MACD Bearish

54 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 — 54 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%	17,827	3.9320	-64.3759	₦1045.2280	—
BUA CEMENT PLC BUACEMENT	INDUSTRIAL GOODS	₦275.6000	-0.5800%	17,411,684	11.1061	-21.4409	₦371.8520	₦199.4225
GUINNESS NIG PLC GUINNESS	CONSUMER GOODS	₦329.0000	+0.0000%	263,912	13.6089	-15.1833	₦398.1800	₦183.9942
NASCON ALLIED INDUSTRIES PLC NASCON	CONSUMER GOODS	₦180.0000	+0.0000%	818,990	18.6842	-7.2265	₦206.2000	₦115.9370
CAP PLC CAP	INDUSTRIAL GOODS	₦142.4500	+0.0000%	78,699	20.1787	-4.6641	₦166.4460	₦76.9488
UNILEVER NIGERIA PLC. UNILEVER	CONSUMER GOODS	₦124.0000	+2.4800%	713,753	39.7321	-4.2655	₦136.4100	₦71.1727
P Z CUSSONS NIGERIA PLC. PZ	CONSUMER GOODS	₦80.9500	+0.0000%	1,320,411	29.5644	-2.6907	₦91.3480	₦54.3905
RED STAR EXPRESS PLC REDSTAREX	SERVICES	₦20.0000	-9.5000%	309,675	23.1052	-1.6646	₦27.1090	₦14.2531
ECOBANK TRANSNATIONAL INCORPORATED ETI	FINANCIAL SERVICES	₦85.7000	+0.0000%	193,054	29.5448	-1.1022	₦88.3740	₦48.2945
MCNICHOLS PLC MCNICHOLS	CONSUMER GOODS	₦5.3000	-1.8500%	3,436,390	38.7907	-0.6825	₦7.2634	₦5.3294
MECURE INDUSTRIES PLC MECURE	HEALTHCARE	₦85.4500	+0.0000%	114,263	34.8754	-0.5762	₦84.2930	—
CWG PLC CWG	ICT	₦19.7000	+0.0000%	552,820	45.6843	-0.4949	₦21.1530	₦18.3308
MEYER PLC. MEYER	INDUSTRIAL GOODS	₦18.5500	+0.0000%	24,615	27.0373	-0.4591	₦19.7210	₦10.8574
PREMIER PAINTS PLC. PREMPAINTS	INDUSTRIAL GOODS	₦30.4000	+0.0000%	5,337	34.8813	-0.4511	₦33.6870	—
AXAMANSARD INSURANCE PLC MANSARD	FINANCIAL SERVICES	₦11.2000	+0.0000%	580,299	27.1830	-0.4380	₦13.0360	₦13.3996
CHAMPION BREW. PLC. CHAMPION	CONSUMER GOODS	₦11.7500	-2.0800%	6,381,467	19.2218	-0.4311	₦13.2540	₦13.6646
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	₦4.6500	-2.1100%	5,790,955	33.5158	-0.2827	₦5.5614	₦6.0119
INTERNATIONAL ENERGY INSURANCE PLC INTENEGINS	FINANCIAL SERVICES	₦4.6600	+0.4300%	359,641	42.5725	-0.1440	₦4.8646	₦3.1587
LIVINGTRUST MORTGAGE BANK PLC LIVINGTRUST	FINANCIAL SERVICES	₦3.7200	+9.7300%	447,165	49.9731	-0.1238	₦3.8078	₦3.9613
HALDANE MCCALL PLC HMCALL	CONSTRUCTION/REAL ESTATE	₦3.6500	+9.9400%	1,053,354	47.4921	-0.0964	₦3.7300	—
MORISON INDUSTRIES PLC. MORISON	HEALTHCARE	₦10.4000	+0.0000%	4,200	40.1010	-0.0608	₦10.8644	—
JAPAUL GOLD & VENTURES PLC JAPAULGOLD	OIL AND GAS	₦2.9500	-1.0100%	10,512,159	43.4116	-0.0583	₦3.2610	₦2.9092
GUINEA INSURANCE PLC. GUINEAINS	FINANCIAL SERVICES	₦0.8700	-1.1400%	53,404,202	36.2602	-0.0491	₦1.0280	₦1.1905
OMATEK VENTURES PLC OMATEK	ICT	₦1.7000	-6.0800%	854,004	39.7494	-0.0414	₦1.9192	₦1.7351
CORNERSTONE INSURANCE PLC CORNERST	FINANCIAL SERVICES	₦5.7500	+0.0000%	1,060,173	48.8317	-0.0214	₦5.7380	₦5.4151
