MACD Bullish

86 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 — 86 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	RSI	MACD	MA 50	MA 200
STERLING FINANCIAL HOLDINGS COMPANY PLC STERLINGNG	FINANCIAL SERVICES	₦76.9500	+0.1300%	2,912,248	90.2073	17.9791	₦15.8810	₦9.7125
TRANSCORP HOTELS PLC TRANSCOHOT	SERVICES	₦290.5000	+0.0000%	28,546	99.9516	9.2668	₦261.0600	₦175.5036
GUINNESS NIGERIA PLC GUINNESS	CONSUMER GOODS	₦423.0000	+0.0000%	106,628	97.4815	8.3018	₦383.8880	₦277.3885
UPDC REAL ESTATE INVESTMENT TRUST UPDCREIT	CONSTRUCTION/REAL ESTATE	₦23.5000	+0.0000%	2,549,539	66.2515	2.4886	₦16.7050	₦10.7990
LIVESTOCK FEEDS PLC. LIVESTOCK	AGRICULTURE	₦18.6000	+9.7300%	7,725,354	94.8990	2.2599	₦8.8530	₦8.0322
UAC OF NIGERIA PLC UACN	CONGLOMERATES	₦184.0000	+0.0000%	216,418	74.2281	2.2566	₦175.8280	₦134.1773
STANBIC IBTC HOLDINGS PLC STANBIC	FINANCIAL SERVICES	₦168.0000	+0.0000%	2,468,291	67.6070	2.1273	₦158.8070	₦140.0390
VFD GROUP PLC VFDGROUP	INVESTMENT	₦13.0000	-2.2600%	14,256,529	54.6221	0.4173	₦12.0610	₦11.2765
CHAPEL HILL DENHAM NIG. INFRAS DEBT FUND NIDF	CONSTRUCTION/REAL ESTATE	₦158.0000	+6.9700%	329,295	92.4424	0.3757	₦151.0260	—
IKEJA HOTEL PLC IKEJAHOTEL	SERVICES	₦45.0000	+0.0000%	86,766	67.1139	0.3280	₦44.0550	₦34.3282
ABC TRANSPORT PLC ABCTRANS	SERVICES	₦6.0500	+0.0000%	171,881	57.9520	0.2884	₦5.3060	₦5.6849
HONEYWELL FLOUR MILL PLC HONYFLOUR	CONSUMER GOODS	₦17.6000	-0.2800%	1,495,271	56.8611	0.2286	₦16.9450	₦18.9503
UPDC PLC UPDC	CONSTRUCTION/REAL ESTATE	₦3.8000	-2.5600%	1,246,975	54.9231	0.1474	₦3.6320	₦4.4326
E-TRANZACT INTERNATIONAL PLC ETRANZACT	ICT	₦17.3000	+9.8400%	4,853,430	77.4574	0.1319	₦13.2660	₦14.7983
NPF MICROFINANCE BANK PLC NPFMCRFBK	FINANCIAL SERVICES	₦4.6000	+0.0000%	235,164	59.7200	0.0974	₦4.1280	₦4.9480
TRIPPLE GEE AND COMPANY PLC. TRIPPLEG	INDUSTRIAL GOODS	₦3.0900	+0.0000%	53,791	73.4732	0.0848	₦2.7558	₦3.3999
GUINEA INSURANCE PLC. GUINEAINS	FINANCIAL SERVICES	₦0.9700	-3.0000%	2,074,470	60.0046	0.0547	₦0.7584	₦1.0596
AIICO INSURANCE PLC. AIICO	FINANCIAL SERVICES	₦4.0500	+2.2700%	2,149,309	54.1007	0.0502	₦3.9064	₦4.0837
CORONATION INSURANCE PLC WAPIC	FINANCIAL SERVICES	₦2.4000	-4.0000%	960,409	51.7589	0.0462	₦2.2814	₦2.7058
TRANS-NATIONWIDE EXPRESS PLC. TRANSEXPR	SERVICES	₦2.9700	+0.0000%	55,567	55.8276	0.0371	₦2.8016	—
