MACD Bullish

44 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 — 44 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	RSI	MACD	MA 50	MA 200
MAY & BAKER NIGERIA PLC. MAYBAKER	HEALTHCARE	₦50.0000	+7.0700%	1,304,295	63.2030	2.9164	₦40.2780	—
RED STAR EXPRESS PLC REDSTAREX	SERVICES	₦30.7000	-9.7100%	4,297,134	54.6841	1.5629	₦27.1640	—
OANDO PLC OANDO	OIL AND GAS	₦48.0500	-5.7800%	5,014,004	53.9501	1.4434	₦47.3690	₦47.0485
IKEJA HOTEL PLC IKEJAHOTEL	SERVICES	₦43.7000	+8.7100%	865,429	70.2181	1.0319	₦37.1550	—
UPDC REAL ESTATE INVESTMENT TRUST UPDCREIT	CONSTRUCTION/REAL ESTATE	₦10.7000	-1.3800%	1,464,114	64.6852	0.8129	₦8.1770	—
ASSOCIATED BUS COMPANY PLC ABCTRANS	SERVICES	₦7.6400	-7.3900%	1,207,864	57.2294	0.5765	₦6.8424	—
UNITED CAPITAL PLC UCAP	FINANCIAL SERVICES	₦19.0000	+1.8800%	8,606,853	59.1897	0.3465	₦17.6100	₦18.4322
INTERNATIONAL ENERGY INSURANCE PLC INTENEGINS	FINANCIAL SERVICES	₦4.9700	+9.9600%	5,181,850	81.8950	0.3427	₦3.1144	—
MCNICHOLS PLC MCNICHOLS	CONSUMER GOODS	₦8.6000	-1.1500%	5,215,833	55.5015	0.3188	₦6.8820	—
CONSOLIDATED HALLMARK HOLDINGS PLC CONHALLPLC	FINANCIAL SERVICES	₦6.8700	+9.9200%	5,636,779	73.5238	0.3097	₦5.1656	₦4.1888
UNIVERSITY PRESS PLC. UPL	SERVICES	₦6.1500	+0.0000%	669,306	65.9840	0.2499	₦5.4030	—
TANTALIZERS PLC TANTALIZER	SERVICES	₦4.8000	-1.8400%	19,004,904	69.3927	0.1812	₦4.0548	₦3.1540
JAPAUL GOLD & VENTURES PLC JAPAULGOLD	OIL AND GAS	₦3.7000	-1.3300%	14,250,213	61.8475	0.1751	₦3.2740	₦2.7099
CAVERTON OFFSHORE SUPPORT GRP PLC CAVERTON	SERVICES	₦6.0000	-6.9800%	1,972,772	47.6995	0.1624	₦6.0130	₦5.7466
CHAMS HOLDING COMPANY PLC CHAMS	ICT	₦4.1500	+1.2200%	38,244,612	66.7342	0.1598	₦3.5508	₦3.1875
SOVEREIGN TRUST INSURANCE PLC SOVRENINS	FINANCIAL SERVICES	₦2.9400	+6.9100%	14,267,790	62.4574	0.1266	₦2.1082	₦2.1521
DEAP CAPITAL MANAGEMENT & TRUST PLC DEAPCAP	FINANCIAL SERVICES	₦5.1600	-9.1500%	4,025,758	50.8200	0.0972	₦5.3914	₦3.2767
DAAR COMMUNICATIONS PLC DAARCOMM	SERVICES	₦1.9500	-5.1300%	1,590,485	54.2845	0.0791	₦1.7808	₦1.2466
MUTUAL BENEFITS ASSURANCE PLC. MBENEFIT	FINANCIAL SERVICES	₦4.2900	-2.2800%	12,670,840	53.5297	0.0649	₦4.1630	₦3.1475
STERLING FINANCIAL HOLDINGS COMPANY PLC STERLINGNG	FINANCIAL SERVICES	₦7.8500	-0.6300%	16,769,773	53.5470	0.0441	₦7.6280	₦7.0023
SUNU ASSURANCES NIGERIA PLC. SUNUASSUR	FINANCIAL SERVICES	₦4.4800	+1.8200%	635,544	52.1359	0.0407	₦4.3132	—
CORNERSTONE INSURANCE PLC CORNERST	FINANCIAL SERVICES	₦5.8000	-1.6900%	2,219,165	46.0471	0.0392	₦5.5450	₦4.9855
