MACD Bullish
81 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 — 81 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% | 3,483 | 98.3112 | 606.2867 | ₦3779.8160 | — |
|
CHAPEL HILL DENHAM NIG. INFRAS DEBT FUND
NIDF |
CONSTRUCTION/REAL ESTATE | ₦163.3000 | +0.0000% | 187,851 | 99.3314 | 6.3888 | ₦131.3420 | — |
|
U A C N PLC.
UACN |
CONGLOMERATES | ₦199.9500 | +0.0000% | 237,735 | 75.9506 | 4.6545 | ₦177.7060 | ₦89.5697 |
|
TRANSCORP HOTELS PLC
TRANSCOHOT |
SERVICES | ₦242.0000 | +0.0000% | 26,888 | 97.9933 | 3.3419 | ₦217.9900 | ₦101.2717 |
|
FIRST HOLDCO PLC
FIRSTHOLDCO |
FINANCIAL SERVICES | ₦79.3500 | +9.9800% | 78,657,490 | 68.2755 | 2.3271 | ₦64.6740 | ₦46.4505 |
|
CORONATION INFRASTRUCTURE FUND
CNIF |
CONSTRUCTION/REAL ESTATE | ₦116.0000 | +0.0000% | 216 | 100.0000 | 1.5966 | ₦111.4400 | — |
|
MTN NIGERIA COMMUNICATIONS PLC
MTNN |
ICT | ₦820.0000 | +0.0000% | 1,135,757 | 59.7362 | 1.2373 | ₦803.4580 | ₦525.4550 |
|
NIGERIA REAL ESTATE INV. TRUST FUND
NREIT |
CONSTRUCTION/REAL ESTATE | ₦113.0000 | +0.0000% | 167,501 | 100.0000 | 0.7977 | ₦103.2000 | — |
|
FORTIS GLOBAL INSURANCE PLC
FTGINSURE |
FINANCIAL SERVICES | ₦2.9200 | +5.4200% | 1,158,750 | 61.1660 | 0.4725 | ₦1.3972 | — |
|
INTERNATIONAL BREWERIES PLC.
INTBREW |
CONSUMER GOODS | ₦13.0500 | -6.1200% | 3,359,235 | 58.0939 | 0.3312 | ₦12.0120 | ₦12.8420 |
|
ACCESS HOLDINGS PLC
ACCESSCORP |
FINANCIAL SERVICES | ₦24.7500 | -1.0000% | 17,811,344 | 59.8138 | 0.2159 | ₦24.0570 | ₦24.7862 |
|
THE INITIATES PLC
TIP |
SERVICES | ₦29.8000 | +1.0200% | 4,204,374 | 52.3590 | 0.1553 | ₦30.2050 | ₦18.5516 |
|
CHAMS HOLDING COMPANY PLC
CHAMS |
ICT | ₦4.3700 | -0.9100% | 9,421,036 | 61.0223 | 0.1324 | ₦3.9334 | ₦3.5101 |
|
LIVESTOCK FEEDS PLC.
LIVESTOCK |
AGRICULTURE | ₦9.0000 | +0.0000% | 4,388,410 | 58.1608 | 0.1170 | ₦8.6530 | ₦7.9135 |
|
UPDC REAL ESTATE INVESTMENT TRUST
UPDCREIT |
CONSTRUCTION/REAL ESTATE | ₦10.6500 | +0.0000% | 861,008 | 60.8228 | 0.1160 | ₦9.8660 | ₦7.9535 |
|
FTN COCOA PROCESSORS PLC
FTNCOCOA |
AGRICULTURE | ₦8.1800 | -0.3700% | 1,814,985 | 52.1829 | 0.1012 | ₦8.3944 | ₦6.2846 |
|
FIDELITY BANK PLC
FIDELITYBK |
FINANCIAL SERVICES | ₦20.9500 | +5.2800% | 27,255,775 | 62.7445 | 0.0697 | ₦19.8920 | ₦19.7625 |
|
CONSOLIDATED HALLMARK HOLDINGS PLC
CONHALLPLC |
FINANCIAL SERVICES | ₦6.7200 | -3.8600% | 1,786,769 | 52.3400 | 0.0687 | ₦6.4710 | ₦4.8046 |
|
UPDC PLC
UPDC |
CONSTRUCTION/REAL ESTATE | ₦3.8500 | -2.5300% | 6,164,839 | 49.4237 | 0.0323 | ₦3.9460 | ₦4.8532 |
|
STERLING FINANCIAL HOLDINGS COMPANY PLC
STERLINGNG |
FINANCIAL SERVICES | ₦8.0000 | +3.2300% | 56,694,409 | 57.3150 | 0.0255 | ₦7.6930 | ₦7.3524 |
|
R T BRISCOE PLC.