MULTI-TREX INTEGRATED FOODS PLC MULTITREX	CONSUMER GOODS	₦0.5500	+10.0000%	125,500	100.0000	0.0346	₦0.3736	—
LEARN AFRICA PLC LEARNAFRCA	SERVICES	₦9.1500	+0.0000%	32,723	58.2264	0.0317	₦8.9840	₦8.5033
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC NEIMETH	HEALTHCARE	₦7.8000	-1.2700%	1,124,590	52.4158	0.0211	₦7.7030	₦9.0220
REGENCY ALLIANCE INSURANCE PLC REGALINS	FINANCIAL SERVICES	₦0.7800	+0.0000%	961,543	53.0316	0.0021	₦0.7802	₦1.0005
ROYAL EXCHANGE PLC. ROYALEX	FINANCIAL SERVICES	₦1.0800	+3.8500%	1,614,077	53.8966	0.0005	₦1.0478	₦1.5205
PHARMA-DEKO PLC. PHARMDEKO	HEALTHCARE	₦1.8300	+0.0000%	0	32.6051	0.0000	₦1.8300	—
ALUMINIUM EXTRUSION INDUSTRIES PLC ALEX	NATURAL RESOURCES	₦9.9000	+0.0000%	0	48.1912	-0.0005	₦9.9000	—
MORISON INDUSTRIES PLC. MORISON	HEALTHCARE	₦10.4000	+0.0000%	7,030	40.1010	-0.0011	₦10.4000	₦7.5728
NORTHERN NIGERIA FLOUR MILLS PLC NNFM	CONSUMER GOODS	₦79.4000	+0.0000%	115	44.4804	-0.0012	₦79.4000	₦72.6003
INFINITY TRUST MORTGAGE BANK PLC INFINITY	FINANCIAL SERVICES	₦11.2500	+0.0000%	12,784	41.8197	-0.0019	₦11.2500	—
PRESTIGE ASSURANCE PLC PRESTIGE	FINANCIAL SERVICES	₦1.4000	+0.0000%	342,074	54.3747	-0.0034	₦1.4016	₦1.4956
UNIVERSAL INSURANCE PLC UNIVINSURE	FINANCIAL SERVICES	₦0.7700	+0.0000%	0	35.9689	-0.0075	₦0.7958	₦1.0629
PREMIER PAINTS PLC. PREMPAINTS	INDUSTRIAL GOODS	₦30.4000	+0.0000%	12,513	34.8813	-0.0083	₦30.4000	—
DAAR COMMUNICATIONS PLC DAARCOMM	SERVICES	₦1.4700	-6.3700%	1,988,461	49.1960	-0.0083	₦1.5262	₦1.6489
SECURE ELECTRONIC TECHNOLOGY PLC NSLTECH	SERVICES	₦0.7000	-2.7800%	4,001,863	48.2958	-0.0085	₦0.7348	₦0.9239
CUTIX PLC. CUTIX	INDUSTRIAL GOODS	₦2.3500	+0.0000%	937,333	51.2865	-0.0130	₦2.3600	₦2.9992
LASACO ASSURANCE PLC. LASACO	FINANCIAL SERVICES	₦1.8400	+0.0000%	762,700	55.7960	-0.0148	₦1.8474	₦2.1050
VERITAS KAPITAL ASSURANCE PLC VERITASKAP	FINANCIAL SERVICES	₦1.1000	+1.8500%	2,228,820	45.8629	-0.0150	₦1.1642	₦1.6688
TANTALIZERS PLC TANTALIZER	SERVICES	₦3.9000	-2.0100%	1,773,799	48.8463	-0.0162	₦3.9636	₦3.9973
NCR (NIGERIA) PLC. NCR	ICT	₦161.2000	+0.0000%	909	32.1335	-0.0167	₦161.2000	₦108.9375
MCNICHOLS CONSOLIDATED PLC MCNICHOLS	CONSUMER GOODS	₦5.2000	+4.0000%	3,616,697	48.5099	-0.0173	₦5.0470	₦5.9960
UH REAL ESTATE INVESTMENT TRUST UHOMREIT	CONSTRUCTION/REAL ESTATE	₦70.0000	+0.0000%	14,270	30.1250	-0.0219	₦70.0000	—
