MACD Bullish

55 stocks matched · Updated daily after market close

The MACD (Moving Average Convergence Divergence) indicator is bullish when the MACD line crosses above its signal line. This crossover indicates that short-term momentum is accelerating faster than medium-term momentum — a bullish sign. The MACD histogram (MACD minus signal) being positive confirms the bullish bias. This is one of the most widely used trend-following signals in technical analysis.

MACD Bullish — 55 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	RSI	MACD	MA 50	MA 200
SEPLAT ENERGY PLC SEPLAT	OIL AND GAS	₦12320.6000	+0.0000%	223,972	92.3088	57.3116	₦11356.9060	₦6268.3600
GUINNESS NIGERIA PLC GUINNESS	CONSUMER GOODS	₦384.8000	+0.0000%	607,248	71.6951	3.6832	₦364.2780	₦226.6440
TRANSCORP HOTELS PLC TRANSCOHOT	SERVICES	₦265.5000	+0.0000%	13,317	99.7469	3.6727	₦235.3180	₦136.7429
ACCESS HOLDINGS PLC ACCESSCORP	FINANCIAL SERVICES	₦32.1000	+8.8100%	126,537,009	79.4473	0.9711	₦25.8270	₦25.3275
CADBURY NIGERIA PLC. CADBURY	CONSUMER GOODS	₦64.9000	+0.0000%	866,000	62.0612	0.8112	₦61.3690	₦56.1677
UNITED BANK FOR AFRICA PLC UBA	FINANCIAL SERVICES	₦47.3500	+3.1600%	31,489,551	59.8999	0.3810	₦43.7840	₦44.7137
CWG PLC CWG	ICT	₦21.4000	+0.0000%	442,570	59.4501	0.3511	₦20.3630	₦19.8330
GUARANTY TRUST HOLDING COMPANY PLC GTCO	FINANCIAL SERVICES	₦133.0000	+3.1000%	33,178,433	68.0792	0.2168	₦127.9650	₦116.5360
HALDANE MCCALL PLC HMCALL	CONSTRUCTION/REAL ESTATE	₦4.0000	+6.9500%	495,714	65.6496	0.1830	₦3.4924	₦3.9920
TRANS-NATIONWIDE EXPRESS PLC. TRANSEXPR	SERVICES	₦3.0500	+0.0000%	85,114	52.4666	0.0054	₦3.0724	—
UNIVERSITY PRESS PLC. UPL	SERVICES	₦5.5000	+0.0000%	66,081	66.5595	0.0018	₦5.2530	₦5.3284
PHARMA-DEKO PLC. PHARMDEKO	HEALTHCARE	₦1.8300	+0.0000%	0	32.6051	-0.0004	₦1.8300	—
ALUMINIUM EXTRUSION IND. PLC. ALEX	NATURAL RESOURCES	₦9.9000	+0.0000%	0	48.1912	-0.0044	₦9.9000	—
MORISON INDUSTRIES PLC. MORISON	HEALTHCARE	₦10.4000	+0.0000%	49,071	40.1010	-0.0098	₦10.4360	—
NORTHERN NIGERIA FLOUR MILLS PLC NNFM	CONSUMER GOODS	₦79.4000	+0.0000%	2,219	44.4804	-0.0108	₦79.4000	₦63.1955
REGENCY ASSURANCE PLC REGALINS	FINANCIAL SERVICES	₦0.8600	+7.5000%	850,917	52.8008	-0.0144	₦0.8666	₦1.1119
INFINITY TRUST MORTGAGE BANK PLC INFINITY	FINANCIAL SERVICES	₦11.2500	+0.0000%	13,638	41.8197	-0.0178	₦11.2500	—
GUINEA INSURANCE PLC. GUINEAINS	FINANCIAL SERVICES	₦0.7500	-2.6000%	3,421,832	44.2576	-0.0271	₦0.8494	₦1.1779
STERLING FINANCIAL HOLDINGS COMPANY PLC STERLINGNG	FINANCIAL SERVICES	₦7.8500	+1.2900%	4,199,216	51.5539	-0.0354	₦7.7870	₦7.6434
MUTUAL BENEFITS ASSURANCE PLC. MBENEFIT	FINANCIAL SERVICES	₦3.1500	-1.2500%	9,509,167	39.4321	-0.0660	₦3.3738	₦3.8956
UPDC PLC UPDC	CONSTRUCTION/REAL ESTATE	₦3.5500	+0.0000%	644,057	46.2411	-0.0724	₦3.7180	₦4.8679
PREMIER PAINTS PLC. PREMPAINTS	INDUSTRIAL GOODS	₦30.4000	+0.0000%	3,801	34.8813	-0.0752	₦30.7350	—
ACADEMY PRESS PLC. ACADEMY	SERVICES	₦6.1500	+0.0000%	46,239	35.1626	-0.0834	₦6.4920	₦6.3565
OMATEK VENTURES PLC OMATEK	ICT	₦1.6500	+10.0000%	1,889,995	52.5441	-0.0835	₦1.7276	₦1.8317
CUTIX PLC. CUTIX	INDUSTRIAL GOODS	₦2.4000	+0.4200%	3,713,832	38.3093	-0.0850	₦2.6650	₦3.1837
INDUSTRIAL & MEDICAL GASES NIGERIA PLC IMG	NATURAL RESOURCES	₦34.1000	+0.0000%	9,973	32.0575	-0.0924	₦34.2400	₦26.4155
CORNERSTONE INSURANCE PLC CORNERST	FINANCIAL SERVICES	₦5.2500	-1.8700%	1,899,277	47.5944	-0.1369	₦5.6490	₦5.6975
TRIPPLE GEE AND COMPANY PLC. TRIPPLEG	INDUSTRIAL GOODS	₦2.8800	+0.0000%	27,015	21.9038	-0.1521	₦3.3738	₦3.4320
NCR (NIGERIA) PLC. NCR	ICT	₦161.2000	+0.0000%	522	32.1335	-0.1549	₦161.2000	—
