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Comp En De Mn Cemig ADS (CIG) - Buy, Sell or Hold?

Sector: Public Utilities   Sub-Sector: Electric Utilities: Central
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 22 Sep 2017NoneBearish EngulfingThu, 21 Sep 2017-1.79%
***Stock database and scans are updated around midnight (New York time) every trading day.
2.74 0.00 (0%) Sep 22 4:02pm EDT
Open: 2.80 Range: 2.70 - 2.80 Vol: 3.31M Avg Vol: 3.62M
EPS: 0.14 P/E ratio: 19.16 EBITDA: 1.38B Mkt Cap: 3.45B
Analyze "CIG" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 2.80
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 2.74
Last Trade is above the 50 day moving average at 2.71
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 2.73
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CIG

Stock Trend Analysis - Buy, Sell or Hold "Comp En De Mn Cemig ADS" (CIG)?

CIG is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 64% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation CIG will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 2.73. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CIG".

The analyst consensus estimates for the 1 year price target for this stock is $3.27* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 22 Sep 2017
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