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Stock Trend Analysis Report

Prepared for you on Wednesday, December 4, 2024.

Comp En De Mn Cemig ADS American Depositary Shares (NYSE:CIG)

Long-Term Downtrend (-90) - CIG is in a strong downtrend that is likely to continue. While CIG is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

NYSE_CIG
Open High Low CIG Price Change
1.90 1.90 1.88 1.90 -0.01
Entry Signal

MarketClub’s Trade Triangles for CIG

long term down The long-term trend has been DOWN since May 24th, 2024 at 2.19

intermediate term down The intermediate-term trend has been DOWN since Nov 29th, 2024 at 1.90

short term down The short-term trend has been DOWN since Nov 29th, 2024 at 1.97

Smart Scan Analysis for CIG

Based on our trend formula, CIG is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CIG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.90 1.90 1.88 1.90 -0.01
Prev. Close Volume Bid Ask Time
1.91 2913430 2024-12-04 16:00:00
Year High3.29Year High Date2018-10-26
Year Low1.56Year Low Date2018-09-14
52wk High2.1952wk High Date2024-08-23
52wk Low1.65384652wk Low Date2023-12-11
Year End Close10.86Average Volume2,460,073
Shares Outstanding25,335,687Short Interest3,485,572
% Institutional15.4Market Cap5,207M
Assets630,068,980MLiabilities349,468,660M
P/E Ratio3.3392Beta0.86
Volatility57.89
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