UH REAL ESTATE INVESTMENT TRUST UHOMREIT	CONSTRUCTION/REAL ESTATE	₦70.0000	+0.0000%	38,256	30.1250	-0.1865	₦70.0000	—
LEGEND INTERNET PLC LEGENDINT	ICT	₦4.0000	+1.2500%	484,682	42.7403	-0.1927	₦4.6520	₦5.5554
NPF MICROFINANCE BANK PLC NPFMCRFBK	FINANCIAL SERVICES	₦4.2000	+3.7000%	1,183,965	43.5308	-0.1993	₦4.6850	₦4.7882
NASCON ALLIED INDUSTRIES PLC NASCON	CONSUMER GOODS	₦195.0000	+0.0000%	248,203	49.3371	-0.2123	₦198.3560	₦137.4497
CHAMPION BREW. PLC. CHAMPION	CONSUMER GOODS	₦10.5000	+5.5300%	2,791,003	46.3407	-0.4090	₦11.5370	₦14.2043
ASSOCIATED BUS COMPANY PLC ABCTRANS	SERVICES	₦5.2500	+0.0000%	782,327	13.9147	-0.4134	₦6.7130	₦5.1146
LAFARGE AFRICA PLC. WAPCO	INDUSTRIAL GOODS	₦335.0000	+2.1300%	5,046,652	61.2130	-0.5546	₦320.4420	₦184.3282
MEYER PLC. MEYER	INDUSTRIAL GOODS	₦15.9500	+0.0000%	4,828	30.7311	-0.6344	₦18.1240	₦12.9143
MAY & BAKER NIGERIA PLC. MAYBAKER	HEALTHCARE	₦37.0000	+0.0000%	326,732	30.8771	-0.6577	₦38.7350	₦30.3697
NIGERIAN BREW. PLC. NB	CONSUMER GOODS	₦75.0000	+8.0700%	31,245,501	66.1919	-0.7440	₦72.8060	₦75.0475
MULTIVERSE MINING AND EXPLORATION PLC MULTIVERSE	NATURAL RESOURCES	₦21.3000	+0.0000%	25,196	6.0251	-0.8719	₦24.1050	₦16.5641
OANDO PLC OANDO	OIL AND GAS	₦34.0000	+2.7200%	4,409,507	39.0061	-1.2913	₦37.8860	₦43.9868
EUNISELL INTERLINKED PLC EUNISELL	SERVICES	₦189.0000	+0.0000%	1,755	23.3390	-1.5980	₦197.8200	—
RED STAR EXPRESS PLC REDSTAREX	SERVICES	₦16.1500	+0.0000%	598,981	26.9945	-1.6091	₦21.3200	₦16.2285
UAC OF NIGERIA PLC UACN	CONGLOMERATES	₦177.8500	+0.0000%	262,565	48.9740	-1.8651	₦183.2160	₦112.0760
PZ CUSSONS NIGERIA PLC. PZ	CONSUMER GOODS	₦81.0000	+7.8600%	3,652,214	53.2455	-2.0059	₦84.2950	₦62.6195
NIGERIAN AVIATION HANDLING COMPANY PLC NAHCO	SERVICES	₦150.2000	+0.0000%	598,787	41.9986	-2.8799	₦155.9440	₦141.5277
ECOBANK TRANSNATIONAL INCORPORATED ETI	FINANCIAL SERVICES	₦74.0000	+8.9800%	1,204,231	28.4836	-4.3399	₦83.7830	₦55.8558
MECURE INDUSTRIES PLC MECURE	HEALTHCARE	₦56.2000	+0.0000%	295,120	6.7772	-4.3700	₦73.9350	—
TRANSCORP POWER PLC TRANSPOWER	UTILITIES	₦219.6000	+0.0000%	13,532	2.8992	-4.5691	₦233.9840	—
OKOMU OIL PALM PLC. OKOMUOIL	AGRICULTURE	₦1418.0000	+0.0000%	23,759	11.2411	-6.3515	₦1424.2800	₦935.7015
CAP PLC CAP	INDUSTRIAL GOODS	₦115.4500	+0.0000%	154,101	7.1270	-8.3097	₦144.6670	₦92.1000
GEREGU POWER PLC GEREGU	UTILITIES	₦825.7000	+0.0000%	1,896	3.9320	-12.2280	₦871.8000	₦644.2005
NESTLE NIGERIA PLC. NESTLE	CONSUMER GOODS	₦2830.0000	+0.0000%	80,215	41.9617	-29.2211	₦2955.5500	₦2124.1355
BUA FOODS PLC BUAFOODS	CONSUMER GOODS	₦760.6000	+0.0000%	100,277	2.9471	-34.3121	₦873.4600	₦525.6535
PRESCO PLC PRESCO	AGRICULTURE	₦2045.3000	+0.0000%	16,200	7.0891	-38.3815	₦2188.7780	₦1318.4515

Frequently Asked Questions

How is MACD calculated for NGX stocks?

MACD = 12-day EMA − 26-day EMA. The Signal Line = 9-day EMA of the MACD. When MACD crosses above the Signal Line, it is bullish. When it crosses below, it is bearish. The Histogram shows the gap between MACD and Signal.

Is a bullish MACD crossover reliable on the NGX?

MACD crossovers work best in trending markets with good liquidity. On the NGX, where some stocks have thin trading volumes, false signals are more common. Filter MACD bullish signals by requiring volume above the 20-day average and an RSI between 40-65 for the highest-quality setups.

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 Bearish

NGX stocks where MACD is below its signal line — bearish 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.