RSI Oversold

15 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 — 15 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	Mkt Cap	RSI	MACD
GEREGU POWER PLC GEREGU	UTILITIES	₦825.7000	+0.0000%	17,827	—	3.9320	-64.3759
BUA CEMENT PLC BUACEMENT	INDUSTRIAL GOODS	₦275.6000	-0.5800%	17,411,684	—	11.1061	-21.4409
OKOMU OIL PALM PLC. OKOMUOIL	AGRICULTURE	₦1418.0000	+0.0000%	252,478	—	11.2411	-46.7452
GUINNESS NIG PLC GUINNESS	CONSUMER GOODS	₦329.0000	+0.0000%	263,912	—	13.6089	-15.1833
TRANSCORP POWER PLC TRANSPOWER	UTILITIES	₦245.5000	+0.0000%	26,297	—	18.5428	-4.2588
NASCON ALLIED INDUSTRIES PLC NASCON	CONSUMER GOODS	₦180.0000	+0.0000%	818,990	—	18.6842	-7.2265
CHAMPION BREW. PLC. CHAMPION	CONSUMER GOODS	₦11.7500	-2.0800%	6,381,467	—	19.2218	-0.4311
CAP PLC CAP	INDUSTRIAL GOODS	₦142.4500	+0.0000%	78,699	—	20.1787	-4.6641
RED STAR EXPRESS PLC REDSTAREX	SERVICES	₦20.0000	-9.5000%	309,675	—	23.1052	-1.6646
EUNISELL INTERLINKED PLC EUNISELL	SERVICES	₦189.0000	+0.0000%	27,526	—	23.3390	2.3957
MEYER PLC. MEYER	INDUSTRIAL GOODS	₦18.5500	+0.0000%	24,615	—	27.0373	-0.4591
AXAMANSARD INSURANCE PLC MANSARD	FINANCIAL SERVICES	₦11.2000	+0.0000%	580,299	—	27.1830	-0.4380
ACADEMY PRESS PLC. ACADEMY	SERVICES	₦6.4000	+0.0000%	67,999	—	27.5683	-0.4130
ECOBANK TRANSNATIONAL INCORPORATED ETI	FINANCIAL SERVICES	₦85.7000	+0.0000%	193,054	—	29.5448	-1.1022
P Z CUSSONS NIGERIA PLC. PZ	CONSUMER GOODS	₦80.9500	+0.0000%	1,320,411	—	29.5644	-2.6907

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.