Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Comp En De Mn Cemig ADS American Depositary Shares (NYSE:CIG)
Crossroads (-60) - CIG is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CIG?
MarketClub looks at technical strength and momentum to determine if the timing is right for CIG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CIG
The long-term trend has been UP since Mar 26th, 2024 at 2.5000
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 2.4300
The short-term trend has been DOWN since Apr 24th, 2024 at 2.4301
Smart Scan Analysis for CIG
Based on our trend formula, CIG is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.46 | 2.46 | 2.43 | 2.46 | -0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.46 | 1627143 | 2024-04-24 15:59:56 |
| Year High | 3.29 | Year High Date | 2018-10-26 |
| Year Low | 1.56 | Year Low Date | 2018-09-14 |
| 52wk High | 2.75 | 52wk High Date | 2023-11-17 |
| 52wk Low | 2.11 | 52wk Low Date | 2023-11-27 |
| Year End Close | 10.86 | Average Volume | 2,611,054 |
| Shares Outstanding | 19,488,990 | Short Interest | 3,485,572 |
| % Institutional | 15.4 | Market Cap | 5,207M |
| Assets | 561,654,300M | Liabilities | 317,376,460M |
| P/E Ratio | 5.1566 | Beta | 0.86 |
| Volatility | 57.89 |