MACD Bearish
90 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 — 90 Stocks
Sorted by signal strength| Company | Sector | Price (₦) | % Change | Volume | RSI | MACD | MA 50 | MA 200 |
|---|---|---|---|---|---|---|---|---|
|
NESTLE NIGERIA PLC.
NESTLE |
CONSUMER GOODS | ₦3125.0000 | +0.0000% | 65,514 | 4.4704 | -225.4283 | ₦3042.0920 | — |
|
SEPLAT ENERGY PLC
SEPLAT |
OIL AND GAS | ₦11486.2000 | +0.0000% | 348,369 | 11.6008 | -113.7505 | — | — |
|
GEREGU POWER PLC
GEREGU |
UTILITIES | ₦1132.5000 | +0.0000% | 3,114 | 1.6676 | -89.6071 | — | — |
|
OKOMU OIL PALM PLC.
OKOMUOIL |
AGRICULTURE | ₦1750.0000 | +0.0000% | 151,321 | 3.9214 | -85.7876 | ₦1500.3540 | — |
|
PRESCO PLC
PRESCO |
AGRICULTURE | ₦2300.0000 | +0.0000% | 72,525 | 10.5820 | -71.1338 | ₦1965.7520 | — |
|
MTN NIGERIA COMMUNICATIONS PLC
MTNN |
ICT | ₦820.0000 | +0.0000% | 3,794,595 | 7.9697 | -52.9855 | ₦769.8420 | — |
|
TOTALENERGIES MARKETING NIGERIA PLC
TOTAL |
OIL AND GAS | ₦640.0000 | +0.0000% | 6,237 | 2.3436 | -52.6793 | — | — |
|
TRANSCORP POWER PLC
TRANSPOWER |
UTILITIES | ₦245.5000 | +0.0000% | 76,507 | 3.2283 | -33.9831 | — | — |
|
GUINNESS NIG PLC
GUINNESS |
CONSUMER GOODS | ₦402.6000 | +0.0000% | 7,078,549 | 10.1662 | -24.6541 | ₦356.7780 | — |
|
SFS REAL ESTATE INVESTMENT TRUST
SFSREIT |
CONSTRUCTION/REAL ESTATE | ₦418.7500 | +0.0000% | 10,733 | 5.2134 | -23.7564 | — | — |
|
CONOIL PLC
CONOIL |
OIL AND GAS | ₦194.0000 | +0.0000% | 62,823 | 2.6972 | -20.2898 | — | — |
|
ARADEL HOLDINGS PLC
ARADEL |
OIL AND GAS | ₦1933.8000 | +0.0000% | 3,533,287 | 19.4342 | -18.6225 | ₦1425.3600 | — |
|
BUA FOODS PLC
BUAFOODS |
CONSUMER GOODS | ₦967.0000 | +0.0000% | 255,310 | 10.2518 | -17.1220 | ₦778.6860 | — |
|
BETA GLASS PLC.
BETAGLAS |
INDUSTRIAL GOODS | ₦570.0000 | +0.0000% | 92,285 | 10.8342 | -16.1666 | ₦485.4780 | — |
|
NIGERIAN AVIATION HANDLING COMPANY PLC
NAHCO |
SERVICES | ₦189.5000 | +0.0000% | 621,427 | 14.1786 | -15.3583 | ₦186.0170 | — |
|
NIGERIAN EXCHANGE GROUP
NGXGROUP |
FINANCIAL SERVICES | ₦149.5000 | +0.0000% | 1,731,398 | 9.6475 | -14.6490 | ₦160.3520 | — |
|
NCR (NIGERIA) PLC.
NCR |
ICT | ₦161.2000 | +0.0000% | 11,622 | 5.5255 | -13.0473 | ₦153.2460 | — |
|
JULIUS BERGER NIG. PLC.
