MACD Bullish

84 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 — 84 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	RSI	MACD	MA 50	MA 200
AIRTEL AFRICA PLC AIRTELAFRI	ICT	₦5801.4000	+0.0000%	7,865	98.3112	585.7513	₦3916.5320	—
CHAPEL HILL DENHAM NIG. INFRAS DEBT FUND NIDF	CONSTRUCTION/REAL ESTATE	₦163.3000	+0.0000%	117,795	99.3314	8.2019	₦132.8340	—
MTN NIGERIA COMMUNICATIONS PLC MTNN	ICT	₦826.5000	+0.3600%	1,405,579	61.5616	7.0719	₦803.6920	₦535.2350
U A C N PLC. UACN	CONGLOMERATES	₦199.9500	+0.0000%	458,963	75.9506	5.5662	₦181.5820	₦91.3487
FIRST HOLDCO PLC FIRSTHOLDCO	FINANCIAL SERVICES	₦95.9500	+9.9700%	225,912,721	75.4999	5.2050	₦65.7090	₦47.0737
TRANSCORP HOTELS PLC TRANSCOHOT	SERVICES	₦242.0000	+0.0000%	4,529	97.9933	5.1093	₦219.5500	₦103.6292
NIGERIA REAL ESTATE INV. TRUST FUND NREIT	CONSTRUCTION/REAL ESTATE	₦113.0000	+0.0000%	124,219	100.0000	1.8801	₦103.6000	—
FORTIS GLOBAL INSURANCE PLC FTGINSURE	FINANCIAL SERVICES	₦2.8400	+0.0000%	486,154	66.1825	0.4747	₦1.4710	—
INTERNATIONAL BREWERIES PLC. INTBREW	CONSUMER GOODS	₦13.3500	+0.7500%	1,510,944	59.7748	0.4422	₦12.0470	₦12.8805
FIDELITY BANK PLC FIDELITYBK	FINANCIAL SERVICES	₦21.8500	+2.8200%	25,754,444	65.2087	0.3404	₦20.0130	₦19.7810
UNITED BANK FOR AFRICA PLC UBA	FINANCIAL SERVICES	₦45.5000	+2.8200%	27,511,022	64.8459	0.3192	₦41.9480	₦43.8190
ACCESS HOLDINGS PLC ACCESSCORP	FINANCIAL SERVICES	₦25.0000	+1.4200%	29,122,169	59.4133	0.2580	₦24.0450	₦24.8122
THE INITIATES PLC TIP	SERVICES	₦30.0000	+0.6700%	3,461,491	52.9294	0.2441	₦30.3190	₦18.7889
UPDC REAL ESTATE INVESTMENT TRUST UPDCREIT	CONSTRUCTION/REAL ESTATE	₦10.6500	+0.0000%	550,379	60.8228	0.1789	₦9.9940	₦7.9960
LIVESTOCK FEEDS PLC. LIVESTOCK	AGRICULTURE	₦8.6500	-3.8900%	2,761,572	51.9651	0.1282	₦8.6980	₦7.9227
FTN COCOA PROCESSORS PLC FTNCOCOA	AGRICULTURE	₦8.4500	+2.4200%	2,241,718	54.2622	0.0978	₦8.4720	₦6.3427
CONSOLIDATED HALLMARK HOLDINGS PLC CONHALLPLC	FINANCIAL SERVICES	₦6.7200	+0.0000%	446,681	52.3400	0.0691	₦6.4910	₦4.8232
WEMA BANK PLC. WEMABANK	FINANCIAL SERVICES	₦30.4500	+1.5000%	3,532,905	56.2322	0.0528	₦30.5060	₦24.0587
R T BRISCOE PLC. RTBRISCOE	SERVICES	₦12.7500	+0.0000%	495,441	52.3021	0.0510	₦13.0004	₦7.9103
STERLING FINANCIAL HOLDINGS COMPANY PLC STERLINGNG	FINANCIAL SERVICES	₦8.0000	-4.3700%	10,316,714	47.5644	0.0282	₦7.7010	₦7.3735