AUSTIN LAZ & COMPANY PLC AUSTINLAZ	INDUSTRIAL GOODS	₦2.9200	+9.7700%	250,595	68.9891	-0.0254	₦2.5156	₦3.3052
LIVINGTRUST MORTGAGE BANK PLC LIVINGTRUST	FINANCIAL SERVICES	₦2.9300	-2.3300%	400,150	41.7351	-0.0276	₦3.2056	₦4.1521
HALDANE MCCALL PLC HMCALL	CONSTRUCTION/REAL ESTATE	₦3.4100	+0.0000%	52,900	49.1935	-0.0315	₦3.4048	₦3.8349
OMATEK VENTURES PLC OMATEK	ICT	₦1.5100	+3.4200%	777,269	52.3619	-0.0317	₦1.4812	₦1.8573
FORTIS GLOBAL INSURANCE PLC FTGINSURE	FINANCIAL SERVICES	₦1.9000	+8.5700%	2,177,076	47.3995	-0.0509	₦1.9620	—
CHAMS HOLDING COMPANY PLC CHAMS	ICT	₦3.5000	+1.4300%	7,730,864	48.3900	-0.0615	₦3.7858	₦3.9063
CWG PLC CWG	ICT	₦20.0500	+9.8600%	1,742,913	56.6377	-0.0666	₦19.6240	₦20.2832
CAVERTON OFFSHORE SUPPORT GROUP PLC CAVERTON	SERVICES	₦4.1000	+0.0000%	544,099	47.3538	-0.0765	₦4.4250	₦5.6775
MEYER PLC. MEYER	INDUSTRIAL GOODS	₦15.9500	+0.0000%	40,954	30.7311	-0.0861	₦16.1240	₦14.9064
JULI PLC. JULI	SERVICES	₦6.5500	+0.0000%	460	0.6347	-0.0913	₦6.9000	—
JOHN HOLT PLC. JOHNHOLT	CONGLOMERATES	₦8.7500	+0.0000%	45,736	50.5498	-0.1055	₦9.2090	₦10.1928
AVA CAPITAL PLC AVACAP	FINANCIAL SERVICES	₦6.0000	-0.8300%	4,268,732	52.1654	-0.1105	₦6.4050	—
AFRICA PRUDENTIAL PLC AFRIPRUD	FINANCIAL SERVICES	₦11.0000	+0.0000%	311,872	54.6593	-0.1183	₦11.0400	₦13.3578
ZICHIS AGRO ALLIED INDUSTRIES PLC ZICHIS	AGRICULTURE	₦17.9300	+10.0000%	1,696,817	54.7193	-0.1227	₦17.2518	—
LEGEND INTERNET PLC LEGENDINT	ICT	₦3.2500	-5.8000%	1,571,914	41.1854	-0.1304	₦3.9370	₦5.2373
CHAMPION BREWERIES PLC CHAMPION	CONSUMER GOODS	₦10.0000	+0.0000%	1,128,185	46.3686	-0.1311	₦10.3320	₦13.6417
ABBEY BANK PLC ABBEYBANK	FINANCIAL SERVICES	₦6.6500	-5.0000%	1,003,905	42.3766	-0.1385	₦7.5640	—
OANDO PLC OANDO	OIL AND GAS	₦34.9500	+1.1600%	2,044,514	50.4729	-0.1417	₦34.8700	₦41.6675
INTERNATIONAL BREWERIES PLC. INTBREW	CONSUMER GOODS	₦9.9500	+4.7400%	921,708	50.4247	-0.1544	₦10.1250	₦12.4195
ACADEMY PRESS PLC. ACADEMY	SERVICES	₦5.1000	+0.0000%	102,703	5.8417	-0.1598	₦5.6450	₦6.6877
R. T. BRISCOE (NIGERIA) PLC RTBRISCOE	SERVICES	₦9.2500	+0.0000%	207,632	40.6253	-0.1600	₦10.5010	₦10.2586
CHELLARAMS PLC. CHELLARAM	CONGLOMERATES	₦9.7000	+0.0000%	2,449	0.5079	-0.1616	₦10.4030	—
EUNISELL INTERLINKED PLC EUNISELL	SERVICES	₦189.0000	+0.0000%	7,665	23.3390	-0.1878	₦189.0000	₦125.9685