JBERGER |
CONSTRUCTION/REAL ESTATE | ₦310.8000 | +0.0000% | 141,997 | 10.4558 | -10.8144 | ₦259.4100 | — |
|
CHAPEL HILL DENHAM NIG. INFRAS DEBT FUND
NIDF |
CONSTRUCTION/REAL ESTATE | ₦129.0000 | +0.0000% | 40,123 | 2.6230 | -8.6722 | — | — |
|
CORONATION INFRASTRUCTURE FUND
CNIF |
CONSTRUCTION/REAL ESTATE | ₦110.0000 | +0.0000% | 3,527 | 1.8814 | -8.6119 | — | — |
|
NIGERIA REAL ESTATE INV. TRUST FUND
NREIT |
CONSTRUCTION/REAL ESTATE | ₦103.0000 | +0.0000% | 16,182 | — | -8.2165 | — | — |
|
N NIG. FLOUR MILLS PLC.
NNFM |
CONSUMER GOODS | ₦79.4000 | +0.0000% | 16,815 | 4.7617 | -7.5423 | ₦82.8660 | — |
|
STANBIC IBTC HOLDINGS PLC
STANBIC |
FINANCIAL SERVICES | ₦169.3500 | +0.0000% | 575,298 | 14.9193 | -7.3692 | ₦147.1080 | — |
|
SKYWAY AVIATION HANDLING COMPANY PLC
SKYAVN |
SERVICES | ₦156.9500 | +0.0000% | 29,885 | 15.4140 | -7.1475 | ₦140.3680 | — |
|
BUA CEMENT PLC
BUACEMENT |
INDUSTRIAL GOODS | ₦378.0000 | -10.0000% | 803,502 | 14.8103 | -6.1817 | ₦321.9540 | — |
|
LAFARGE AFRICA PLC.
WAPCO |
INDUSTRIAL GOODS | ₦342.0000 | +0.0000% | 2,023,487 | 11.5153 | -6.1776 | ₦263.8120 | — |
|
CADBURY NIGERIA PLC.
CADBURY |
CONSUMER GOODS | ₦69.0000 | +0.0000% | 334,833 | 9.9389 | -5.4091 | ₦67.3590 | — |
|
CUSTODIAN INVESTMENT PLC
CUSTODIAN |
CONGLOMERATES | ₦83.0000 | +0.0000% | 286,283 | 15.3330 | -4.3353 | ₦74.8990 | — |
|
TRANSNATIONAL CORPORATION PLC
TRANSCORP |
CONGLOMERATES | ₦46.0000 | +0.0000% | 1,787,137 | 10.5982 | -3.4533 | ₦45.7570 | — |
|
UH REAL ESTATE INVESTMENT TRUST
UHOMREIT |
CONSTRUCTION/REAL ESTATE | ₦84.7000 | +0.0000% | 40,229 | 11.5248 | -3.0505 | ₦73.5510 | — |
|
NEM INSURANCE PLC
NEM |
FINANCIAL SERVICES | ₦32.9000 | +0.0000% | 569,380 | 16.9185 | -2.6243 | ₦31.1100 | — |
|
INFINITY TRUST MORTGAGE BANK PLC
INFINITY |
FINANCIAL SERVICES | ₦9.3500 | +0.0000% | 1,370 | 5.7067 | -2.6036 | ₦14.2850 | — |
|
INDUSTRIAL & MEDICAL GASES NIGERIA PLC
IMG |
NATURAL RESOURCES | ₦38.1000 | +0.0000% | 55,294 | 12.8746 | -2.4892 | ₦36.0930 | — |
|
NIGERIAN ENAMELWARE PLC.
ENAMELWA |
CONSUMER GOODS | ₦37.0000 | +0.0000% | 200 | 4.6516 | -2.4092 | ₦34.4330 | — |
|
P Z CUSSONS NIGERIA PLC.
PZ |
CONSUMER GOODS | ₦98.0000 | +0.0000% | 977,439 | 16.9047 | -2.2746 | ₦81.4150 | — |
|
E-TRANZACT INTERNATIONAL PLC
ETRANZACT |
ICT | ₦18.0000 | +0.0000% | 651,074 | 16.0610 | -1.8762 | ₦18.9150 | — |
|
ALUMINIUM EXTRUSION IND. PLC.
