Cia Energetica DE Minas Gerais Cemig ADR (Preference Shares)

$2.15

$-0.01 (-0.46%)
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Trader's Perspective

CIG faded from roughly $2.55 in early April to $2.15 into late May after first quarter results showed lower net income and a fresh court ruling on RBSE added another regulatory headline.

RANGE
Support: $2.05Current: $2.15 Target: $2.55
BEARISH SCENARIO

A failure to hold $2.05 could see a retrace toward the $1.90 to $1.95 range. Any negative read-through from the RBSE case or fallout from the May 14, 2026 cybersecurity disclosure could accelerate the downside.

BULLISH SCENARIO

If CIG holds the $2.05 to $2.10 area and buyers reclaim $2.25 on steady volume, a push back toward $2.40 to $2.55 is on the table. Resistance at $2.25 is the first hurdle.

Analysis generated: May 31, 2026 at 3:05 AM ET

Top Gainers

Analyst Ratings

N/A
Average Price Target: $0
Based on 0 analyst ratings in the last 3 months
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Cia Energetica DE Minas Gerais Cemig ADR (Preference Shares) Earnings

We don't currently have information about Cia Energetica DE Minas Gerais Cemig ADR (Preference Shares)'s earnings.

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