LEGEND INTERNET PLC LEGENDINT	ICT	₦5.9000	-2.6400%	990,679	54.2768	0.0364	₦6.0686	—
AFRICA PRUDENTIAL PLC AFRIPRUD	FINANCIAL SERVICES	₦13.0000	-2.6200%	2,318,551	45.6134	0.0191	₦13.8080	—
PRESTIGE ASSURANCE PLC PRESTIGE	FINANCIAL SERVICES	₦1.4800	-5.1300%	2,982,395	51.5261	0.0178	₦1.4566	₦1.4210
REGENCY ASSURANCE PLC REGALINS	FINANCIAL SERVICES	₦1.0200	+0.9900%	9,271,569	49.4913	0.0091	₦1.0560	₦1.0281
LASACO ASSURANCE PLC. LASACO	FINANCIAL SERVICES	₦2.0800	-0.9600%	4,407,422	58.9940	0.0081	₦2.0496	₦2.5654
LIVINGTRUST MORTGAGE BANK PLC LIVINGTRUST	FINANCIAL SERVICES	₦4.0000	-0.2500%	482,265	49.1424	0.0063	₦4.3296	—
AUSTIN LAZ & COMPANY PLC AUSTINLAZ	INDUSTRIAL GOODS	₦3.7600	-5.0500%	1,529,509	45.7387	0.0017	₦4.1106	—
GUINEA INSURANCE PLC. GUINEAINS	FINANCIAL SERVICES	₦1.0800	-0.9200%	2,056,773	47.4197	-0.0066	₦1.1318	₦1.1285
UNIVERSAL INSURANCE PLC UNIVINSURE	FINANCIAL SERVICES	₦1.0900	-2.6800%	10,582,286	46.5668	-0.0151	₦1.1620	₦1.0132
FCMB GROUP PLC. FCMB	FINANCIAL SERVICES	₦11.5000	-1.7100%	5,706,965	48.0875	-0.0202	₦11.7960	₦10.7597
ROYAL EXCHANGE PLC. ROYALEX	FINANCIAL SERVICES	₦1.5000	+0.0000%	2,851,167	51.5357	-0.0204	₦1.5438	₦1.6044
CORONATION INSURANCE PLC WAPIC	FINANCIAL SERVICES	₦2.6300	-1.5000%	1,298,959	53.0927	-0.0206	₦2.7264	₦2.7518
OMATEK VENTURES PLC OMATEK	ICT	₦1.9900	+0.5000%	1,887,715	49.8953	-0.0257	₦2.0780	₦1.5262
SECURE ELECTRONIC TECHNOLOGY PLC NSLTECH	SERVICES	₦0.8700	+1.1600%	18,342,463	44.2199	-0.0310	₦0.9936	₦0.9029
VFD GROUP PLC VFDGROUP	INVESTMENT	₦11.0000	+1.8500%	6,561,796	52.6751	-0.0346	₦10.7250	—
VERITAS KAPITAL ASSURANCE PLC VERITASKAP	FINANCIAL SERVICES	₦1.6600	+0.6100%	9,495,414	46.1520	-0.0426	₦1.8206	₦1.7078
UPDC PLC UPDC	CONSTRUCTION/REAL ESTATE	₦4.2000	-4.5500%	998,800	47.4770	-0.0577	₦4.4530	₦4.7027
JAIZ BANK PLC JAIZBANK	FINANCIAL SERVICES	₦8.9700	-1.4300%	8,369,742	47.0878	-0.0708	₦9.4198	—
INTERNATIONAL BREWERIES PLC. INTBREW	CONSUMER GOODS	₦12.6500	-0.7900%	1,869,520	47.5172	-0.1882	₦13.2500	₦12.1337
UNITED BANK FOR AFRICA PLC UBA	FINANCIAL SERVICES	₦44.3000	-0.4500%	76,403,382	50.5289	-0.2490	₦45.3980	₦42.5623
ABBEY MORTGAGE BANK PLC ABBEYBDS	FINANCIAL SERVICES	₦6.7500	+6.3000%	291,158,908	39.7935	-0.2674	₦7.8390	—
HONEYWELL FLOUR MILL PLC HONYFLOUR	CONSUMER GOODS	₦18.4500	+1.3700%	7,708,810	50.1317	-0.2791	₦19.4360	₦19.6863

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.