ads has opened 0.5 % lower than previous session

CIG: OPEN Recent Trading -> (1) 12 Jan: 2.11 (2) 11 Jan: 2.1 (3) 10 Jan: 2.07

CIG Basic Candle: White
White Candle /
CIG Basic Candle: White

CIG: Basic Candlestick Recent Trading -> (1) 12 Jan: White Candle (2) 12 Jan: White Candle (3) 12 Jan: White Candle

[Bearish Crossover]: Comp En De Mn Cemig Ads currently has negative Volume MACD histogram -60083
MACD Volume /
[Bearish Crossover]: Comp En De Mn Cemig Ads currently has negative Volume MACD histogram -60083

[BEARISH CROSSOVER]: Comp En De Mn Cemig Ads currently has negative Volume MACD of -60083. This means the signal line is less than the Volume MACD line signalling a bearish movement.

High Price /
Recent trading for CIG has beaten the previous high by 0.5 % [Uptrend]

CIG: HIGH Recent Trading -> (1) 12 Jan: 2.14 (2) 11 Jan: 2.13 (3) 10 Jan: 2.11

Stochastic Oscillator /
Comp En De Mn Cemig Ads is no longer oversold [Neutral]

CIG: Stochastic Oscillator Signal -> (1) 12 Jan: BULLISH CROSSOVER (2) 12 Jan: BEARISH CROSSUNDER (3) 12 Jan: BEARISH

Momentum /
Positive momentum confirmation for CIG is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Comp En De Mn Cemig Ads currently has positive momentum of 0.03. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.5%. The largest upward momentum rally for the last 3 months is 11 days producing a return of 8.3%%.

[Bullish]: WMA(5) is serving as a support line for Comp En De Mn Cemig Ads
Weighted Moving Average /
[Bullish]: WMA(5) is serving as a support line for Comp En De Mn Cemig Ads

[BULLISH]: Comp En De Mn Cemig Ads currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.5%.

Daily trading has confirmed an ATR downtrend (0.056) for Comp En De Mn Cemig Ads
Average True Range /
Daily trading has confirmed an ATR downtrend (0.056) for Comp En De Mn Cemig Ads

[Bearish]: Average True Range has confirmed an downtrend is present. Comp En De Mn Cemig Ads has a TR of 0.04, and an ATR(14) of 0.056.

Comp En De Mn Cemig Ads: Daily volume is 1.519e+006 [Lower Volume]
Volume /
Comp En De Mn Cemig Ads: Daily volume is 1.519e+006 [Lower Volume]

[BEARISH]: Comp En De Mn Cemig Ads current volume downtrend in the first timeframe. Volume for CIG is1.519e+006 (-26.4).

Coles Reaction Day /
The daily range for Comp En De Mn Cemig Ads has achieved a higher high [Bullish]

CIG: CRD Current Signal -> (1) 12 Jan: BULLISH (2) 12 Jan: BULLISH (3) 12 Jan: BULLISH

Demarks Pivot Points /
Limit order for a short position has been identified for Comp En De Mn Cemig Ads [Bearish]

Comp En De Mn Cemig Ads has broken the first DeMark support point ($2.125) [Bearish]. Look for a short limit order entry near this point. Exit price for CIG should be set @$2.11 & short position stoploss for Comp En De Mn Cemig Ads should be set at $2.15

Ease of Movement /
Price moved on high volume to close higher for the day for CIG [Difficult to Move]

CIG: EOM Current Signal -> (1) 12 Jan: BULLISH HARD (2) 12 Jan: BULLISH HARD (3) 12 Jan: BULLISH EASY

Triangular Moving Average /
Triangular Moving Average(5) signal continues for Comp En De Mn Cemig Ads indicating upward price movement is likely

CIG: TMA Current Signal -> (1) 12 Jan: BEARISH CROSSOVER (2) 12 Jan: BEARISH CROSSOVER (3) 12 Jan: BEARISH

Comp En De Mn Cemig Ads has broken above the 161.8% extension level ($0) [Bearish]
Fibonacci Extensions /
Comp En De Mn Cemig Ads has broken above the 161.8% extension level ($0) [Bearish]

Comp En De Mn Cemig Ads has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for CIG should be set @$0 & short position stoploss for Comp En De Mn Cemig Ads should be set at $0

Comp En De Mn Cemig Ads is still above the 61.8% retracement fan level ($0) [Bullish]
Fibonacci Fans /
Comp En De Mn Cemig Ads is still above the 61.8% retracement fan level ($0) [Bullish]

Comp En De Mn Cemig Ads is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for CIG should be set @$15.28 & Stoploss for Comp En De Mn Cemig Ads should be set between $14.75

Pivot Points /
Comp En De Mn Cemig Ads has moved below the S1 pivot point ($2.1) [Bearish]

Comp En De Mn Cemig Ads current pivot point is: 2.12. The current resistance levels are: (R1) $2.14: (R2) $2.16: (R3) $2.18: The current support levels are: (S1) $2.1: (S2) $2.08: (S3) $2.06

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