MACD Bearish

55 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 — 55 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	RSI	MACD	MA 50	MA 200
NESTLE NIGERIA PLC. NESTLE	CONSUMER GOODS	₦2750.0000	+0.0000%	7,821	27.4793	-37.3694	₦2839.3000	₦2383.5150
ARADEL HOLDINGS PLC ARADEL	OIL AND GAS	₦1499.9000	+7.1400%	1,506,705	52.4968	-17.8304	₦1486.2180	₦1233.0840
PZ CUSSONS NIGERIA PLC. PZ	CONSUMER GOODS	₦64.5000	+0.0000%	641,995	23.2873	-3.4383	₦76.4570	₦69.7018
FIRST HOLDCO PLC FIRSTHOLDCO	FINANCIAL SERVICES	₦138.0000	+0.8400%	10,850,935	35.6515	-2.1242	₦143.6760	₦79.9310
GUARANTY TRUST HOLDING COMPANY PLC GTCO	FINANCIAL SERVICES	₦131.0000	+2.5800%	620,871	35.2364	-0.6968	₦130.6820	₦122.6478
DANGOTE SUGAR REFINERY PLC DANGSUGAR	CONSUMER GOODS	₦67.1500	-1.2500%	1,868,530	37.7594	-0.5861	₦69.9870	₦70.9993
UNITED BANK FOR AFRICA PLC UBA	FINANCIAL SERVICES	₦43.1500	+0.3500%	36,369,840	38.8819	-0.5099	₦44.9380	₦44.4490
DEAP CAPITAL MANAGEMENT & TRUST PLC DEAPCAP	FINANCIAL SERVICES	₦3.8000	+1.3300%	9,435,501	34.4897	-0.3438	₦4.9888	₦3.6475
AXAMANSARD INSURANCE PLC MANSARD	FINANCIAL SERVICES	₦11.0000	+0.0000%	199,463	37.7223	-0.2544	₦11.8780	₦13.7686
ELLAH LAKES PLC. ELLAHLAKES	AGRICULTURE	₦8.0000	+0.6300%	2,729,267	41.1050	-0.2277	₦8.3910	₦10.5645
UNITED CAPITAL PLC UCAP	FINANCIAL SERVICES	₦16.7500	+0.3000%	3,674,467	40.7925	-0.1440	₦17.3560	₦17.8792
ACCESS HOLDINGS PLC ACCESSCORP	FINANCIAL SERVICES	₦28.3000	-0.3500%	16,975,338	42.1042	-0.1225	₦28.9000	₦25.8493
FCMB GROUP PLC. FCMB	FINANCIAL SERVICES	₦11.0000	-1.3600%	4,014,924	39.5699	-0.1089	₦11.4560	₦11.4322
THOMAS WYATT NIGERIA PLC. THOMASWY	NATURAL RESOURCES	₦2.2000	-6.3800%	885,942	30.5165	-0.1019	₦2.7538	₦2.5814
JAIZ BANK PLC JAIZBANK	FINANCIAL SERVICES	₦7.9000	+3.2700%	7,128,346	47.6697	-0.0871	₦8.1410	₦8.4044
CORNERSTONE INSURANCE PLC CORNERST	FINANCIAL SERVICES	₦4.9000	-1.0100%	343,138	42.5923	-0.0851	₦5.1950	₦5.6929
FTN COCOA PROCESSORS PLC FTNCOCOA	AGRICULTURE	₦7.6100	-3.5500%	1,557,162	43.6818	-0.0816	₦8.1782	₦7.2868
TRANSNATIONAL CORPORATION PLC TRANSCORP	CONGLOMERATES	₦36.0000	+0.0000%	292,803	46.8018	-0.0728	₦36.4670	₦43.4382
UNIVERSITY PRESS PLC. UPL	SERVICES	₦5.0000	+6.3800%	318,385	51.3868	-0.0546	₦5.0810	₦5.4149
THE INITIATES PLC TIP	SERVICES	₦25.9000	+0.0000%	1,645,717	51.0729	-0.0412	₦25.5930	₦23.7255
JAPAUL GOLD & VENTURES PLC JAPAULGOLD	OIL AND GAS	₦2.5800	-3.7300%	3,592,786	45.4928	-0.0313	₦2.7456	₦2.9778
LINKAGE ASSURANCE PLC LINKASSURE	FINANCIAL SERVICES	₦1.6300	+0.0000%	11,404,896	42.0668	-0.0263	₦1.7376	₦1.6890
MUTUAL BENEFITS ASSURANCE PLC. MBENEFIT	FINANCIAL SERVICES	₦3.1100	-3.1200%	4,423,191	47.0404	-0.0183	₦3.1798	₦3.8004
SUNU ASSURANCES NIGERIA PLC. SUNUASSUR	FINANCIAL SERVICES	₦2.9300	+0.0000%	54,553	41.4551	-0.0150	₦3.1122	₦4.1291
C & I LEASING PLC. CILEASING	SERVICES	₦5.4000	+0.0000%	253,398	48.5506	-0.0045	₦5.4360	₦6.2655
GOLDEN GUINEA BREWERIES PLC GOLDBREW	CONSUMER GOODS	₦7.1000	+0.0000%	0	83.4670	0.0015	₦7.1000	—
UNION DICON SALT PLC. UNIONDICON	CONSUMER GOODS	₦23.7500	+0.0000%	10,515	78.1579	0.0059	₦23.7500	₦17.1140