RTBRISCOE |
SERVICES | ₦12.7500 | -3.0400% | 547,366 | 52.3021 | 0.0228 | ₦12.9262 | ₦7.8556 |
|
VFD GROUP PLC
VFDGROUP |
INVESTMENT | ₦10.7000 | +0.0000% | 10,482,383 | 53.2531 | 0.0107 | ₦10.4680 | ₦11.8767 |
|
SECURE ELECTRONIC TECHNOLOGY PLC
NSLTECH |
SERVICES | ₦0.8500 | +3.6600% | 7,303,081 | 53.0253 | -0.0030 | ₦0.8494 | ₦0.9460 |
|
PHARMA-DEKO PLC.
PHARMDEKO |
HEALTHCARE | ₦1.8300 | +0.0000% | 0 | 32.6051 | -0.0041 | ₦1.8418 | — |
|
SUNU ASSURANCES NIGERIA PLC.
SUNUASSUR |
FINANCIAL SERVICES | ₦4.0000 | +0.0000% | 1,336,263 | 52.2408 | -0.0057 | ₦4.0388 | ₦4.7061 |
|
ROYAL EXCHANGE PLC.
ROYALEX |
FINANCIAL SERVICES | ₦1.5700 | +0.0000% | 758,856 | 58.4502 | -0.0063 | ₦1.4496 | ₦1.7053 |
|
LASACO ASSURANCE PLC.
LASACO |
FINANCIAL SERVICES | ₦1.9700 | +1.5500% | 921,983 | 51.1917 | -0.0076 | ₦1.9544 | ₦2.5033 |
|
DAAR COMMUNICATIONS PLC
DAARCOMM |
SERVICES | ₦1.6600 | -5.6800% | 839,004 | 47.3815 | -0.0081 | ₦1.7710 | ₦1.4236 |
|
TANTALIZERS PLC
TANTALIZER |
SERVICES | ₦4.3300 | +3.1000% | 3,934,977 | 51.3550 | -0.0087 | ₦4.3044 | ₦3.4614 |
|
JAIZ BANK PLC
JAIZBANK |
FINANCIAL SERVICES | ₦8.6000 | -2.8200% | 13,645,929 | 47.9636 | -0.0097 | ₦8.7752 | ₦6.7625 |
|
REGENCY ASSURANCE PLC
REGALINS |
FINANCIAL SERVICES | ₦0.9500 | -3.1600% | 789,607 | 49.5547 | -0.0107 | ₦0.9866 | ₦1.0937 |
|
THOMAS WYATT NIG. PLC.
THOMASWY |
NATURAL RESOURCES | ₦2.9400 | +9.2900% | 1,107,839 | 57.3228 | -0.0209 | ₦2.7904 | ₦2.5393 |
|
VERITAS KAPITAL ASSURANCE PLC
VERITASKAP |
FINANCIAL SERVICES | ₦1.4600 | +0.6900% | 10,580,648 | 47.8485 | -0.0287 | ₦1.5462 | ₦1.7874 |
|
UNIVERSAL INSURANCE PLC
UNIVINSURE |
FINANCIAL SERVICES | ₦0.9500 | +3.2600% | 2,859,434 | 46.9525 | -0.0306 | ₦1.0344 | ₦1.0917 |
|
OMATEK VENTURES PLC
OMATEK |
ICT | ₦1.8400 | +0.0000% | 657,802 | 47.4332 | -0.0345 | ₦1.9290 | ₦1.7200 |
|
CUTIX PLC.
CUTIX |
INDUSTRIAL GOODS | ₦2.9200 | +4.2900% | 2,057,304 | 51.6998 | -0.0431 | ₦2.9896 | ₦3.3345 |
|
LINKAGE ASSURANCE PLC
LINKASSURE |
FINANCIAL SERVICES | ₦1.5000 | +1.3500% | 3,938,444 | 42.6713 | -0.0454 | ₦1.6586 | ₦1.7212 |
|
ALUMINIUM EXTRUSION IND. PLC.
ALEX |
NATURAL RESOURCES | ₦9.9000 | +0.0000% | 86,130 | 48.1912 | -0.0457 | ₦10.0810 | — |
|
C & I LEASING PLC.