PRESTIGE ASSURANCE PLC PRESTIGE	FINANCIAL SERVICES	₦1.4400	-0.6900%	1,086,284	44.1100	-0.0015	₦1.4766	₦1.5084
UNITY BANK PLC UNITYBNK	FINANCIAL SERVICES	₦1.5100	+0.0000%	0	51.8759	0.0012	₦1.5118	₦1.7216
AFROMEDIA PLC AFROMEDIA	SERVICES	₦0.2400	+0.0000%	0	100.0000	0.0017	₦0.2354	—
JULI PLC. JULI	SERVICES	₦7.2500	+0.0000%	1,000	58.7540	0.0116	₦7.2526	—
CHELLARAMS PLC. CHELLARAM	CONGLOMERATES	₦13.2000	+0.0000%	845	58.4941	0.0148	₦13.2000	—
CHAMS HOLDING COMPANY PLC CHAMS	ICT	₦4.2000	-2.7800%	17,233,810	51.3848	0.1068	₦3.9808	₦3.5302
GOLDEN GUINEA BREW. PLC. GOLDBREW	CONSUMER GOODS	₦7.1000	+0.0000%	0	83.4670	0.1173	₦7.1390	—
ASSOCIATED BUS COMPANY PLC ABCTRANS	SERVICES	₦7.8000	+0.0000%	136,876	59.5521	0.1441	₦7.2204	₦4.4558
IKEJA HOTEL PLC IKEJAHOTEL	SERVICES	₦42.5000	+0.0000%	87,683	46.2060	0.2631	₦41.3620	₦24.6025
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%	3,218	68.7746	0.3285	₦24.1490	₦13.9763
UNION DICON SALT PLC. UNIONDICON	CONSUMER GOODS	₦23.7500	+0.0000%	2,789	78.1579	0.4531	₦21.8210	—
TOTALENERGIES MARKETING NIGERIA PLC TOTAL	OIL AND GAS	₦640.0000	+0.0000%	4,038	61.0625	0.5820	₦640.0000	—
S C O A NIG. PLC. SCOA	CONGLOMERATES	₦33.0500	+0.0000%	6,743	83.9640	0.6176	₦30.2170	₦12.0250
NIGERIAN ENAMELWARE PLC. ENAMELWA	CONSUMER GOODS	₦40.7000	+0.0000%	128	91.6263	0.6526	₦38.6280	—
NESTLE NIGERIA PLC. NESTLE	CONSUMER GOODS	₦3125.0000	+0.0000%	11,298	52.6005	1.0285	₦3140.5960	₦1869.6515
CORONATION INFRASTRUCTURE FUND CNIF	CONSTRUCTION/REAL ESTATE	₦116.0000	+0.0000%	3,025	100.0000	1.4831	₦111.6800	—
SFS REAL ESTATE INVESTMENT TRUST SFSREIT	CONSTRUCTION/REAL ESTATE	₦418.7500	+0.0000%	11,152	99.9267	1.5230	₦418.7500	—
JULIUS BERGER NIG. PLC. JBERGER	CONSTRUCTION/REAL ESTATE	₦310.8000	+0.0000%	303,638	65.2670	1.7882	₦306.2660	₦154.9875
CONOIL PLC CONOIL	OIL AND GAS	₦210.0000	+0.0000%	13,122	65.1463	1.9813	₦202.7900	₦128.6295
EUNISELL INTERLINKED PLC EUNISELL	SERVICES	₦189.0000	+0.0000%	27,526	23.3390	2.3957	₦194.2910	—
BERGER PAINTS PLC BERGER	INDUSTRIAL GOODS	₦147.6000	+0.0000%	11,501	82.9495	3.3302	₦133.3190	₦58.2110
VITAFOAM NIG PLC. VITAFOAM	CONSUMER GOODS	₦194.8000	+0.0000%	261,866	61.4102	3.4125	₦177.1390	₦88.1675
BETA GLASS PLC. BETAGLAS	INDUSTRIAL GOODS	₦562.8000	+0.0000%	120,321	68.5749	3.8344	₦549.1560	₦246.4402
SKYWAY AVIATION HANDLING COMPANY PLC SKYAVN	SERVICES	₦171.2000	+0.0000%	33,800	77.3126	4.5146	₦156.8090	—
BUA FOODS PLC BUAFOODS	CONSUMER GOODS	₦939.0000	+0.0000%	67,968	70.8801	6.5577	₦913.2720	—
PRESCO PLC PRESCO	AGRICULTURE	₦2300.0000	+0.0000%	128,724	77.0867	19.8137	₦2219.2000	₦1045.3690
SEPLAT ENERGY PLC SEPLAT	OIL AND GAS	₦11363.9000	+0.0000%	56,856	82.1847	114.2690	₦10964.8000	—

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.