Comp En De Mn Cemig Technical Analysis (NYSE:CIG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Comp En De Mn Cemig stock price data and volume are plotted in CIG stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Comp En De Mn Cemig. The technical analysis form of Comp En De Mn Cemig stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Comp En De Mn Cemig Moving Average
Moving averages show the average price of CIG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Comp En De Mn Cemig are mostly signals of long term trends and will help long term traders.
Comp En De Mn Cemig Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Comp En De Mn Cemig. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Comp En De Mn Cemig bollinger bands show that the stock price is $1.99, upper band is 2.25, lower band is 1.94, and the average is 2.1.
Comp En De Mn Cemig Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Comp En De Mn Cemig MACD indicator is below 0 indicating a bearish trend.
Comp En De Mn Cemig Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 38.46 is the RSI value of CIG stock.