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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Comp En De Mn Cemig Ads opened in the upper part of daily range at 80% & closed in the lower part of the trading range at 20%. This suggests the sellers were in control all day.
Open Tod Vs Close Tod /
Comp En De Mn Cemig Ads opened in the upper part of daily range at 80% & closed in the lower part of the trading range at 20%. This suggests the sellers were in control all day.

CIG: Open today versus close yesterday Recent Trading ->(1) 22 Jun: 80% (2) 21 Jun: 60% (3) 20 Jun: 83.3%

Momentum continues to fall for Comp En De Mn Cemig Ads signalling an downtrend will persist
Momentum /
Momentum continues to fall for Comp En De Mn Cemig Ads signalling an downtrend will persist

CIG: MOM Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH CROSSOVER (3) 20 Jun: BEARISH CROSSOVER

Elder Ray Index /
[Bearish]: Elder Ray Index is -0.093 indicating bear power

[BEARISH]: Comp En De Mn Cemig Ads Elder Ray Index is signalling a Bearish movementERI is -0.093 indicating bear power. Prices are being driven below the consensus of value for CIG during the last trading session [Selling Pressure]

Average Directional Movement /
CIG: Average Directional Index has confirmed a strong trend @31.11

[Trend]: ADX for CIG has confirmed a strong trend is present. Comp En De Mn Cemig Ads has an ATR(14) of 0.088, a DX of 36.24 & an ADX(14) of 31.11

High Price /
Comp En De Mn Cemig Ads: Daily high performance is -1.7 % [Downtrend]

CIG: HIGH Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BULLISH

Close Tod Vs Range Tod /
The daily battle of control for Comp En De Mn Cemig Ads was won again by the sellers

[BEARISH]: Comp En De Mn Cemig Ads sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Comp En De Mn Cemig Ads adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 102 trading days with the closing price in the lower part of the range giving a confirmation ratio of 38.8%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 30 days in the lower price range compared to 23 days in the upper range giving a ratio of 1.3x.

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Sine Weighted Moving Average /
The SWMA trend following signal is still current for Comp En De Mn Cemig Ads [Bearish]

CIG: SWMA Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH CROSSOVER (3) 20 Jun: BULLISH

Percentage Volume /
CIG: Percentage Volume Oscillator [Bearish]

[BEARISH]: Comp En De Mn Cemig Ads currently has negative PVO -12.36%. The recent volume is losing momentum through a fall on the short term exponential moving average.

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Comp En De Mn Cemig Ads: Look for a long limit order entry @$0
Fibonacci Retracements /
Comp En De Mn Cemig Ads: Look for a long limit order entry @$0

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 @$127.39 & Stoploss for Comp En De Mn Cemig Ads should be set between $126.11

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

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

Detrended Price Oscillator /
Price is currently below the displaced moving average for CIG [Bearish]

[BEARISH]: Comp En De Mn Cemig Ads currently has a confirmed downtrend. Price is currently below the displaced moving average for CIG. Currently, the return on DPO20 is -1.2%.

Opening Price /
Comp En De Mn Cemig Ads opening price of $1.74 (-1.1 %)

[BULLISH]: Comp En De Mn Cemig Ads opening price has gapped up. Currently, the OPEN is $1.74 (-1.1 %).

Volume Rate of Change /
Comp En De Mn Cemig Ads has initiated a positive volume rate of change of 37

CIG: VROC Current Signal -> (1) 22 Jun: BULLISH CROSSOVER (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Comp En De Mn Cemig Ads: Closing price $1.71 is below the WMA(5) @$1.743
Weighted Moving Average /
Comp En De Mn Cemig Ads: Closing price $1.71 is below the WMA(5) @$1.743

[BEARISH]: Comp En De Mn Cemig Ads currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -1.2%.

[Downtrend]: The second timeframe trend for Comp En De Mn Cemig Ads remains intact
Medium Trend /
[Downtrend]: The second timeframe trend for Comp En De Mn Cemig Ads remains intact

[BEARISH]: Comp En De Mn Cemig Ads is in an downtrend in the medium term timeframe. & the highest rally count for the LTM is 35. The highest rally for the month is 15

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 current pivot point is: 1.72. The current resistance levels are: (R1) $1.74: (R2) $1.77: (R3) $1.79: The current support levels are: (S1) $1.69: (S2) $1.67: (S3) $1.64

MACD /
The MACD continues to rise above the signal line for CIG [Bullish]

[BULLISH]: Comp En De Mn Cemig Ads currently has positive MACD of 0.0071. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -4%.

On Balance Volume /
Comp En De Mn Cemig Ads: Current trading activity OBV signals distribution is present

[BEARISH]: Comp En De Mn Cemig Ads current price has highlighted recent distribution. Currently, the OBV is -4.68121e+007.

The EMA trend following signal is still current for Comp En De Mn Cemig Ads [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for Comp En De Mn Cemig Ads [Bearish]

[BEARISH]: Comp En De Mn Cemig Ads currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.2%.

Volume for CIG has surpassed the volume of the previous trading session
Volume /
Volume for CIG has surpassed the volume of the previous trading session

[BULLISH]: Comp En De Mn Cemig Ads current volume uptrend in the first timeframe. Volume for CIG is 4.13771e+006 (166.9).

Comp En De Mn Cemig Ads: Ulcer Index 16.338 [High Stress]
Ulcer Index /
Comp En De Mn Cemig Ads: Ulcer Index 16.338 [High Stress]

[BULLISH]: Comp En De Mn Cemig Ads UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 16.338.

Closing Price /
Comp En De Mn Cemig Ads: Daily performance is -1.2 % [Downtrend]

[BEARISH]: Comp En De Mn Cemig Ads current downtrend in the first timeframe. Currently, the Close is $1.71.

Moving Average Envelope /
Closing price for CIG is still below the lower envelope signalling a bullish movement

[BULLISH]: Comp En De Mn Cemig Ads current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.805.

Stochastic Oscillator /
Comp En De Mn Cemig Ads is still oversold with the Stochastic Oscillator @12.8

[BULLISH]: Comp En De Mn Cemig Ads is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Woodie Pivot Point /
Short positions for Comp En De Mn Cemig Ads should be set between $1.718 & $1.686

Comp En De Mn Cemig Ads has broken the first Woodie support point ($1.686) [Bearish]. Look for a short limit order entry near this point. Exit price for CIG should be set @$1.668 & short position stoploss for Comp En De Mn Cemig Ads should be set at $1.768

CMF highlights continued negative divergence for Comp En De Mn Cemig Ads
Chaikin Money Flow /
CMF highlights continued negative divergence for Comp En De Mn Cemig Ads

[BEARISH]: Comp En De Mn Cemig Ads current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.13. CIG The bearish signal has been active for 2 days. During the quarter, the lowest CMF value was -0.18

William %R oversold signal had been maintained for Comp En De Mn Cemig Ads
Williams %R /
William %R oversold signal had been maintained for Comp En De Mn Cemig Ads

CIG: William %R Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH CROSSOVER (3) 20 Jun: NEUTRAL

Daily Volume Index /
DVI: Distribution still active for Comp En De Mn Cemig Ads

CIG: DVI Recent Trading -> (1) 22 Jun: -26803 (2) 21 Jun: -26428 (3) 20 Jun: -19116

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