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Resistance and Support signals for select Nigerian stocks

For those looking to find out an entry or exit point for a share one metric you look at is the support and resistance of stocks. A resistance basically is a print point that a stock has been trying to rise above but whenever it gets there it drops. A support in contrast is a […]

Resistance and Support signals for select Nigerian stocks

For those looking to find out an entry or exit point for a share one metric you look at is the support and resistance of stocks. A resistance basically is a print point that a stock has been trying to rise above but whenever it gets there it drops. A support in contrast is a price point that a stock refuses to go below.

Once a stock crosses its resistance it is seen as a bullish moment and when a stock goes below its support it is seen as a critical bearish moment.

Ticker Close Resistance Support
ACCESS 5.98 6.2 5.95
AFRIPRUD 2.99 3 2.8
AGLEVENT 1.62 1.7 1.42
AIICO 1.04 1.09 0.98
CAVERTON 3.45 3.28 3
CUSTODYINS 4.2 4.4 3.95
DANGFLOUR 4.61 5.08 4.51
DIAMONDBNK 4.6 4.8 4.4
ETERNA 2.7 2.83 2.66
ETI 24.49 21.01 20.15
FCMB 3.25 3.43 3.17
FIDELITYBK 1.92 1.94 1.83
FIDSON 3.15 3.38 2.96
FLOURMILL 35.29 37 34.06
GUARANTY 28.83 29.79 27.95
HONYFLOUR 3.96 3.46 3.28
INTBREW 20.42 21.7 20.63
JBERGER 51.7 50.26 51
LIVESTOCK 2.45 2.65 2.2
LOTUSHAL15 10.65 10.75 10.61
NAHCO 6.68 6.94 6.2
NASCON 8.3 8.94 8.05
NPFMCRFBK 1.3 1.35 1.16
OANDO 18.4 19.58 17.55
OKOMUOIL 28.52 27.3 26
PORTPAINT 3.83 4.03 3.33
PRESCO 28.98 30.09 26
PZ 28 31.23 28.04
RTBRISCOE 1.01 0.82 0.74
SKYEBANK 2.5 2.62 2.45
STANBIC 30 30 29.26
STERLNBANK 2.15 2.42 2.09
TRANSCORP 3.2 3.33 3.02
TRANSEXPR 1.16 1.23 1.12
UACN 40 42 39
UBA 5 5.3 4.86
UBCAP 1.49 1.54 1.49
UBN 11 11 10.03
UNILEVER 43 44.5 38
UNITYBNK 2.62 5 0.5
UPDCREIT 10 9 8.55
UPL 5.48 5.58 4.6
VITAFOAM 6.4 4.59 4.08
WAPCO 98.5 95 93

Source: TRW Stockbrokers





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