CIG
Companhia Energetica De Minas Gerais-CEMIG
Electric Services
Best Electric Utilities Stocks 2026 →
CIG Stock Analysis: Buy, Sell, or Hold?
$1.87
-0.03 (-1.58%)
▼
5d:
+4.47%
30d:
-22.41%
90d:
-4.59%
QUANTITATIVE VERDICT
BUY
HIGH Confidence (91%)
Quality Score
71/100
Position
OVERSOLD
30-Day Fair Range
$1.89 – $2.36
Position: OVERSOLD
Forward P/E & Valuation
62.3x
STRETCHED
vs 14.0x historical avg
Wall Street Target
$2.22
+18.5% upside
Options IV & Volume
HIGH Vol
HIGH volume confirmation
Support / Resistance
$1.77 / $1.93
Trend: Uptrend
Executive Thesis & Bottom Line
Forward Earnings Fair Value & Price Prediction →
✅ BUY SIGNAL: CIG shows strong fundamentals and good volume confirmation. Solid entry point despite oversold pricing.
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Interactive Price Chart (1 Month)
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In-depth Analysis How we analyze
Valuation Analysis: CIG is currently trading at $1.87, which is considered oversold relative to its 30-day fair value range of $1.89 to $2.36. From a valuation perspective, the stock is trading at a premium (Forward PE: 62.3) compared to its historical average (14.0). At these levels, the market is pricing in 64.7% annual earnings growth.
Technical Outlook: Technically, CIG is in a uptrend. Immediate support is located at $1.77, while resistance sits at $1.93.
Market Sentiment: CIG scores 95/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. Wall Street analysts see significant upside, with an average price target of $2.22 (+18.5%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, CIG is in a uptrend. Immediate support is located at $1.77, while resistance sits at $1.93.
Market Sentiment: CIG scores 95/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. Wall Street analysts see significant upside, with an average price target of $2.22 (+18.5%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
OVERSOLD
Historical Trading Range
$1.89 -
$2.36
Company Quality Score
71/100
(BUY)
Volume Confirmation
HIGH
Confidence Score
91.4%
Trading Range & Key Levels
30-Day Trading Range
$1.89 -
$2.36
Current vs Trading Range
OVERSOLD
Support Level
$1.77
Resistance Level
$1.93
Current Trend
Uptrend
Technical data as of
Nov 10, 2026
Quantitative Signal Breakdown
- BULLISH: Price oversold vs 30-day range
- BULLISH: Strong technical setup (95/100)
- BULLISH: High volume confirmation
- BULLISH: Trading below Wall St target ($2.22)
- BULLISH: Expecting earnings turnaround to 64.7% growth with 3.4% revenue growth
- BULLISH: Bottoming setup score 95/100 — corrected, stabilizing, and turning up
Fundamental Context
Forward P/E (Next Year Est.)
62.33
Wall Street Target
$2.22
(+18.5%)
Revenue Growth (YoY)
3.4%
Earnings Growth (YoY)
-20.4%
Profit Margin
10.5%
Valuation Premium vs History
+64.7% premium
PE vs Historical
62.3 vs 14.0
STRETCHED
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+64.7%
(market-implied from PE analysis)
1-Year Target
$2.81
(+50%)
2-Year Target
$4.21
(+125%)
3-Year Target
$6.31
(+238%)
3-Yr Target (if PE normalizes)
(PE: 62→14)
PE COMPRESSION
$1.42
(-24%)
Significant PE compression expected
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 62.3, Growth: -3.2%)
$1.69
(+-9%)
Base:
(SPY PE: 19.9, Growth: -3.2%)
$0.54
(-71%)
Bear:
(PE: 14.0, Growth: -3.2%)
$0.38
(-80%)
📈
Valuation based on Current Earnings
Trailing PE: 6.13 | Current EPS (TTM): $0.31
Bull Case
$1.04
(-44%)
Analyst growth -50.0%, PE expands to 6.7
Base Case
$0.95
(-49%)
Market implied -50.0%, PE stable at 6.1
Bear Case
$1.29
(-31%)
Severe decline -20.0%, PE contracts to 5.2
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
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bloggers & journalists: you are free to use our charts with attribution.Reddit & Retail Trader Sentiment (CIG)
Bearish
1 Retail Mentions
Reddit / WSB Comments
1
Bearish
Last Tracked
Apr 2, 2021
Daily AI digest
AI Retail Discussion Summary:
Reddit & WallStreetBets discussions on CIG are bearish (sentiment score +0.00) across 1 tracked comments.
Aggregated from r/wallstreetbets, r/stocks & StockTwits streams.
View All Trending Reddit & WSB Stocks →
Last updated: November 11, 2026 12:22 AM ET
Data refreshes hourly during market hours. Next update: 1:22 AM
Data refreshes hourly during market hours. Next update: 1:22 AM
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Technical Signals Check
Is CIG showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
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