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Stock Trend Analysis Report

Prepared for you on Friday, December 1, 2023.

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

Bear Market Rally (-75) - CIG is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CIG as it may be in the beginning of a reversal.

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
2.1700 2.2665 2.1400 2.2175 +0.0475
Entry Signal

MarketClub’s Trade Triangles for CIG

long term down The long-term trend has been DOWN since Nov 22nd, 2023 at 2.24

intermediate term down The intermediate-term trend has been DOWN since Nov 22nd, 2023 at 2.27

short term up The short-term trend has been UP since Nov 29th, 2023 at 2.20

Smart Scan Analysis for CIG

Based on our trend formula, CIG is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CIG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1700 2.2665 2.1400 2.2175 +0.0475
Prev. Close Volume Bid Ask Time
2.2100 6707495 2023-11-30 15:59:44
Year High3.29Year High Date2018-10-26
Year Low1.56Year Low Date2018-09-14
52wk High2.7552wk High Date2023-11-17
52wk Low1.8952wk Low Date2023-01-04
Year End Close10.86Average Volume4,129,918
Shares Outstanding19,488,990Short Interest3,485,572
% Institutional15.4Market Cap5,207M
Assets561,654,300MLiabilities317,376,460M
P/E Ratio4.5303Beta0.86
Volatility57.89
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