Where Will Companhia Energetica Minas Gerais ADR Repstg One Pref Shs (CIG) Stock Go Next After It Is Higher By 3.03% in a Week?

Companhia Energetica Minas Gerais ADR Repstg One Pref Shs (CIG) stock has risen 3.03% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Companhia Energetica Minas Gerais ADR Repstg One Pref Shs has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CIG!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CIG Stock Today?

Companhia Energetica Minas Gerais ADR Repstg One Pref Shs (CIG) stock is down -0.83% while the S&P 500 is up 0.01% as of 12:46 PM on Monday, Mar 4. CIG has fallen -$0.02 from the previous closing price of $2.40 on volume of 1,483,407 shares. Over the past year the S&P 500 has risen 26.90% while CIG is up 19.60%. CIG earned $0.48 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.92.

More About Companhia Energetica Minas Gerais ADR Repstg One Pref Shs

Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources. Click Here to get the full Stock Report for Companhia Energetica Minas Gerais ADR Repstg One Pref Shs stock.