RSI Oversold

16 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 — 16 Stocks

Sorted by signal strength

Company	Sector	Price (₦)	% Change	Volume	Mkt Cap	RSI	MACD
TOTALENERGIES MARKETING NIGERIA PLC TOTAL	OIL AND GAS	₦518.4000	+0.0000%	12,554	—	0.0930	-21.4604
TRANSCORP POWER PLC TRANSPOWER	UTILITIES	₦178.0000	+0.0000%	60,403	—	0.1549	-9.5832
THE OKOMU OIL PALM COMPANY PLC OKOMUOIL	AGRICULTURE	₦1276.2000	+0.0000%	22,632	—	0.2583	-33.8189
CHELLARAMS PLC. CHELLARAM	CONGLOMERATES	₦9.7000	+0.0000%	2,449	—	0.5079	-0.1616
JULI PLC. JULI	SERVICES	₦6.5500	+0.0000%	460	—	0.6347	-0.0913
MULTIVERSE MINING AND EXPLORATION PLC MULTIVERSE	NATURAL RESOURCES	₦19.2000	+0.0000%	25,328	—	1.0490	-0.6322
BUA FOODS PLC BUAFOODS	CONSUMER GOODS	₦760.6000	+0.0000%	43,262	—	2.9471	-5.1641
GEREGU POWER PLC GEREGU	UTILITIES	₦825.7000	+0.0000%	1,203	—	3.9320	-1.3538
ACADEMY PRESS PLC. ACADEMY	SERVICES	₦5.1000	+0.0000%	102,703	—	5.8417	-0.1598
MECURE INDUSTRIES PLC MECURE	HEALTHCARE	₦56.2000	+0.0000%	26,000	—	6.7772	-0.5248
PRESCO PLC PRESCO	AGRICULTURE	₦2045.3000	+0.0000%	10,773	—	7.0891	-5.0374
INDUSTRIAL & MEDICAL GASES NIGERIA PLC IMG	NATURAL RESOURCES	₦28.0000	+0.0000%	3,827	—	9.6129	-0.9780
PZ CUSSONS NIGERIA PLC. PZ	CONSUMER GOODS	₦64.5000	+0.0000%	641,995	—	23.2873	-3.4383
EUNISELL INTERLINKED PLC EUNISELL	SERVICES	₦189.0000	+0.0000%	7,665	—	23.3390	-0.1878
NESTLE NIGERIA PLC. NESTLE	CONSUMER GOODS	₦2750.0000	+0.0000%	7,821	—	27.4793	-37.3694
INTERNATIONAL ENERGY INSURANCE PLC INTENEGINS	FINANCIAL SERVICES	₦2.0900	-1.4400%	10,055,503	—	29.5317	-0.2096

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.