ALEX |
NATURAL RESOURCES | ₦9.9000 | +0.0000% | 738,984 | 15.5834 | -1.5258 | — | — |
|
CHAMPION BREW. PLC.
CHAMPION |
CONSUMER GOODS | ₦13.0500 | +0.0000% | 891,503 | 9.4697 | -1.4534 | ₦14.3980 | — |
|
AXAMANSARD INSURANCE PLC
MANSARD |
FINANCIAL SERVICES | ₦13.5000 | +0.0000% | 662,355 | 9.8885 | -1.3467 | ₦14.2900 | — |
|
CWG PLC
CWG |
ICT | ₦24.0000 | +0.0000% | 1,062,091 | 18.5730 | -1.3066 | ₦21.0960 | ₦16.4408 |
|
CHELLARAMS PLC.
CHELLARAM |
CONGLOMERATES | ₦13.2000 | +0.0000% | 30,835 | 4.5723 | -0.9541 | ₦12.8624 | — |
|
MEYER PLC.
MEYER |
INDUSTRIAL GOODS | ₦20.6000 | +0.0000% | 80,102 | 15.3743 | -0.9455 | ₦18.5350 | — |
|
JULI PLC.
JULI |
SERVICES | ₦7.2500 | +0.0000% | 3,235 | 2.4744 | -0.6967 | — | — |
|
MORISON INDUSTRIES PLC.
MORISON |
HEALTHCARE | ₦10.6200 | +0.0000% | 18,092 | 12.8086 | -0.6568 | — | — |
|
ACADEMY PRESS PLC.
ACADEMY |
SERVICES | ₦9.1500 | +0.0000% | 373,985 | 18.1864 | -0.5180 | ₦8.0710 | — |
|
NPF MICROFINANCE BANK PLC
NPFMCRFBK |
FINANCIAL SERVICES | ₦5.7400 | +0.0000% | 988,259 | 13.0294 | -0.4602 | ₦5.8620 | ₦3.8707 |
|
ACCESS HOLDINGS PLC
ACCESSCORP |
FINANCIAL SERVICES | ₦24.0000 | -0.2100% | 130,257,627 | 43.4487 | -0.4432 | ₦25.8420 | ₦24.4982 |
|
TRIPPLE GEE AND COMPANY PLC.
TRIPPLEG |
INDUSTRIAL GOODS | ₦3.9800 | +0.0000% | 92,770 | 5.1173 | -0.4388 | ₦4.6378 | — |
|
HALDANE MCCALL PLC
HMCALL |
CONSTRUCTION/REAL ESTATE | ₦3.8400 | +0.0000% | 318,616 | 16.8802 | -0.3267 | ₦3.7774 | — |
|
THOMAS WYATT NIG. PLC.
THOMASWY |
NATURAL RESOURCES | ₦2.7500 | +0.0000% | 0 | 10.9994 | -0.2633 | ₦2.9052 | — |
|
ETERNA PLC.
ETERNA |
OIL AND GAS | ₦34.4500 | -4.2100% | 807,697 | 44.4338 | -0.2328 | ₦36.0760 | — |
|
ELLAH LAKES PLC.
ELLAHLAKES |
AGRICULTURE | ₦10.0000 | -0.5000% | 6,061,981 | 43.9629 | -0.1796 | ₦10.7500 | ₦10.3121 |
|
C & I LEASING PLC.
CILEASING |
SERVICES | ₦6.3500 | +4.1000% | 1,792,446 | 45.9537 | -0.0581 | ₦6.6540 | — |
|
FORTIS GLOBAL INSURANCE PLC
FTGINSURE |
FINANCIAL SERVICES | ₦1.0100 | +1.0000% | 2,022,614 | 43.9888 | -0.0368 | ₦1.1714 | — |
|
LEARN AFRICA PLC
LEARNAFRCA |
SERVICES | ₦12.7500 | +0.0000% | 190,199 | 25.1145 | -0.0359 | ₦9.5080 | — |
|
CUTIX PLC.
