MACD Bearish

57 stocks matched · Updated daily after market close

A bearish MACD occurs when the MACD line falls below its signal line, signalling that short-term downward momentum is strengthening. This is used as a warning signal by technical traders — either to exit long positions or to look for short-selling opportunities. The further the MACD dips below zero (negative territory), the stronger the bearish momentum.

MACD Bearish — 57 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	RSI	MACD	MA 50	MA 200
GEREGU POWER PLC GEREGU	UTILITIES	₦825.7000	+0.0000%	3,678	3.9320	-64.7929	₦1057.8600	—
BUA CEMENT PLC BUACEMENT	INDUSTRIAL GOODS	₦306.2000	+0.0000%	1,699,185	16.6842	-14.8307	₦374.3060	₦196.6272
GUINNESS NIG PLC GUINNESS	CONSUMER GOODS	₦329.0000	+0.0000%	99,813	13.6089	-13.8721	₦401.9480	₦181.4042
NASCON ALLIED INDUSTRIES PLC NASCON	CONSUMER GOODS	₦180.0000	+0.0000%	478,341	18.6842	-5.6907	₦205.1900	₦114.4670
UNILEVER NIGERIA PLC. UNILEVER	CONSUMER GOODS	₦121.0000	-1.3500%	789,101	31.9183	-4.5333	₦135.5810	₦70.1022
CAP PLC CAP	INDUSTRIAL GOODS	₦157.6000	+0.0000%	199,757	33.1247	-3.1070	₦164.2560	₦75.6275
OANDO PLC OANDO	OIL AND GAS	₦38.0000	+2.6300%	4,772,912	37.4547	-2.1809	₦45.3280	₦47.0645
P Z CUSSONS NIGERIA PLC. PZ	CONSUMER GOODS	₦81.0000	+0.0000%	998,345	29.6360	-1.9671	₦91.2410	₦53.7573
MAY & BAKER NIGERIA PLC. MAYBAKER	HEALTHCARE	₦38.0000	+0.0000%	313,749	32.6385	-1.4105	₦42.0090	₦25.8855
RED STAR EXPRESS PLC REDSTAREX	SERVICES	₦22.1000	+0.0000%	24,375	29.5695	-1.3851	₦27.5140	₦13.9911
ECOBANK TRANSNATIONAL INCORPORATED ETI	FINANCIAL SERVICES	₦85.7000	+0.0000%	739,986	29.5448	-0.7073	₦86.8260	₦47.6502
MCNICHOLS PLC MCNICHOLS	CONSUMER GOODS	₦5.0000	+8.7000%	3,971,041	35.1767	-0.6972	₦7.3476	₦5.2929
STANBIC IBTC HOLDINGS PLC STANBIC	FINANCIAL SERVICES	₦166.9000	+2.3900%	22,776,167	56.0864	-0.5998	₦165.0630	₦110.0498
CWG PLC CWG	ICT	₦19.0000	-2.5600%	1,021,027	40.6277	-0.5207	₦21.1890	₦18.2817
PREMIER PAINTS PLC. PREMPAINTS	INDUSTRIAL GOODS	₦30.4000	+0.0000%	222,134	34.8813	-0.4766	₦33.4070	—
MEYER PLC. MEYER	INDUSTRIAL GOODS	₦18.5500	+0.0000%	11,423	27.0373	-0.4472	₦19.7250	₦10.6946
ACADEMY PRESS PLC. ACADEMY	SERVICES	₦6.4000	+0.0000%	661,525	27.5683	-0.4469	₦7.6730	₦5.7699
CHAMPION BREW. PLC. CHAMPION	CONSUMER GOODS	₦12.0000	-0.4200%	11,602,075	19.0625	-0.4335	₦13.3120	₦13.5899
AXAMANSARD INSURANCE PLC MANSARD	FINANCIAL SERVICES	₦11.7000	-5.9800%	2,591,911	33.0633	-0.3992	₦13.0950	₦13.3831
