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Nairametrics
Home Markets Equities Stock Market

Resistance and Support signals for select Nigerian stocks

Nairametrics by Nairametrics
May 10, 2015
in Stock Market
Resistance and Support signals for select Nigerian stocks
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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.

TickerCloseResistanceSupport
ACCESS5.986.25.95
AFRIPRUD2.9932.8
AGLEVENT1.621.71.42
AIICO1.041.090.98
CAVERTON3.453.283
CUSTODYINS4.24.43.95
DANGFLOUR4.615.084.51
DIAMONDBNK4.64.84.4
ETERNA2.72.832.66
ETI24.4921.0120.15
FCMB3.253.433.17
FIDELITYBK1.921.941.83
FIDSON3.153.382.96
FLOURMILL35.293734.06
GUARANTY28.8329.7927.95
HONYFLOUR3.963.463.28
INTBREW20.4221.720.63
JBERGER51.750.2651
LIVESTOCK2.452.652.2
LOTUSHAL1510.6510.7510.61
NAHCO6.686.946.2
NASCON8.38.948.05
NPFMCRFBK1.31.351.16
OANDO18.419.5817.55
OKOMUOIL28.5227.326
PORTPAINT3.834.033.33
PRESCO28.9830.0926
PZ2831.2328.04
RTBRISCOE1.010.820.74
SKYEBANK2.52.622.45
STANBIC303029.26
STERLNBANK2.152.422.09
TRANSCORP3.23.333.02
TRANSEXPR1.161.231.12
UACN404239
UBA55.34.86
UBCAP1.491.541.49
UBN111110.03
UNILEVER4344.538
UNITYBNK2.6250.5
UPDCREIT1098.55
UPL5.485.584.6
VITAFOAM6.44.594.08
WAPCO98.59593

Source: TRW Stockbrokers

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