CILEASING |
SERVICES | ₦5.8000 | -3.3300% | 2,010,566 | 45.6537 | -0.0465 | ₦6.2690 | ₦6.1692 |
|
JAPAUL GOLD & VENTURES PLC
JAPAULGOLD |
OIL AND GAS | ₦3.0000 | +1.0100% | 4,565,531 | 44.4106 | -0.0475 | ₦3.2624 | ₦2.8990 |
|
AUSTIN LAZ & COMPANY PLC
AUSTINLAZ |
INDUSTRIAL GOODS | ₦3.6300 | +0.0000% | 94,446 | 48.9208 | -0.0508 | ₦3.7384 | — |
|
CORONATION INSURANCE PLC
WAPIC |
FINANCIAL SERVICES | ₦2.4200 | +6.6100% | 11,115,011 | 50.2777 | -0.0509 | ₦2.4878 | ₦2.8243 |
|
UNITED CAPITAL PLC
UCAP |
FINANCIAL SERVICES | ₦17.7500 | -1.1300% | 5,432,174 | 51.4715 | -0.0654 | ₦17.9760 | ₦18.4490 |
|
UNIVERSITY PRESS PLC.
UPL |
SERVICES | ₦5.2500 | +0.0000% | 493,726 | 48.3216 | -0.0754 | ₦5.3300 | ₦5.0533 |
|
NPF MICROFINANCE BANK PLC
NPFMCRFBK |
FINANCIAL SERVICES | ₦5.0000 | +0.0000% | 929,546 | 46.2360 | -0.0797 | ₦5.3336 | ₦4.4026 |
|
AFRICA PRUDENTIAL PLC
AFRIPRUD |
FINANCIAL SERVICES | ₦12.6500 | +0.0000% | 589,773 | 53.0233 | -0.0801 | ₦12.8880 | ₦14.7267 |
|
TRIPPLE GEE AND COMPANY PLC.
TRIPPLEG |
INDUSTRIAL GOODS | ₦3.8900 | +8.9600% | 738,265 | 51.1237 | -0.0887 | ₦4.0242 | ₦3.2291 |
|
NIGERIAN EXCHANGE GROUP
NGXGROUP |
FINANCIAL SERVICES | ₦131.1000 | -4.3800% | 1,681,284 | 48.8782 | -0.0926 | ₦138.7260 | ₦92.4642 |
|
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
NEIMETH |
HEALTHCARE | ₦9.0500 | +0.0000% | 918,462 | 49.7019 | -0.1020 | ₦9.4670 | ₦8.2843 |
|
MUTUAL BENEFITS ASSURANCE PLC.
MBENEFIT |
FINANCIAL SERVICES | ₦3.6400 | +6.4300% | 3,391,823 | 49.8444 | -0.1030 | ₦3.8920 | ₦3.5945 |
|
N NIG. FLOUR MILLS PLC.
NNFM |
CONSUMER GOODS | ₦79.4000 | +0.0000% | 2,751 | 44.4804 | -0.1084 | ₦79.4000 | ₦52.9982 |
|
WEMA BANK PLC.
WEMABANK |
FINANCIAL SERVICES | ₦29.4000 | +0.5100% | 4,839,680 | 50.5121 | -0.1151 | ₦30.6430 | ₦23.8875 |
|
FCMB GROUP PLC.
FCMB |
FINANCIAL SERVICES | ₦10.5000 | -2.7800% | 6,351,340 | 49.0052 | -0.1488 | ₦10.9640 | ₦10.9950 |
|
CAVERTON OFFSHORE SUPPORT GRP PLC
CAVERTON |
SERVICES | ₦5.0500 | +0.0000% | 505,254 | 40.9319 | -0.1694 | ₦5.8090 | ₦6.1521 |
|
ELLAH LAKES PLC.
ELLAHLAKES |
AGRICULTURE | ₦8.9500 | +4.6800% | 2,351,435 | 49.5396 | -0.2063 | ₦9.5430 | ₦11.2830 |
|
INFINITY TRUST MORTGAGE BANK PLC
INFINITY |
FINANCIAL SERVICES | ₦11.2500 | +0.0000% | 1,220 | 41.8197 | -0.2079 | ₦13.0410 | — |
|
UNITED BANK FOR AFRICA PLC
UBA |
FINANCIAL SERVICES | ₦41.0000 | +0.2400% | 13,078,666 | 49.0234 | -0.2877 | ₦41.8440 | ₦43.7210 |
|
ZICHIS AGRO ALLIED INDUSTRIES PLC
ZICHIS |
AGRICULTURE | ₦26.0000 | +2.1600% | 4,640,879 | 48.6223 | -0.3175 | ₦28.4628 | — |
|
HONEYWELL FLOUR MILL PLC
HONYFLOUR |
CONSUMER GOODS | ₦16.8500 | +0.9000% | 1,725,268 | 52.8716 | -0.3299 | ₦17.3460 | ₦20.3820 |
|
TRANS-NATIONWIDE EXPRESS PLC.