SCOA NIGERIA PLC SCOA	CONGLOMERATES	₦33.0500	+0.0000%	8,922	83.9640	0.0080	₦33.0500	₦21.1595
NIGERIAN ENAMELWARE PLC. ENAMELWA	CONSUMER GOODS	₦36.6500	-9.9500%	250,200	91.6263	0.0093	₦40.7000	—
SFS REAL ESTATE INVESTMENT TRUST SFSREIT	CONSTRUCTION/REAL ESTATE	₦418.7500	+0.0000%	22,404	99.9267	0.0190	₦418.7500	₦296.5753
JULIUS BERGER NIGERIA PLC JBERGER	CONSTRUCTION/REAL ESTATE	₦310.8000	+0.0000%	855	65.2670	0.0225	₦310.8000	₦234.1298
CONOIL PLC CONOIL	OIL AND GAS	₦210.0000	+0.0000%	20,964	65.1463	0.0302	₦210.0000	₦178.6620
NIGERIAN BREWERIES PLC NB	CONSUMER GOODS	₦75.0000	+0.1300%	2,034,270	50.1530	0.0411	₦73.6600	₦76.0573
BERGER PAINTS PLC BERGER	INDUSTRIAL GOODS	₦147.6000	+0.0000%	2,462	82.9495	0.0425	₦147.6000	₦96.0225
SOVEREIGN TRUST INSURANCE PLC SOVRENINS	FINANCIAL SERVICES	₦2.2000	+0.0000%	707,152	51.1905	0.0496	₦2.0058	₦2.3248
CONSOLIDATED HALLMARK HOLDINGS PLC CONHALLPLC	FINANCIAL SERVICES	₦7.0500	+0.0000%	446,150	51.1257	0.0619	₦6.8746	₦5.8517
SKYWAY AVIATION HANDLING COMPANY PLC SKYAVN	SERVICES	₦171.2000	+0.0000%	636	77.3126	0.0699	₦171.2000	₦120.3432
FIDELITY BANK PLC FIDELITYBK	FINANCIAL SERVICES	₦20.0500	-0.2500%	136,172	43.1488	0.0990	₦20.7450	₦19.9972
VITAFOAM NIGERIA PLC VITAFOAM	CONSUMER GOODS	₦194.0000	+0.0000%	181,140	54.5544	0.1103	₦193.7640	₦136.8995
NIGERIA REAL ESTATE INV. TRUST FUND NREIT	CONSTRUCTION/REAL ESTATE	₦113.0000	+0.0000%	4,406	64.1269	0.1657	₦112.2000	—
CRITICAL MINERALS FINANCING CORP PLC CMFC	FINANCIAL SERVICES	₦3.6000	+1.6900%	11,825,394	55.8971	0.2190	₦2.9504	—
WEMA BANK PLC. WEMABANK	FINANCIAL SERVICES	₦31.0000	-0.3200%	3,849,350	51.9266	0.2476	₦29.9110	₦27.8463
MAY & BAKER NIGERIA PLC. MAYBAKER	HEALTHCARE	₦39.7500	+0.0000%	191,874	57.0688	0.2595	₦38.4950	₦34.5460
ABBEY MORTGAGE BANK PLC ABBEYBDS	FINANCIAL SERVICES	₦8.0500	-7.4700%	719,840	44.4048	0.2688	₦7.6730	₦6.3223
NIGERIAN AVIATION HANDLING COMPANY PLC NAHCO	SERVICES	₦140.0000	+0.0000%	857,308	41.7051	0.2942	₦144.1000	₦150.6045
ZENITH BANK PLC ZENITHBANK	FINANCIAL SERVICES	₦128.1000	+0.3100%	625,669	41.0963	0.6290	₦127.6860	₦108.6730
CORONATION INFRASTRUCTURE FUND CNIF	CONSTRUCTION/REAL ESTATE	₦154.3000	+0.0000%	447	100.0000	0.8024	₦154.0200	—
NASCON ALLIED INDUSTRIES PLC NASCON	CONSUMER GOODS	₦171.0000	-9.4800%	694,382	32.2303	1.3581	₦184.1980	₦156.8480
ETERNA PLC. ETERNA	OIL AND GAS	₦40.0500	+0.0000%	696,112	52.5190	1.4139	₦37.3760	₦35.4443
HBM NIGERIA PLC HBMNG	INDUSTRIAL GOODS	₦355.0000	+0.0000%	679,977	57.1791	2.4034	₦350.7200	—
NIGERIAN EXCHANGE GROUP PLC NGXGROUP	FINANCIAL SERVICES	₦169.0000	+0.0000%	855,916	54.4924	3.7114	₦152.2240	₦129.3845
MTN NIGERIA COMMUNICATIONS PLC MTNN	ICT	₦820.0000	-2.8400%	1,208,028	52.9880	4.8776	₦826.7460	₦705.4090
DANGOTE CEMENT PLC DANGCEM	INDUSTRIAL GOODS	₦1066.7000	+0.0000%	121,769	86.2793	7.6660	₦1043.8220	₦820.8130
AIRTEL AFRICA PLC AIRTELAFRI	ICT	₦6300.0000	+0.0000%	1,045	99.3329	30.6482	₦6220.2240	₦3514.4710
SEPLAT ENERGY PLC SEPLAT	OIL AND GAS	₦16000.1000	+0.0000%	20,714	99.0165	762.6104	₦13383.7660	₦8238.8405

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.