CUTIX |
INDUSTRIAL GOODS | ₦3.0000 | -3.2300% | 20,221,371 | 43.0420 | -0.0257 | ₦3.1708 | ₦3.2874 |
|
MULTIVERSE MINING AND EXPLORATION PLC
MULTIVERSE |
NATURAL RESOURCES | ₦25.6500 | +0.0000% | 16,528 | 17.4854 | 0.0164 | ₦19.4380 | — |
|
LINKAGE ASSURANCE PLC
LINKASSURE |
FINANCIAL SERVICES | ₦1.7900 | +0.5600% | 17,096,903 | 56.0042 | 0.0400 | ₦1.6106 | ₦1.6736 |
|
AIICO INSURANCE PLC.
AIICO |
FINANCIAL SERVICES | ₦4.6000 | +2.2200% | 19,862,970 | 59.1424 | 0.1062 | ₦4.2366 | ₦3.3232 |
|
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
NEIMETH |
HEALTHCARE | ₦10.3000 | +0.9800% | 77,908,532 | 51.7617 | 0.2101 | ₦9.8500 | — |
|
TRANS-NATIONWIDE EXPRESS PLC.
TRANSEXPR |
SERVICES | ₦4.7600 | -9.8500% | 1,510,803 | 41.7935 | 0.2937 | — | — |
|
UNION DICON SALT PLC.
UNIONDICON |
CONSUMER GOODS | ₦23.7500 | +0.0000% | 35,244 | 19.6929 | 0.3110 | ₦16.9290 | — |
|
S C O A NIG. PLC.
SCOA |
CONGLOMERATES | ₦33.0500 | +0.0000% | 39,061 | 18.0904 | 0.4889 | ₦24.2840 | — |
|
LIVESTOCK FEEDS PLC.
LIVESTOCK |
AGRICULTURE | ₦9.3000 | -0.5300% | 3,211,552 | 58.1470 | 0.4930 | ₦7.7800 | ₦7.9390 |
|
FIDELITY BANK PLC
FIDELITYBK |
FINANCIAL SERVICES | ₦20.2500 | -4.4800% | 8,573,448 | 50.7089 | 0.6033 | ₦20.0360 | ₦19.7465 |
|
FTN COCOA PROCESSORS PLC
FTNCOCOA |
AGRICULTURE | ₦9.0900 | +1.5600% | 2,425,352 | 59.7764 | 0.8016 | ₦6.7284 | ₦5.3110 |
|
R T BRISCOE PLC.
RTBRISCOE |
SERVICES | ₦14.9000 | +9.1600% | 3,879,333 | 59.5329 | 0.8896 | ₦11.3702 | ₦6.3035 |
|
WEMA BANK PLC.
WEMABANK |
FINANCIAL SERVICES | ₦33.0000 | -1.4900% | 3,030,672 | 57.7809 | 1.0986 | ₦29.4410 | ₦21.3480 |
|
EUNISELL INTERLINKED PLC
EUNISELL |
SERVICES | ₦209.9500 | +0.0000% | 15,024 | 19.7754 | 1.1047 | ₦147.2310 | — |
|
FIDSON HEALTHCARE PLC
FIDSON |
HEALTHCARE | ₦136.5000 | +0.0000% | 512,198 | 17.5005 | 1.2189 | ₦96.4500 | — |
|
JOHN HOLT PLC.
JOHNHOLT |
CONGLOMERATES | ₦15.3000 | -9.7300% | 534,949 | 49.2195 | 1.2498 | ₦13.2910 | — |
|
DANGOTE SUGAR REFINERY PLC
DANGSUGAR |
CONSUMER GOODS | ₦71.1500 | +1.7600% | 10,669,956 | 40.4564 | 1.2675 | ₦74.6990 | — |
|
PREMIER PAINTS PLC.
