Breakout Candidates

7 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 — 7 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	Mkt Cap	52w High	RSI
ACCESS HOLDINGS PLC ACCESSCORP	FINANCIAL SERVICES	₦28.8500	+6.0700%	12,006,621	1,479,021,663,658	₦28.9500	65.3438
ECOBANK TRANSNATIONAL INCORPORATED ETI	FINANCIAL SERVICES	₦67.3000	+9.9700%	3,550,114	1,452,349,895,144	₦61.2000	59.6002
FIRST HOLDCO PLC FIRSTHOLDCO	FINANCIAL SERVICES	₦64.2500	+9.9200%	2,473,015	2,598,318,363,624	₦58.4500	67.8143
ARADEL HOLDINGS PLC ARADEL	OIL AND GAS	₦1660.0000	+7.2700%	1,411,454	6,723,646,647,100	₦1547.5000	56.6791
NIGERIAN EXCHANGE GROUP NGXGROUP	FINANCIAL SERVICES	₦170.0000	+1.8000%	1,168,198	437,343,144,408	₦175.3000	55.3350
GEREGU POWER PLC GEREGU	UTILITIES	₦0.0000	+0.0000%	961	2,831,250,000,000	₦0.0000	51.6542
NIGERIA REAL ESTATE INV. TRUST FUND NREIT	CONSTRUCTION/REAL ESTATE	₦0.0000	+0.0000%	484	170,647,847,866	₦0.0000	51.8519

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.