Tenth day of decline - CMIG4 heading towards the TargetCMIG4 (R$ 10,06) walking to Target.
---> Mar 24 (CMIG4 = R$ 10,80)
CEMIG shares are showing a considerable decline in the coming months . Unofficial studies indicate a Submarket exposure of around 700 average MW, with a Long position in the Northeast submarket and a Short position in the Southeast submarket for the year 2025. The effects of these exposures will start to affect the company's cash flow as of the financial settlement in March/25 (which should happen by the end of April/25), extending until mid-July/25. The study indicates effects of around -R$200 million in Q1/2025, which could reach -R$500 million by Q2/2025.
CIG trade ideas
CEMIG shares show projections of considerable declineCEMIG shares are showing a considerable decline in the coming months . Unofficial studies indicate a Submarket exposure of around 700 average MW, with a Long position in the Northeast submarket and a Short position in the Southeast submarket for the year 2025. The effects of these exposures will start to affect the company's cash flow as of the financial settlement in March/25 (which should happen by the end of April/25), extending until mid-July/25. The study indicates effects of around -R$200 million in Q1/2025, which could reach -R$500 million by Q2/2025.
BMFBOVESPA:CMIG3
BMFBOVESPA:CMIG4
BMFBOVESPA:CMIGP1!
Long Brazil Energy CIGCompanhia Energetica de Minas Gerais CEMIG is a Brazil-based holding company engaged in the energy sector. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the generation, transmission and distribution of electricity. The Generation division consists of the operation of hydroelectric plants, wind farms and photovoltaic plant. The electric power transmission business consists of transporting power from the facilities where it is generated to points of consumption, distribution networks and Free Consumers. Its distribution operation consists of transfers of electricity from distribution substations to final consumers. In addition, the Firm is also engaged in the natural gas distribution throughout the territory of the state of Minas Gerais.
Buy $CIG - NRPicks 13 AgoCompanhia Energetica de Minas Gerais, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of energy in Brazil. The company operates 89 hydroelectric and solar plants with an installed capacity of 6K MW; 339K miles of distribution lines.
Revenue TTM 4.6B
Net Income TTM 596M
EBITDA TTM 991M
Cash TTM 592M
Net Margin TTM 12.8%
P/E 5.69
Dividend Yield 9.95%
P/S 0.76
P/B 1.17
CIG is flagging and attempting to break outNYSE:CIG is flagging and showing bullish signs ahead of earnings, any miss in earnings on Monday could send the stock back to around 2.1$ which will be a good opportunity to buy IMO otherwise a breakout of the flag on Monday after earnings is buy signal. Anticipated price action and targets are shown on the chart, stop loss at 2.0$.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
Buy $CIG - NRPicks 07 MarCia Energetica Minas Gerais-Cemig, through its subsidiaries, participates in the generation, transmission, distribution and sale of energy in Brazil. As of December 31, 2019, the company operated 80 hydroelectric, thermoelectric and wind and solar plants with an installed capacity of 6,000 MW; 4,134 km transmission lines; and 335,421 km of distribution lines.
Risk rating agency Standard & Poor's (S&P) has raised its corporate ratings for Cemig, said the increase in ratings reflects our view that Cemig has kept its credit and liquidity metrics strong amid the pandemic. The company is close to filing its earnings report on March 31.
-Value
-P/S 0.79
-P/E 8.9
-P/B 1.04
-ROE 12.30%
Technical:
-Low levels of RSI - Oversold
-Price below MA50,MA100 andMA200
-Support at $2.04
CIG the waves keep rolling!Still no definite wave count. W view is starting to look like it's making a bigger correction to go down, but it appears that it's going to give a few buying setups before a clear long term direction is given. smaller degree looks like a ending diag that's complete and we might be going up to attack the previous highs within the range.
Or could be correcting the wave down if that ends up being the motive impulse. As for now, looks like a good buy on any bullish setup!
CIG wave count! Already long and looking to add more positions! NYSE:CIG has some nice wave structure going on. The 1st Impulse 1/A wave took the form of a diagonal. Now we're trading withing a slowly descending channel that looks like the upside will come (if not on this current move up, soon) What are your thoughts on this company? I'd love to hear some input!
Thanks for looking, and trade responsibly! Always remember YOU are responsible for making trades! :)
Look for a long on CIG on the break of upper channel. Utilities Sector finished strong last week, and if momentum continues look at CIG closely for long play over the upper channel trend line.
DISCLAIMER: This is not a financial advice, so please do your due diligence.
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