CIG Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Energy of Minas Gerais Co (CIG.N) Moving Averages Convergence Divergence (MACD) indicator is 0.0368, suggesting CIG.N is Strong buy.

Energy of Minas Gerais Co (CIG.N) 20-Day simple moving average is 2.062, while Energy of Minas Gerais Co (CIG.N) share price is $2.15, making it Buy.

Energy of Minas Gerais Co (CIG.N) 60-Day simple moving average is 2.074, while Energy of Minas Gerais Co (CIG.N) share price is $2.15, making it Buy.

Technical Analysis for CIG

Technical Sentiment Analysis for Energy of Minas Gerais Co (CIG) As of 2026-01-29, Energy of Minas Gerais Co (CIG) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 8 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CIG stands at 57.879, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.0368, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 83.289 and the Commodity Channel Index (CCI) at 105.607 further confirm a 0.18 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, CIG is trading above its 60-day moving average of $2.074 and above its 200-day long-term moving average of $1.971. Key price levels to watch include the immediate resistance at $2.239 and strong support at $1.969. A break above $2.239 could signal a bull continuation, while falling below $1.969 may test the next Fibonacci floor at $1.83.

Energy of Minas Gerais Co (CIG) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.699	1.83	1.969	2.1	2.239	2.37	2.509
Fibonacci	1.83	1.933	1.997	2.1	2.203	2.267	2.37

Energy of Minas Gerais Co (CIG) Technical Indicators

2026-01-29

Name	Value
RSI_14	57.879
STOCHk_14_3_3	83.289
STOCHd_14_3_3	84.877
CCI_20	105.607
AO_5_34	0.137
MOM_10	0.18
MACD_12_26_9	0.0368

Energy of Minas Gerais Co (CIG) Relative Strength Index (RSI) is 57.879, creating a Neutral signal.

Energy of Minas Gerais Co (CIG) Stochastic Oscillator is 83.289, creating a Sell signal.

Energy of Minas Gerais Co (CIG) Stochastic RSI is 84.877, creating a Sell signal.

Energy of Minas Gerais Co (CIG) Commodity Channel Index (CCI) is 105.607, creating a Sell signal.

Energy of Minas Gerais Co (CIG) Awesome Oscillator is 0.137, creating a Buy signal.

Energy of Minas Gerais Co (CIG) Momentum is 0.18, creating a Buy signal.

Energy of Minas Gerais Co (CIG) MACD is 0.0368, creating a Buy signal.

Energy of Minas Gerais Co (CIG) Moving Average

2026-01-29

Period	Simple	Signal
MA_5	2.174	Sell
MA_10	2.109	Buy
MA_20	2.062	Buy
MA_60	2.074	Buy
MA_200	1.971	Buy
MA_250	1.949	Buy

Energy of Minas Gerais Co (CIG) 5-Day simple moving average is 2.174, while Energy of Minas Gerais Co (CIG) share price is $2.15, making it a Sell.

Energy of Minas Gerais Co (CIG) 10-Day simple moving average is 2.109, while Energy of Minas Gerais Co (CIG) share price is $2.15, making it a Buy.

Energy of Minas Gerais Co (CIG) 20-Day simple moving average is 2.062, while Energy of Minas Gerais Co (CIG) share price is $2.15, making it a Buy.

Energy of Minas Gerais Co (CIG) 60-Day simple moving average is 2.074, while Energy of Minas Gerais Co (CIG) share price is $2.15, making it a Buy.

Energy of Minas Gerais Co (CIG) 200-Day simple moving average is 1.971, while Energy of Minas Gerais Co (CIG) share price is $2.15, making it a Buy.

Energy of Minas Gerais Co (CIG) 250-Day simple moving average is 1.949, while Energy of Minas Gerais Co (CIG) share price is $2.15, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for CIG?

The overall technical consensus for Energy of Minas Gerais Co (CIG) is currently strong buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 3 buy signals and 3 sell signals.

What are the key support and resistance levels for Energy of Minas Gerais Co (CIG) today?

Based on pivot point calculations, Energy of Minas Gerais Co (CIG) has an immediate support level at 1.969 and a major resistance level at 2.239. Traders also monitor the pivot point at 2.1 to determine the intraday trend direction.

Is Energy of Minas Gerais Co (CIG) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Energy of Minas Gerais Co (CIG) is currently 57.879. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Energy of Minas Gerais Co (CIG)?

Energy of Minas Gerais Co (CIG) Moving Averages Convergence Divergence (MACD) indicator is 0.0368, suggesting CIG is strong buy. This indicator helps identify potential trend reversals or momentum shifts for Energy of Minas Gerais Co.

How is Energy of Minas Gerais Co (CIG) performing relative to its 200-day moving average?

Energy of Minas Gerais Co (CIG)is currently trading at $2.15, which is above its 200-day simple moving average of 1.971. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.