LEARN AFRICA PLC LEARNAFRCA	SERVICES	₦9.9000	+0.0000%	73,941	49.8520	-0.3817	₦10.2920	₦6.8741
DEAP CAPITAL MANAGEMENT & TRUST PLC DEAPCAP	FINANCIAL SERVICES	₦3.8000	+1.3300%	9,435,501	34.4897	-0.3438	₦4.9888	₦3.6475
LEGEND INTERNET PLC LEGENDINT	ICT	₦4.8500	+8.9900%	3,161,193	40.7378	-0.2580	₦5.6024	₦6.0488
LIVINGTRUST MORTGAGE BANK PLC LIVINGTRUST	FINANCIAL SERVICES	₦3.3900	+0.0000%	20,769	32.8498	-0.1310	₦3.8120	₦3.9351
MECURE INDUSTRIES PLC MECURE	HEALTHCARE	₦85.4500	+0.0000%	163,698	34.8754	-0.1191	₦83.3350	—
AIICO INSURANCE PLC. AIICO	FINANCIAL SERVICES	₦3.9600	+3.2800%	3,986,502	38.3075	-0.1034	₦4.3290	₦3.7436
HALDANE MCCALL PLC HMCALL	CONSTRUCTION/REAL ESTATE	₦3.3200	-5.9500%	348,170	22.3184	-0.0910	₦3.7446	—
SOVEREIGN TRUST INSURANCE PLC SOVRENINS	FINANCIAL SERVICES	₦2.0000	-7.0000%	1,331,839	41.8642	-0.0877	₦2.2136	₦2.3452
MORISON INDUSTRIES PLC. MORISON	HEALTHCARE	₦10.4000	+0.0000%	27,032	40.1010	-0.0651	₦10.8658	—
GUINEA INSURANCE PLC. GUINEAINS	FINANCIAL SERVICES	₦0.9300	+3.3300%	2,229,968	44.8810	-0.0449	₦1.0362	₦1.1890
INTERNATIONAL ENERGY INSURANCE PLC INTENEGINS	FINANCIAL SERVICES	₦4.6600	+0.0000%	440,416	42.4818	-0.0181	₦4.7566	₦3.1214
CORNERSTONE INSURANCE PLC CORNERST	FINANCIAL SERVICES	₦5.6000	+0.0000%	489,463	45.7855	-0.0010	₦5.7310	₦5.3883
UNITY BANK PLC UNITYBNK	FINANCIAL SERVICES	₦1.5100	+0.0000%	0	51.8759	0.0014	₦1.5112	₦1.7163
AFROMEDIA PLC AFROMEDIA	SERVICES	₦0.2400	+0.0000%	0	100.0000	0.0020	₦0.2338	—
PRESTIGE ASSURANCE PLC PRESTIGE	FINANCIAL SERVICES	₦1.4500	+0.0000%	737,984	45.1353	0.0080	₦1.4744	₦1.5037
JULI PLC. JULI	SERVICES	₦7.2500	+0.0000%	400	58.7540	0.0135	₦7.2530	—
CHELLARAMS PLC. CHELLARAM	CONGLOMERATES	₦13.2000	+0.0000%	8,549	58.4941	0.0173	₦13.2000	—
GOLDEN GUINEA BREW. PLC. GOLDBREW	CONSUMER GOODS	₦7.1000	+0.0000%	0	83.4670	0.1366	₦7.0818	—
ASSOCIATED BUS COMPANY PLC ABCTRANS	SERVICES	₦7.8000	+0.0000%	71,495	59.5521	0.1634	₦7.1580	₦4.3898
ABBEY MORTGAGE BANK PLC ABBEYBDS	FINANCIAL SERVICES	₦8.0500	-7.4700%	719,840	44.4048	0.2688	₦7.6730	₦6.3223
MULTIVERSE MINING AND EXPLORATION PLC MULTIVERSE	NATURAL RESOURCES	₦25.5000	+0.0000%	3,619	68.7746	0.3816	₦23.7970	₦13.7512
UNION DICON SALT PLC. UNIONDICON	CONSUMER GOODS	₦23.7500	+0.0000%	305	78.1579	0.5246	₦21.4470	—
IKEJA HOTEL PLC IKEJAHOTEL	SERVICES	₦42.5000	+0.0000%	47,256	46.2060	0.5518	₦41.2220	₦24.2465
TOTALENERGIES MARKETING NIGERIA PLC TOTAL	OIL AND GAS	₦640.0000	+0.0000%	2,045	61.0625	0.6789	₦640.0000	—