TRANSEXPR |
SERVICES | ₦3.0200 | -9.8500% | 1,734,877 | 35.2729 | -0.4365 | ₦4.9912 | — |
|
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% | 144,559 | 40.6483 | -0.7210 | ₦16.6050 | ₦12.5747 |
|
INDUSTRIAL & MEDICAL GASES NIGERIA PLC
IMG |
NATURAL RESOURCES | ₦34.1000 | +0.0000% | 14,311 | 32.0575 | -0.7525 | ₦36.5060 | — |
|
DANGOTE SUGAR REFINERY PLC
DANGSUGAR |
CONSUMER GOODS | ₦72.0000 | +1.4600% | 2,168,102 | 51.5674 | -0.7877 | ₦76.9000 | ₦63.3348 |
|
JOHN HOLT PLC.
JOHNHOLT |
CONGLOMERATES | ₦11.2000 | +0.0000% | 38,578 | 33.4596 | -0.7962 | ₦13.8290 | ₦8.2667 |
|
ETERNA PLC.
ETERNA |
OIL AND GAS | ₦28.8000 | +0.0000% | 117,816 | 38.6174 | -0.8146 | ₦31.5570 | ₦34.0820 |
|
TRANSNATIONAL CORPORATION PLC
TRANSCORP |
CONGLOMERATES | ₦43.0000 | +6.1700% | 2,888,045 | 53.3061 | -0.8747 | ₦43.3950 | ₦46.4188 |
|
NEM INSURANCE PLC
NEM |
FINANCIAL SERVICES | ₦28.0000 | +0.0000% | 497,718 | 47.9131 | -0.9460 | ₦29.7240 | ₦24.5770 |
|
NCR (NIGERIA) PLC.
NCR |
ICT | ₦161.2000 | +0.0000% | 2,404 | 32.1335 | -1.4408 | ₦173.2560 | — |
|
UH REAL ESTATE INVESTMENT TRUST
UHOMREIT |
CONSTRUCTION/REAL ESTATE | ₦70.0000 | +0.0000% | 45,498 | 30.1250 | -1.5377 | ₦74.4990 | — |
|
NIGERIAN BREW. PLC.
NB |
CONSUMER GOODS | ₦74.0000 | +4.2300% | 899,755 | 45.0032 | -1.6442 | ₦79.4570 | ₦72.3632 |
|
GUARANTY TRUST HOLDING COMPANY PLC
GTCO |
FINANCIAL SERVICES | ₦125.8000 | +1.1300% | 10,068,639 | 46.0081 | -1.9642 | ₦133.9450 | ₦109.5495 |
|
CADBURY NIGERIA PLC.
CADBURY |
CONSUMER GOODS | ₦57.0000 | +0.0000% | 243,378 | 34.8657 | -2.1006 | ₦65.8110 | ₦49.7013 |
|
NIGERIAN AVIATION HANDLING COMPANY PLC
NAHCO |
SERVICES | ₦172.1000 | -2.7700% | 492,065 | 55.3794 | -2.5608 | ₦183.5450 | ₦127.2873 |
|
FIDSON HEALTHCARE PLC
FIDSON |
HEALTHCARE | ₦102.7500 | +0.0000% | 491,108 | 41.7143 | -2.7822 | ₦109.7990 | ₦54.2505 |
|
CUSTODIAN INVESTMENT PLC
CUSTODIAN |
CONGLOMERATES | ₦69.0000 | +4.7000% | 783,641 | 39.7438 | -3.4240 | ₦76.7450 | ₦47.6985 |
|
ZENITH BANK PLC
ZENITHBANK |
FINANCIAL SERVICES | ₦109.0000 | +0.3700% | 30,042,445 | 43.1108 | -3.4759 | ₦120.4730 | ₦88.7460 |
|
TRANSCORP POWER PLC
TRANSPOWER |
UTILITIES | ₦245.5000 | +0.0000% | 10,146 | 18.5428 | -4.9191 | ₦266.1800 | — |
|
DANGOTE CEMENT PLC
DANGCEM |
INDUSTRIAL GOODS | ₦1047.0000 | +0.0000% | 2,505,955 | 54.6584 | -5.4111 | ₦1023.9580 | ₦596.3495 |
|
ARADEL HOLDINGS PLC
ARADEL |
OIL AND GAS | ₦1526.8000 | +0.0000% | 1,797,857 | 47.2080 | -50.4284 | ₦1671.5560 | — |
|
OKOMU OIL PALM PLC.
OKOMUOIL |
AGRICULTURE | ₦1418.0000 | +0.0000% | 54,495 | 11.2411 | -52.5081 | ₦1621.2800 | ₦750.2460 |
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.