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Stock Trend Analysis Report

Prepared for you on Friday, June 9, 2023.

Comp En De Mn Cemig ADS American Depositary Receipts (NYSE:CIG.C)

Bull Market Weakness (+75) - CIG.C is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CIG.C as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CIG.C?

MarketClub looks at technical strength and momentum to determine if the timing is right for CIG.C.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_CIG.C
Open High Low CIG.C Price Change
3.60 3.73 3.59 3.73 +0.23
Entry Signal

MarketClub’s Trade Triangles for CIG.C

long term up The long-term trend has been UP since Apr 4th, 2023 at 3.49

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2023 at 3.85

short term up The short-term trend has been UP since Jun 2nd, 2023 at 3.48

Smart Scan Analysis for CIG.C

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

+75
Smart Scan Analysis for CIG.C
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.60 3.73 3.59 3.73 +0.23
Prev. Close Volume Bid Ask Time
3.50 16981 2023-06-09 13:04:44
Year High3.29Year High Date2018-11-13
Year Low1.55Year Low Date2018-09-26
52wk High4.252wk High Date2023-05-04
52wk Low2.852wk Low Date2023-03-17
Year End Close11.18Average Volume52,613
Shares Outstanding853,018Short Interest10,805
% Institutional0.2Assets538,390,000M
Liabilities538,400,000MBeta0.77
Volatility70.09
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