S C O A NIG. PLC. SCOA	CONGLOMERATES	₦33.0500	+0.0000%	6,411	83.9640	0.7149	₦29.8010	₦11.7037
NIGERIAN ENAMELWARE PLC. ENAMELWA	CONSUMER GOODS	₦40.7000	+0.0000%	76	91.6263	0.7395	₦38.4800	—
NESTLE NIGERIA PLC. NESTLE	CONSUMER GOODS	₦3125.0000	+0.0000%	4,093	52.6005	1.2220	₦3137.8160	₦1849.2045
SFS REAL ESTATE INVESTMENT TRUST SFSREIT	CONSTRUCTION/REAL ESTATE	₦418.7500	+0.0000%	4,393	99.9267	1.7757	₦418.7500	—
JULIUS BERGER NIG. PLC. JBERGER	CONSTRUCTION/REAL ESTATE	₦310.8000	+0.0000%	6,386	65.2670	2.0811	₦305.3540	₦152.1490
CONOIL PLC CONOIL	OIL AND GAS	₦210.0000	+0.0000%	66,493	65.1463	2.2072	₦202.5660	₦126.7945
VITAFOAM NIG PLC. VITAFOAM	CONSUMER GOODS	₦194.8000	+0.0000%	113,725	61.4102	2.8729	₦174.0670	₦86.3910
BERGER PAINTS PLC BERGER	INDUSTRIAL GOODS	₦147.6000	+0.0000%	3,324	82.9495	3.8642	₦130.1490	₦56.8460
BETA GLASS PLC. BETAGLAS	INDUSTRIAL GOODS	₦562.8000	+0.0000%	27,879	68.5749	4.4653	₦546.5840	₦241.2083
EUNISELL INTERLINKED PLC EUNISELL	SERVICES	₦210.0000	+0.0000%	844	79.0531	4.7079	₦192.0690	—
SKYWAY AVIATION HANDLING COMPANY PLC SKYAVN	SERVICES	₦171.2000	+0.0000%	3,196	77.3126	5.0108	₦155.7570	—
BUA FOODS PLC BUAFOODS	CONSUMER GOODS	₦939.0000	+0.0000%	41,780	70.8801	7.6807	₦907.6320	—
PRESCO PLC PRESCO	AGRICULTURE	₦2300.0000	+0.0000%	15,093	77.0867	22.9674	₦2206.4000	₦1023.8770
SEPLAT ENERGY PLC SEPLAT	OIL AND GAS	₦11363.9000	+0.0000%	114,487	82.1847	133.0632	₦10874.2400	—

Frequently Asked Questions

What should I do when an NGX stock shows a bearish MACD?

A bearish MACD crossover is a caution signal, not always a sell trigger. If you hold the stock, consider reviewing your stop-loss levels. If you are considering buying, wait for the MACD to turn bullish again or combine with other signals such as RSI oversold (< 30) to find contrarian entries.

More Technical Based Signals

RSI Oversold

NGX stocks with RSI below 30 — technically oversold and potentially due for a bounce.

RSI Overbought

NGX stocks with RSI above 70 — technically overbought, watch for potential pullbacks.

MACD Bullish

NGX stocks where MACD is above its signal line — bullish momentum signal.

Above 200-Day MA

NGX stocks trading above their 200-day moving average — long-term uptrend.

Below 200-Day MA

NGX stocks below their 200-day moving average — long-term downtrend warning.

Golden Cross

NGX stocks where the 50-day MA has crossed above the 200-day MA — strong bullish signal.

Death Cross

NGX stocks where the 50-day MA has fallen below the 200-day MA — long-term bearish signal.