INTERNATIONAL ENERGY INSURANCE PLC INTENEGINS	FINANCIAL SERVICES	₦2.0900	-1.4400%	10,055,503	29.5317	-0.2096	₦2.9586	₦3.5667
FIDSON HEALTHCARE PLC FIDSON	HEALTHCARE	₦83.0000	+0.0000%	420,429	48.6958	-0.2795	₦85.1640	₦75.9625
CADBURY NIGERIA PLC. CADBURY	CONSUMER GOODS	₦60.0000	+0.0000%	504,293	50.3680	-0.4061	₦61.1580	₦61.2423
NEM INSURANCE PLC NEM	FINANCIAL SERVICES	₦28.2500	+0.0000%	269,778	39.3091	-0.4909	₦30.5320	₦29.9493
MECURE INDUSTRIES PLC MECURE	HEALTHCARE	₦56.2000	+0.0000%	26,000	6.7772	-0.5248	₦56.2000	₦51.3251
RED STAR EXPRESS PLC REDSTAREX	SERVICES	₦13.4000	+0.0000%	289,925	32.1655	-0.5271	₦15.8810	₦17.7413
LAFARGE AFRICA PLC. WAPCO	INDUSTRIAL GOODS	₦335.0000	+2.1300%	5,046,652	61.2130	-0.5546	₦320.4420	₦184.3282
ECOBANK TRANSNATIONAL INCORPORATED ETI	FINANCIAL SERVICES	₦71.4000	+1.2800%	5,149,894	56.1345	-0.5553	₦70.7590	₦62.2930
CUSTODIAN INVESTMENT PLC CUSTODIAN	CONGLOMERATES	₦70.0000	+0.0000%	311,496	42.0862	-0.6146	₦72.2010	₦63.2493
MULTIVERSE MINING AND EXPLORATION PLC MULTIVERSE	NATURAL RESOURCES	₦19.2000	+0.0000%	25,328	1.0490	-0.6322	₦21.0810	₦17.8078
INDUSTRIAL & MEDICAL GASES NIGERIA PLC IMG	NATURAL RESOURCES	₦28.0000	+0.0000%	3,827	9.6129	-0.9780	₦31.3930	₦29.5835
BUA CEMENT PLC BUACEMENT	INDUSTRIAL GOODS	₦297.0000	+0.0000%	713,390	48.7827	-1.2868	₦303.5040	₦258.5562
GEREGU POWER PLC GEREGU	UTILITIES	₦825.7000	+0.0000%	1,203	3.9320	-1.3538	₦825.7000	₦738.3535
CHEMICAL AND ALLIED PRODUCTS PLC CAP	INDUSTRIAL GOODS	₦108.5000	+0.0000%	60,009	61.1632	-1.7646	₦111.0090	₦104.4950
BETA GLASS PLC. BETAGLAS	INDUSTRIAL GOODS	₦511.5000	+0.0000%	26,130	48.4272	-1.9547	₦527.4620	₦386.7178
UNILEVER NIGERIA PLC. UNILEVER	CONSUMER GOODS	₦102.5000	+0.0000%	1,853,296	34.3076	-3.7734	₦115.7670	₦99.5990
PRESCO PLC PRESCO	AGRICULTURE	₦2045.3000	+0.0000%	10,773	7.0891	-5.0374	₦2050.2520	₦1592.0650
BUA FOODS PLC BUAFOODS	CONSUMER GOODS	₦760.6000	+0.0000%	43,262	2.9471	-5.1641	₦777.5000	₦622.7715
TRANSCORP POWER PLC TRANSPOWER	UTILITIES	₦178.0000	+0.0000%	60,403	0.1549	-9.5832	₦205.8500	—
TOTALENERGIES MARKETING NIGERIA PLC TOTAL	OIL AND GAS	₦518.4000	+0.0000%	12,554	0.0930	-21.4604	₦588.9280	₦503.8700
THE OKOMU OIL PALM COMPANY PLC OKOMUOIL	AGRICULTURE	₦1276.2000	+0.0000%	22,632	0.2583	-33.8189	₦1375.4600	₦1104.3090

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.