UPDC PLC UPDC	CONSTRUCTION/REAL ESTATE	₦3.8500	+0.0000%	1,207,014	49.4237	0.0254	₦3.9340	₦4.8577
VFD GROUP PLC VFDGROUP	INVESTMENT	₦10.7000	-1.8700%	6,338,698	49.8055	0.0205	₦10.4860	₦11.8228
THOMAS WYATT NIG. PLC. THOMASWY	NATURAL RESOURCES	₦3.0900	+5.1000%	14,746,422	59.1671	0.0196	₦2.7728	₦2.5346
TANTALIZERS PLC TANTALIZER	SERVICES	₦4.4800	+2.2800%	4,186,331	55.2621	0.0158	₦4.3340	₦3.4843
JAIZ BANK PLC JAIZBANK	FINANCIAL SERVICES	₦8.5000	-5.0300%	7,205,236	47.8037	0.0096	₦8.7504	₦6.8175
SUNU ASSURANCES NIGERIA PLC. SUNUASSUR	FINANCIAL SERVICES	₦4.0000	+0.0000%	976,590	52.2408	0.0037	₦4.0268	₦4.6979
ROYAL EXCHANGE PLC. ROYALEX	FINANCIAL SERVICES	₦1.4800	+4.2300%	26,739,221	51.4874	0.0025	₦1.4574	₦1.7154
LASACO ASSURANCE PLC. LASACO	FINANCIAL SERVICES	₦2.0000	+5.2600%	3,890,263	54.8630	0.0005	₦1.9546	₦2.4922
SECURE ELECTRONIC TECHNOLOGY PLC NSLTECH	SERVICES	₦0.8400	+1.2000%	3,219,714	51.0931	-0.0018	₦0.8470	₦0.9485
PHARMA-DEKO PLC. PHARMDEKO	HEALTHCARE	₦1.8300	+0.0000%	0	32.6051	-0.0035	₦1.8394	—
VERITAS KAPITAL ASSURANCE PLC VERITASKAP	FINANCIAL SERVICES	₦1.5700	+0.6400%	4,491,018	57.2681	-0.0082	₦1.5422	₦1.7930
REGENCY ASSURANCE PLC REGALINS	FINANCIAL SERVICES	₦0.9400	+1.0800%	1,491,398	48.3018	-0.0099	₦0.9868	₦1.0965
DAAR COMMUNICATIONS PLC DAARCOMM	SERVICES	₦1.6500	-2.9400%	2,397,115	47.4280	-0.0127	₦1.7782	₦1.4338
AFRICA PRUDENTIAL PLC AFRIPRUD	FINANCIAL SERVICES	₦13.2000	+4.3500%	2,044,268	54.2734	-0.0179	₦12.8820	₦14.7065
CUTIX PLC. CUTIX	INDUSTRIAL GOODS	₦2.9000	-2.6800%	3,426,234	53.1045	-0.0205	₦2.9864	₦3.3331
CORONATION INSURANCE PLC WAPIC	FINANCIAL SERVICES	₦2.6000	+7.4400%	4,405,014	58.2210	-0.0207	₦2.4918	₦2.8295
UNIVERSAL INSURANCE PLC UNIVINSURE	FINANCIAL SERVICES	₦0.9400	+3.3000%	1,701,016	46.6737	-0.0293	₦1.0282	₦1.0958
AUSTIN LAZ & COMPANY PLC AUSTINLAZ	INDUSTRIAL GOODS	₦3.6300	+0.0000%	71,334	48.9208	-0.0390	₦3.7240	—
ALUMINIUM EXTRUSION IND. PLC. ALEX	NATURAL RESOURCES	₦9.9000	+0.0000%	32,749	48.1912	-0.0390	₦9.9730	—
LINKAGE ASSURANCE PLC LINKASSURE	FINANCIAL SERVICES	₦1.5000	-0.6700%	19,988,107	41.6012	-0.0416	₦1.6496	₦1.7218
UNITED CAPITAL PLC UCAP	FINANCIAL SERVICES	₦17.7500	+1.4300%	7,407,225	51.5235	-0.0478	₦17.9650	₦18.4355
UNIVERSITY PRESS PLC. UPL	SERVICES	₦5.2500	+0.0000%	1,135,516	48.3216	-0.0608	₦5.3320	₦5.0829
