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CIG
Stock ticker: NYSE
AS OF
Dec 23, 04:45 PM (EDT)
Price
$1.79
Change
-$0.10 (-5.29%)
Capitalization
5.81B

CIG Companhia Energetica De Minas Gerais-CEMIG Forecast, Technical & Fundamental Analysis

a distributor of electricity, gas distribution, telecommunications and the provision of energy solutions

CIG
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for CIG with price predictions
Dec 20, 2024

Momentum Indicator for CIG turns positive, indicating new upward trend

CIG saw its Momentum Indicator move above the 0 level on December 20, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 100 similar instances where the indicator turned positive. In of the 100 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where CIG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CIG advanced for three days, in of 286 cases, the price rose further within the following month. The odds of a continued upward trend are .

CIG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for CIG turned negative on November 29, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

CIG moved below its 50-day moving average on December 12, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CIG crossed bearishly below the 50-day moving average on December 04, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 21 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CIG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for CIG entered a downward trend on December 20, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 66, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.121) is normal, around the industry mean (1.714). P/E Ratio (5.228) is within average values for comparable stocks, (23.466). CIG's Projected Growth (PEG Ratio) (0.291) is slightly lower than the industry average of (2.620). Dividend Yield (0.095) settles around the average of (0.074) among similar stocks. P/S Ratio (0.763) is also within normal values, averaging (3.109).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CIG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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CIG
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

CIG is expected to report earnings to fall 58.79% to 7 cents per share on March 20

Companhia Energetica De Minas Gerais-CEMIG CIG Stock Earnings Reports
Q4'24
Est.
$0.08
Q3'24
Beat
by $0.06
Q2'24
Est.
$0.11
Q1'24
Beat
by $0.01
Q4'23
Beat
by $0.03
The last earnings report on November 14 showed earnings per share of 18 cents, beating the estimate of 13 cents. With 805.43K shares outstanding, the current market capitalization sits at 5.81B.
A.I.Advisor
published Dividends

CIG paid dividends on September 09, 2024

Companhia Energetica De Minas Gerais-CEMIG CIG Stock Dividends
А quarterly dividend of $0.09 per share was paid with a record date of September 09, 2024, and an ex-dividend date of August 26, 2024. Read more...
A.I. Advisor
published General Information

General Information

a distributor of electricity, gas distribution, telecommunications and the provision of energy solutions

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
Electric Utilities
Address
Avenida Barbacena, 1200
Phone
+55 3135065024
Employees
4969
Web
https://www.cemig.com.br
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CIG and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, CIG has been closely correlated with EBR. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if CIG jumps, then EBR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CIG
1D Price
Change %
CIG100%
+2.72%
EBR - CIG
81%
Closely correlated
+2.11%
ELP - CIG
53%
Loosely correlated
+2.17%
BIP - CIG
27%
Poorly correlated
+1.16%
BKH - CIG
27%
Poorly correlated
-0.14%
ENIC - CIG
26%
Poorly correlated
+3.89%
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