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Stock Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Comp En De Mn Cemig ADS American Depositary Shares (NYSE:CIG)
Strong Downtrend (-100) - CIG is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CIG continues to fall. 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.
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MarketClub’s Trade Triangles for CIG
The long-term trend has been DOWN since May 19th, 2022 at 2.3750
The intermediate-term trend has been DOWN since Apr 22nd, 2022 at 3.0739
The short-term trend has been DOWN since Jun 30th, 2022 at 2.0100
Smart Scan Analysis for CIG
Based on our trend formula, CIG is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.98 | 1.98 | 1.90 | 1.90 | -0.13 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.03 | 2549684 | 2022-07-05 11:35:51 |
| Year High | 3.29 | Year High Date | 2018-10-26 |
| Year Low | 1.56 | Year Low Date | 2018-09-14 |
| 52wk High | 2.535 | 52wk High Date | 2022-05-26 |
| 52wk Low | 1.236686 | 52wk Low Date | 2021-08-16 |
| Year End Close | 10.86 | Average Volume | 5,280,686 |
| Shares Outstanding | 19,488,990 | Short Interest | 3,485,572 |
| % Institutional | 15.4 | Market Cap | 5,207M |
| Assets | 538,390,000M | Liabilities | 538,400,000M |
| P/E Ratio | 9.4964 | Beta | 0.86 |
| Volatility | 57.89 |