Breakout Candidates

38 stocks matched · Updated daily after market close

Breakout Candidates targets NGX stocks positioned for a potential new 52-week high. Three conditions must align: (1) Close within 5% of the 52-week high — resistance is nearby; (2) RSI below 70 — not yet overbought, so the move has room to run; (3) ordered by volume to surface the most actively traded names. Classic breakout strategy: buy the stock as it closes above the 52-week high on above-average volume, with a stop-loss just below the breakout level.

Breakout Candidates — 38 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	Mkt Cap	52w High	RSI
ARADEL HOLDINGS PLC ARADEL	OIL AND GAS	₦1933.8000	+0.0000%	3,533,287	—	₦2024.0000	19.4342
LAFARGE AFRICA PLC. WAPCO	INDUSTRIAL GOODS	₦342.0000	+0.0000%	2,023,487	—	₦352.0000	11.5153
NASCON ALLIED INDUSTRIES PLC NASCON	CONSUMER GOODS	₦219.5000	-0.2300%	1,536,683	—	₦222.0000	66.8682
MAY & BAKER NIGERIA PLC. MAYBAKER	HEALTHCARE	₦50.0000	+7.0700%	1,304,295	80,568,469,176	₦52.5000	63.2030
ECOBANK TRANSNATIONAL INCORPORATED ETI	FINANCIAL SERVICES	₦97.4000	+0.0000%	992,697	1,768,304,205,360	₦97.4000	17.8291
DANGOTE CEMENT PLC DANGCEM	INDUSTRIAL GOODS	₦1180.0000	+0.0000%	950,642	—	₦1189.0000	14.9308
FIDSON HEALTHCARE PLC FIDSON	HEALTHCARE	₦136.5000	+0.0000%	512,198	327,600,000,000	₦136.5000	17.5005
VITAFOAM NIG PLC. VITAFOAM	CONSUMER GOODS	₦194.0000	+0.0000%	396,283	291,196,498,138	₦194.0000	16.5135
ACADEMY PRESS PLC. ACADEMY	SERVICES	₦9.1500	+0.0000%	373,985	—	₦9.3800	18.1864
SEPLAT ENERGY PLC SEPLAT	OIL AND GAS	₦11486.2000	+0.0000%	348,369	—	₦11600.0000	11.6008
BUA FOODS PLC BUAFOODS	CONSUMER GOODS	₦967.0000	+0.0000%	255,310	17,406,000,000,000	₦967.0000	10.2518
OKOMU OIL PALM PLC. OKOMUOIL	AGRICULTURE	₦1750.0000	+0.0000%	151,321	—	₦1765.0000	3.9214
JULIUS BERGER NIG. PLC. JBERGER	CONSTRUCTION/REAL ESTATE	₦310.8000	+0.0000%	141,997	504,000,000,000	₦315.0000	10.4558
BETA GLASS PLC. BETAGLAS	INDUSTRIAL GOODS	₦570.0000	+0.0000%	92,285	—	₦598.0000	10.8342
PRESCO PLC PRESCO	AGRICULTURE	₦2300.0000	+0.0000%	72,525	—	₦2315.4000	10.5820
CHAPEL HILL DENHAM NIG. INFRAS DEBT FUND NIDF	CONSTRUCTION/REAL ESTATE	₦129.0000	+0.0000%	40,123	154,368,419,793	₦129.0000	2.6230
UNION DICON SALT PLC. UNIONDICON	CONSUMER GOODS	₦23.7500	+0.0000%	35,244	—	₦23.7500	19.6929
SKYWAY AVIATION HANDLING COMPANY PLC SKYAVN	SERVICES	₦156.9500	+0.0000%	29,885	212,444,381,000	₦164.9500	15.4140
NIGERIA REAL ESTATE INV. TRUST FUND NREIT	CONSTRUCTION/REAL ESTATE	₦103.0000	+0.0000%	16,182	—	₦103.0000	—
EUNISELL INTERLINKED PLC EUNISELL	SERVICES	₦209.9500	+0.0000%	15,024	—	₦209.9500	19.7754
SFS REAL ESTATE INVESTMENT TRUST SFSREIT	CONSTRUCTION/REAL ESTATE	₦418.7500	+0.0000%	10,733	—	₦418.7500	5.2134