PREMPAINTS |
INDUSTRIAL GOODS | ₦33.7500 | +0.0000% | 112,994 | 14.3380 | 1.4621 | — | — |
|
THE INITIATES PLC
TIP |
SERVICES | ₦31.2000 | +9.8600% | 61,275,571 | 51.6050 | 1.5058 | ₦24.9850 | ₦14.7864 |
|
U A C N PLC.
UACN |
CONGLOMERATES | ₦183.0000 | +0.0000% | 501,833 | 18.4411 | 1.9521 | ₦129.6320 | — |
|
NIGERIAN BREW. PLC.
NB |
CONSUMER GOODS | ₦83.7500 | +0.1800% | 2,868,241 | 53.9294 | 2.0242 | ₦77.3230 | ₦65.9483 |
|
MECURE INDUSTRIES PLC
MECURE |
HEALTHCARE | ₦94.9000 | +0.0000% | 58,698 | 21.5565 | 2.0907 | ₦68.2710 | — |
|
FIRST HOLDCO PLC
FIRSTHOLDCO |
FINANCIAL SERVICES | ₦67.0000 | -4.2900% | 17,325,437 | 53.2257 | 2.2248 | ₦60.7020 | ₦40.7422 |
|
GUARANTY TRUST HOLDING COMPANY PLC
GTCO |
FINANCIAL SERVICES | ₦136.0000 | -0.7300% | 27,666,758 | 45.1446 | 2.6056 | ₦130.2770 | ₦99.8448 |
|
UNILEVER NIGERIA PLC.
UNILEVER |
CONSUMER GOODS | ₦156.0000 | +0.0000% | 165,918 | 21.1728 | 3.2663 | ₦109.2890 | — |
|
ZENITH BANK PLC
ZENITHBANK |
FINANCIAL SERVICES | ₦128.8500 | -1.7200% | 32,935,528 | 55.5517 | 3.5733 | ₦118.1390 | ₦78.0755 |
|
ECOBANK TRANSNATIONAL INCORPORATED
ETI |
FINANCIAL SERVICES | ₦97.4000 | +0.0000% | 992,697 | 17.8291 | 3.5961 | ₦60.2140 | — |
|
ZICHIS AGRO ALLIED INDUSTRIES PLC
ZICHIS |
AGRICULTURE | ₦34.0000 | +3.0300% | 5,637,361 | 61.7813 | 3.6771 | ₦20.0664 | — |
|
VITAFOAM NIG PLC.
VITAFOAM |
CONSUMER GOODS | ₦194.0000 | +0.0000% | 396,283 | 16.5135 | 4.5863 | ₦131.5970 | — |
|
DANGOTE CEMENT PLC
DANGCEM |
INDUSTRIAL GOODS | ₦1180.0000 | +0.0000% | 950,642 | 14.9308 | 5.9521 | ₦866.7280 | — |
|
BERGER PAINTS PLC
BERGER |
INDUSTRIAL GOODS | ₦147.6000 | +0.0000% | 89,140 | 21.0079 | 8.2970 | ₦87.8100 | — |
|
CAP PLC
CAP |
INDUSTRIAL GOODS | ₦179.1000 | +0.0000% | 326,140 | 21.8718 | 8.7399 | ₦122.4560 | — |
|
TRANSCORP HOTELS PLC
TRANSCOHOT |
SERVICES | ₦223.3000 | +0.0000% | 230,013 | 86.0430 | 10.2614 | ₦190.4400 | — |
|
NASCON ALLIED INDUSTRIES PLC
NASCON |
CONSUMER GOODS | ₦219.5000 | -0.2300% | 1,536,683 | 66.8682 | 13.5007 | ₦175.6510 | — |
|
AIRTEL AFRICA PLC
AIRTELAFRI |
ICT | ₦3655.7000 | +0.0000% | 8 | 16.5145 | 49.9099 | — | — |
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.