Breakout Candidates

8 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 — 8 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	Mkt Cap	52w High	RSI
FIRST HOLDCO PLC FIRSTHOLDCO	FINANCIAL SERVICES	₦79.3500	+9.9800%	78,657,490	—	₦81.9000	68.2755
LAFARGE AFRICA PLC. WAPCO	INDUSTRIAL GOODS	₦335.0000	+2.1300%	5,046,652	—	₦352.0000	61.2130
CONOIL PLC CONOIL	OIL AND GAS	₦210.0000	+0.0000%	66,493	—	₦213.0000	65.1463
JULIUS BERGER NIG. PLC. JBERGER	CONSTRUCTION/REAL ESTATE	₦310.8000	+0.0000%	6,386	—	₦315.0000	65.2670
TOTALENERGIES MARKETING NIGERIA PLC TOTAL	OIL AND GAS	₦640.0000	+0.0000%	2,045	—	₦640.0000	61.0625
INFINITY TRUST MORTGAGE BANK PLC INFINITY	FINANCIAL SERVICES	₦11.2500	+0.0000%	1,220	—	₦11.2500	41.8197
UNITY BANK PLC UNITYBNK	FINANCIAL SERVICES	₦1.5100	+0.0000%	0	—	₦0.0000	51.8759
PHARMA-DEKO PLC. PHARMDEKO	HEALTHCARE	₦1.8300	+0.0000%	0	—	₦0.0000	32.6051

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.