Recovery Picks

3 stocks matched · Updated daily after market close

Recovery Picks identifies NGX stocks that have been heavily sold down but are beginning to show early signs of a momentum reversal. Three conditions are required: (1) Close within 10% of the 52-week low — deeply beaten down; (2) RSI below 35 — oversold territory, potential bottom forming; (3) MACD above its signal line — early bullish momentum shift despite low prices. This is a contrarian, high-risk screen — always validate with fundamental analysis before acting.

Recovery Picks — 3 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	Mkt Cap	52w Low	RSI	MACD
TRANSCORP POWER PLC TRANSPOWER	UTILITIES	₦245.5000	+0.0000%	26,297	—	₦245.5000	18.5428	-4.2588
INDUSTRIAL & MEDICAL GASES NIGERIA PLC IMG	NATURAL RESOURCES	₦34.1000	+0.0000%	17,163	—	₦31.5000	32.0575	-0.6720
CADBURY NIGERIA PLC. CADBURY	CONSUMER GOODS	₦57.0000	+0.0000%	615,643	—	₦53.1000	34.8657	-2.1559

Frequently Asked Questions

How do I confirm a recovery pick before buying?

Check the company's most recent earnings — is EPS improving or at least stabilising? Review the balance sheet for debt levels. Look for insider buying or institutional accumulation. A stock can tick all the technical boxes but still be a value trap if the underlying business is deteriorating.

What is the typical risk/reward on recovery picks?

Recovery picks offer asymmetric risk/reward: you are buying near the bottom of a cycle, so the potential upside to a normalised valuation can be 50-200%+, while the downside (to zero) is the maximum loss. Position sizing is critical — limit each recovery pick to 2-5% of portfolio to manage the higher inherent risk.

More Combined Signals Signals

Strong Buy Signals

RSI oversold + MACD bullish + above MA 50 — triple-confirmed buy opportunity.

Strong Sell Signals

RSI overbought + MACD bearish + below MA 50 — triple-confirmed sell/avoid setup.

Breakout Candidates

Near 52-week high + high volume + RSI < 70 — stocks poised for a potential breakout.

Top Nigerian Stocks

Largest and best-performing NGX stocks with positive momentum.

Today's Opportunities

Stocks showing strong bullish momentum today, ranked by Topchor Score.