MUTUAL BENEFITS ASSURANCE PLC. MBENEFIT	FINANCIAL SERVICES	₦3.6700	+0.0000%	1,052,417	50.8627	-0.0690	₦3.8778	₦3.6214
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC NEIMETH	HEALTHCARE	₦9.0000	-0.5500%	753,790	49.1653	-0.0695	₦9.5210	₦8.3734
SOVEREIGN TRUST INSURANCE PLC SOVRENINS	FINANCIAL SERVICES	₦2.0000	+0.0000%	289,251	46.3045	-0.0717	₦2.2164	₦2.3509
TRIPPLE GEE AND COMPANY PLC. TRIPPLEG	INDUSTRIAL GOODS	₦3.8900	+0.0000%	28,393	51.1237	-0.0723	₦4.0168	₦3.2445
C & I LEASING PLC. CILEASING	SERVICES	₦5.5500	-5.9300%	633,204	41.4602	-0.0747	₦6.2510	₦6.1917
NPF MICROFINANCE BANK PLC NPFMCRFBK	FINANCIAL SERVICES	₦5.0000	+0.0000%	197,149	46.2360	-0.0768	₦5.3234	₦4.4288
AIICO INSURANCE PLC. AIICO	FINANCIAL SERVICES	₦4.1300	+2.2300%	3,108,626	50.0390	-0.0797	₦4.3210	₦3.7684
N NIG. FLOUR MILLS PLC. NNFM	CONSUMER GOODS	₦79.4000	+0.0000%	2,725	44.4804	-0.0930	₦79.4000	₦53.6823
FCMB GROUP PLC. FCMB	FINANCIAL SERVICES	₦10.8000	+2.8600%	4,741,944	51.9082	-0.0970	₦10.9620	₦11.0035
NIGERIAN EXCHANGE GROUP NGXGROUP	FINANCIAL SERVICES	₦131.2000	+0.0000%	1,533,945	49.0114	-0.1248	₦138.2500	₦92.9928
ELLAH LAKES PLC. ELLAHLAKES	AGRICULTURE	₦9.0000	+0.5600%	4,107,698	49.5396	-0.1488	₦9.4700	₦11.3379
INFINITY TRUST MORTGAGE BANK PLC INFINITY	FINANCIAL SERVICES	₦11.2500	+0.0000%	114,846	41.8197	-0.1739	₦12.7310	—
STANBIC IBTC HOLDINGS PLC STANBIC	FINANCIAL SERVICES	₦166.9000	+0.0000%	383,145	56.0864	-0.1773	₦164.6300	₦110.5992
CAVERTON OFFSHORE SUPPORT GRP PLC CAVERTON	SERVICES	₦5.0000	-0.9900%	3,533,303	39.9057	-0.1813	₦5.7650	₦6.1676
LEARN AFRICA PLC LEARNAFRCA	SERVICES	₦10.3000	+4.0400%	278,502	54.5438	-0.1991	₦10.3360	₦6.9766
HONEYWELL FLOUR MILL PLC HONYFLOUR	CONSUMER GOODS	₦16.8500	+0.0000%	1,052,305	52.8716	-0.2505	₦17.3120	₦20.3995
ZICHIS AGRO ALLIED INDUSTRIES PLC ZICHIS	AGRICULTURE	₦24.9900	-2.9500%	2,664,610	47.8225	-0.3218	₦28.5218	—
TRANS-NATIONWIDE EXPRESS PLC. TRANSEXPR	SERVICES	₦3.1000	+2.6500%	333,994	37.5172	-0.4025	₦4.9036	—
ACADEMY PRESS PLC. ACADEMY	SERVICES	₦6.4000	+0.0000%	67,999	27.5683	-0.4130	₦7.5790	₦5.8148
DANGOTE SUGAR REFINERY PLC DANGSUGAR	CONSUMER GOODS	₦73.0000	+0.0700%	2,324,893	51.6475	-0.5363	₦76.8710	₦63.7277
LAFARGE AFRICA PLC. WAPCO	INDUSTRIAL GOODS	₦335.0000	+2.1300%	5,046,652	61.2130	-0.5546	₦320.4420	₦184.3282
