RSI Oversold

27 stocks matched · Updated daily after market close

The Relative Strength Index (RSI) measures the speed and magnitude of recent price changes on a scale of 0-100. An RSI below 30 indicates a stock is oversold — it has declined faster than its historical average and may be due for a mean-reversion bounce. Oversold readings alone are not buy signals; confirm with improving volume, MACD crossovers, and a check of the underlying fundamentals.

RSI Oversold — 27 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	Mkt Cap	RSI	MACD
TOTALENERGIES MARKETING NIGERIA PLC TOTAL	OIL AND GAS	₦576.0000	+0.0000%	13,442	—	0.4329	-5.0380
CHELLARAMS PLC. CHELLARAM	CONGLOMERATES	₦9.7000	+0.0000%	37,853	—	0.5079	-0.9049
TRANSCORP POWER PLC TRANSPOWER	UTILITIES	₦219.6000	+0.0000%	13,532	—	2.8992	-4.5691
BUA FOODS PLC BUAFOODS	CONSUMER GOODS	₦760.6000	+0.0000%	100,277	—	2.9471	-34.3121
GEREGU POWER PLC GEREGU	UTILITIES	₦825.7000	+0.0000%	1,896	—	3.9320	-12.2280
MULTIVERSE MINING AND EXPLORATION PLC MULTIVERSE	NATURAL RESOURCES	₦21.3000	+0.0000%	25,196	—	6.0251	-0.8719
MECURE INDUSTRIES PLC MECURE	HEALTHCARE	₦56.2000	+0.0000%	295,120	—	6.7772	-4.3700
PRESCO PLC PRESCO	AGRICULTURE	₦2045.3000	+0.0000%	16,200	—	7.0891	-38.3815
CAP PLC CAP	INDUSTRIAL GOODS	₦115.4500	+0.0000%	154,101	—	7.1270	-8.3097
E-TRANZACT INTERNATIONAL PLC ETRANZACT	ICT	₦13.2500	+0.0000%	200,813	—	10.9142	-0.1679
OKOMU OIL PALM PLC. OKOMUOIL	AGRICULTURE	₦1418.0000	+0.0000%	23,759	—	11.2411	-6.3515
ASSOCIATED BUS COMPANY PLC ABCTRANS	SERVICES	₦5.2500	+0.0000%	782,327	—	13.9147	-0.4134
BUA CEMENT PLC BUACEMENT	INDUSTRIAL GOODS	₦309.0000	-2.2200%	2,897,695	—	16.2443	-4.8190
ZICHIS AGRO ALLIED INDUSTRIES PLC ZICHIS	AGRICULTURE	₦14.5500	+0.3400%	3,992,730	—	19.2929	-2.4482
FIDSON HEALTHCARE PLC FIDSON	HEALTHCARE	₦79.0000	+2.6000%	1,315,192	—	20.2456	-4.7126
TRIPPLE GEE AND COMPANY PLC. TRIPPLEG	INDUSTRIAL GOODS	₦2.8800	+0.0000%	27,015	—	21.9038	-0.1521
LEARN AFRICA PLC LEARNAFRCA	SERVICES	₦8.7000	+0.0000%	93,542	—	22.3187	-0.2436
UNILEVER NIGERIA PLC. UNILEVER	CONSUMER GOODS	₦114.0000	+0.0000%	256,062	—	22.5194	-6.5207
EUNISELL INTERLINKED PLC EUNISELL	SERVICES	₦189.0000	+0.0000%	1,755	—	23.3390	-1.5980
ROYAL EXCHANGE PLC. ROYALEX	FINANCIAL SERVICES	₦0.9600	+9.0900%	2,305,989	—	26.2571	-0.1185
JOHN HOLT PLC. JOHNHOLT	CONGLOMERATES	₦9.1000	+0.0000%	140,969	—	26.3174	-0.6395
RED STAR EXPRESS PLC REDSTAREX	SERVICES	₦16.1500	+0.0000%	598,981	—	26.9945	-1.6091
CHAPEL HILL DENHAM NIG. INFRAS DEBT FUND NIDF	CONSTRUCTION/REAL ESTATE	₦147.7000	+0.0000%	14,136	—	27.5051	-1.8689
ECOBANK TRANSNATIONAL INCORPORATED ETI	FINANCIAL SERVICES	₦74.0000	+8.9800%	1,204,231	—	28.4836	-4.3399
INTERNATIONAL ENERGY INSURANCE PLC INTENEGINS	FINANCIAL SERVICES	₦2.8200	-0.7000%	16,766,801	—	29.0854	-0.4365
LIVINGTRUST MORTGAGE BANK PLC LIVINGTRUST	FINANCIAL SERVICES	₦3.2500	+0.0000%	238,833	—	29.2057	-0.1346
CAVERTON OFFSHORE SUPPORT GRP PLC CAVERTON	SERVICES	₦4.2000	+0.0000%	747,913	—	29.7312	-0.2294

Frequently Asked Questions

What is RSI and how is it calculated?

RSI (Relative Strength Index) was developed by J. Welles Wilder. It compares the average gain to the average loss over a 14-day period. RSI = 100 - (100 ÷ (1 + RS)) where RS = average gain / average loss. Values above 70 are overbought; values below 30 are oversold.

Can an oversold stock keep falling?

Yes — a stock can remain in oversold territory (RSI < 30) for extended periods during strong downtrends. RSI works best as a contrarian signal in range-bound markets. In trending markets, wait for RSI to cross back above 30 (confirming a reversal) before entering.

More Technical Based Signals

RSI Overbought

NGX stocks with RSI above 70 — technically overbought, watch for potential pullbacks.

MACD Bullish

NGX stocks where MACD is above its signal line — bullish momentum signal.

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.