TOTALENERGIES MARKETING NIGERIA PLC TOTAL	OIL AND GAS	₦640.0000	+0.0000%	6,237	—	₦640.0000	2.3436
CORONATION INFRASTRUCTURE FUND CNIF	CONSTRUCTION/REAL ESTATE	₦110.0000	+0.0000%	3,527	—	₦110.0000	1.8814
GEREGU POWER PLC GEREGU	UTILITIES	₦1132.5000	+0.0000%	3,114	—	₦0.0000	1.6676
INFINITY TRUST MORTGAGE BANK PLC INFINITY	FINANCIAL SERVICES	₦9.3500	+0.0000%	1,370	77,987,334,964	₦9.5000	5.7067
AIRTEL AFRICA PLC AIRTELAFRI	ICT	₦3655.7000	+0.0000%	8	—	₦3655.7000	16.5145
MOFI REAL ESTATE INVESTMENT FUND MOFIREIF	CONSTRUCTION/REAL ESTATE	₦100.0000	+0.0000%	0	100,000,000,000	₦0.0000	—
PHARMA-DEKO PLC. PHARMDEKO	HEALTHCARE	₦1.8300	+0.0000%	0	—	₦0.0000	—
AVA INFRASTRUCTURE FUND AVAIF	CONSTRUCTION/REAL ESTATE	₦1000000.0000	+0.0000%	0	4,075,000,000	₦0.0000	—
MULTI-TREX INTEGRATED FOODS PLC MULTITREX	CONSUMER GOODS	₦0.3600	+0.0000%	0	—	₦0.0000	—
EKOCORP PLC. EKOCORP	HEALTHCARE	₦5.8000	+0.0000%	0	—	₦0.0000	—
BRICLINKS AFRICA PLC BAPLC	ICT	₦6.2500	+0.0000%	0	—	₦0.0000	—
GOLDEN GUINEA BREW. PLC. GOLDBREW	CONSUMER GOODS	₦7.1000	+0.0000%	0	7,123,679,814	₦0.0000	—
UNITY BANK PLC UNITYBNK	FINANCIAL SERVICES	₦1.5100	+0.0000%	0	17,650,900,292	₦0.0000	0.5678
AFROMEDIA PLC AFROMEDIA	SERVICES	₦0.2400	+0.0000%	0	1,065,371,277	₦0.0000	—
AFRICAN ALLIANCE INSURANCE PLC AFRINSURE	FINANCIAL SERVICES	₦0.2000	+0.0000%	0	—	₦0.0000	—
RONCHESS GLOBAL RESOURCES PLC RONCHESS	CONSTRUCTION/REAL ESTATE	₦81.0000	+0.0000%	0	—	₦0.0000	—
STACO INSURANCE PLC STACO	FINANCIAL SERVICES	₦0.4800	+0.0000%	0	4,483,722,052	₦0.0000	—

Frequently Asked Questions

What makes a good breakout candidate on the NGX?

The best breakout candidates combine proximity to the 52-week high (within 2-5%), significantly above-average volume on the day of the break, an RSI between 50-65 (trending but not exhausted), and a positive MACD. Fundamental confirmation — improving earnings, strong sector tailwinds — further increases the probability of a sustained breakout rather than a false break.

How do I set a stop-loss on a breakout trade?

A common approach is to place a stop-loss 2-5% below the breakout level (the 52-week high that was just cleared). If the stock closes back below that level, the breakout has likely failed and it is time to exit to preserve capital.

More Combined Signals Signals

Strong Buy Signals

RSI oversold + MACD bullish + above MA 50 — triple-confirmed buy opportunity.

Strong Sell Signals

RSI overbought + MACD bearish + below MA 50 — triple-confirmed sell/avoid setup.

Recovery Picks

Near 52-week low + RSI < 35 + positive MACD — beaten-down stocks showing early recovery signs.

Top Nigerian Stocks

Largest and best-performing NGX stocks with positive momentum.

Today's Opportunities

Stocks showing strong bullish momentum today, ranked by Topchor Score.