E-TRANZACT INTERNATIONAL PLC ETRANZACT	ICT	₦14.5000	+0.0000%	113,564	40.6483	-0.6129	₦16.3650	₦12.6593
TRANSNATIONAL CORPORATION PLC TRANSCORP	CONGLOMERATES	₦42.6500	+0.0000%	1,341,908	52.2502	-0.6713	₦43.3400	₦46.4070
INDUSTRIAL & MEDICAL GASES NIGERIA PLC IMG	NATURAL RESOURCES	₦34.1000	+0.0000%	17,163	32.0575	-0.6720	₦36.4300	₦22.6993
ETERNA PLC. ETERNA	OIL AND GAS	₦28.8000	+0.0000%	721,401	38.6174	-0.6980	₦31.3950	₦34.1202
JOHN HOLT PLC. JOHNHOLT	CONGLOMERATES	₦11.2000	+0.0000%	47,894	33.4596	-0.7126	₦13.6250	₦8.3626
NEM INSURANCE PLC NEM	FINANCIAL SERVICES	₦28.0000	+0.0000%	441,555	47.9131	-0.7134	₦29.5760	₦24.7622
DANGOTE CEMENT PLC DANGCEM	INDUSTRIAL GOODS	₦1047.0000	+0.0000%	388,188	54.6584	-0.8669	₦1033.4380	₦604.1195
MAY & BAKER NIGERIA PLC. MAYBAKER	HEALTHCARE	₦39.0000	+0.0000%	500,759	41.9302	-1.2524	₦42.1090	₦26.1807
NCR (NIGERIA) PLC. NCR	ICT	₦161.2000	+0.0000%	2,870	32.1335	-1.2531	₦171.7440	—
NIGERIAN BREW. PLC. NB	CONSUMER GOODS	₦75.0000	+0.5400%	9,978,430	48.4369	-1.2656	₦79.3140	₦72.6065
GUARANTY TRUST HOLDING COMPANY PLC GTCO	FINANCIAL SERVICES	₦129.2000	+1.7300%	9,579,089	52.9240	-1.3180	₦133.5790	₦110.1335
UH REAL ESTATE INVESTMENT TRUST UHOMREIT	CONSTRUCTION/REAL ESTATE	₦70.0000	+0.0000%	32,027	30.1250	-1.3696	₦74.3990	—
NIGERIAN AVIATION HANDLING COMPANY PLC NAHCO	SERVICES	₦172.1000	+0.0000%	524,617	55.3794	-1.5654	₦183.0270	₦127.8978
OANDO PLC OANDO	OIL AND GAS	₦39.0000	-0.3800%	4,823,920	41.1275	-1.9716	₦45.0970	₦46.9885
CADBURY NIGERIA PLC. CADBURY	CONSUMER GOODS	₦57.0000	+0.0000%	615,643	34.8657	-2.1559	₦65.2110	₦50.0812
FIDSON HEALTHCARE PLC FIDSON	HEALTHCARE	₦102.7500	+0.0000%	651,659	41.7143	-2.3217	₦110.0120	₦55.1225
ZENITH BANK PLC ZENITHBANK	FINANCIAL SERVICES	₦114.0000	+2.7000%	41,520,455	51.6917	-2.4919	₦119.8490	₦89.3700
CUSTODIAN INVESTMENT PLC CUSTODIAN	CONGLOMERATES	₦69.0000	+0.0000%	260,614	39.7438	-3.0942	₦76.6650	₦47.9445
TRANSCORP POWER PLC TRANSPOWER	UTILITIES	₦245.5000	+0.0000%	26,297	18.5428	-4.2588	₦263.7240	—
ARADEL HOLDINGS PLC ARADEL	OIL AND GAS	₦1526.8000	+0.0000%	512,357	47.2080	-40.2804	₦1681.4680	—
OKOMU OIL PALM PLC. OKOMUOIL	AGRICULTURE	₦1418.0000	+0.0000%	252,478	11.2411	-46.7452	₦1607.4000	₦762.6150

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.